A new study of the Infostud job site, conducted on about 2,300 people and 450 companies, showed how quickly the Serbian economy is emerging from the state of emergency and with what consequences.
About 20% of employees said that redundancies were made in their company during the state of emergency, while the positive side is that 80% of companies did not implement the same measure.
On the other hand, the fact that half of the employees are afraid of losing their jobs in the next six months is worrying, while the good aspect is that salaries in almost 70% of companies have not been reduced.
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As many as 45% of respondents said they had had the opportunity to work from home, 18% worked from home and workplace combined and 37% worked in their usual workplace.
Although the previous study showed that the fear of becoming infected, either personally or someone close to you, was the dominant concern, this time around the biggest challenge is the fear that the economic crisis will grow, as will struggle for covering basic living costs.
As far as the economy is concerned, the number of companies that suffered a significant negative impact was reduced from 56% in the first week of April to 20% in the observed period. On the other hand, only 8% of companies reported a positive impact on their business.
Half of the companies expect this year’s financial plan to be below expectations and only 5% see the possibility of being above expectations.
20% of companies believe that the risk of the crisis will affect the sustainability of their operations in the long term compared to 45% who believe that sustainability will only be short-term.
As for the positive aspects of doing business after coming out of a state of emergency, 40% of companies pointed out that working from home can be feasible and useful for most staff, and 23% pointed out that they have digitized their working processes.
According to the survey participants, the negative consequences include stopping planned investments and the financial consequences that the crisis has had on companies.
More than half of the corporate entities have cut costs, including those related to marketing that were the first to be reduced. About 60% of companies have allowed at least some of their employees to work from home and the same percentage did not see a drop in productivity.
Although 27% of the corporate entities surveyed hired new employees during the state of emergency and the pandemic, almost 40% of them stopped hiring and 35% will continue to do so in the future. More than 80% of companies have not made employees redundant.
This post is also available in: Italiano