How well are you prepared for pay cut amidst the Global pandemic?

The job market is ever dynamic; continuously changing as a result of socio-economic and technological development. In recent months however, the changes experienced are neither as a result of economic nor technological advancement, but rather, the health crisis that has altered the daily lives of people around the world.   One of the major effects of COVID-19 on the labour market is the loss of jobs for hundreds of millions of people. In big economies, workers are benefiting from unemployment claims, but the same cannot be seen in developing countries in Africa where governments are grappling with means to mitigate the effects of the current pandemic.   Predictions from the UN’s International Labour Organization (ILO) show that up to “1.6 billion workers in the informal economy – that is nearly half of the global workforce – stand in immediate danger of having their livelihoods destroyed.”  According to the ILO Monitor third edition: COVID-19 and the world of work, with working hours continuing to drop in the current (second) quarter of 2020, the situation is not expected to make a turnaround any time soon.  Amid stay-at home orders executed across the globe, most workers are now working from their dining rooms, couches or beds in the ‘comfort’ of their