Adverse business impact of COVID-19 may drive companies to consider ‘workforce optimisation’: Survey

NEW DELHI: Amid increasing concern over COVID-19, companies in India expect negative impact on their business in the next 12 months, and for some the adverse impact may last longer, driving organisations to consider “workforce optimisation”, a survey said on Tuesday.

According to the Willis Towers Watson survey, 57 per cent of organisations in India expect a “moderate-to-large” negative impact on their business in the next six months, while 46 per cent expect this to last over a 12-months period.

The survey titled, COVID-19 India Readiness Survey, noted that 19 per cent expect an adverse impact to last over a two-year period, while only 5 per cent of organisations expect a positive business impact within the next 12 to 24 months.