Let’s be honest, the pandemic has turned our world upside down. We are experiencing an avalanche of change. One of which is a reduction in employees’ work hours – 3 million* Australians are struggling to adapt to their current role changes.
The financial impact on employees is huge, and the biggest issue for employers is staff costs. Although many corporations have built a team of talented workers over the years and the last thing they want to do is let them go, they may have to cut their employees’ salaries or decrease their work hours. It is seen by business owners as the best choice to “survive” financially instead of making their employees redundant.
For employees like yourself, who have had their work hours cut, you’ll likely face many challenges. For one, your mental health may be at risk.
The Medical Journal of Australia found that 25% of people experienced symptoms of depression due to financial stress and uncertainty related to COVID-19. To tackle these mental health battles, visit your GP. They can set you up with a mental health support plan.
Know your rights
Be sure that any information regarding your salary changes is in writing, such as in the form of an employee’s agreement. Before you accept an adjustment to your contract, have a look at your changed workload and duties. You can get more information from the Fair Work Ombudsman website.
Open yourself to new options.
Take advantage of this time. Be assertive, evaluate your skills and the experience you have gained while searching for new work positions. Go to your LinkedIn, update your profile and connect with the DNA Talent team. This is where your new professional journey starts.
Planning under a new budget
Your pocket has been affected, so now’s the time to sit down and write out your priorities, set up a calendar, and stick to it. It might not be an easy task, but crises teach us how to capitalise on opportunities.
*Survey results by the Australian Bureau of Statistics.