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Weekly Wrap - 06th Match

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COVID-19 isn’t just affecting the global economy – it’s also shaping social interactions, in professional settings, and surprisingly seems to be reducing smog in China.

Is this the end of the handshake? People around the world are rethinking their daily habits at work and at home to reduce the risk of contracting coronavirus, with the age-old handshake greeting taking a hit. German Chancellor Angela Merkel was publicly rebuffed by her own interior minister who declined to shake her hand. England’s cricket team will swap handshakes for fist bumps when it meets for the World Test Championship in Sri Lanka, with the NBA offering similar guidance to players.

 

Virus lifts smog off China skies. Coronavirus-induced factory shutdowns helped clear off a significant amount of pollution in China's skies in January and February, according to Nasa satellite imagery. The drop-off in nitrogen dioxide coincided with China's travel restrictions and factory closures, as manufacturing activity fell to a record low in February. But the slowdown has choked global supply chains and could cost the world $1.1 trillion in lost income. Factories elsewhere in Bangladesh, Myanmar and Cambodia are also having to lay off workers and close factories.

 

Data reveals that the wage gap is finally narrowing, but we’re not there yet. For the past four years, we’ve gone deep into our career marketplace to study what the gender wage gap looks like for tech workers at some of the most innovative companies of our time. Because we have unprecedented visibility into tech workers’ salary preferences and company offers, we’re able to analyze the salaries candidates expect on our marketplace, the salaries companies offer, and how that changes across geography, age group, role, race, and sexual orientation. We also wanted to have a well-rounded understanding of how women and men think about the wage gap, so we paired our proprietary marketplace data with a survey of more than 2,600 tech workers. Our goal was to learn about their personal experience with pay inequality and workplace trends they have experienced first hand.

 

Beating the ‘too old to hire’ label. With their skills at risk of being redundant, ageism and a perception that they are "too expensive" to hire, Singapore's middle-aged professionals are battling the threat of irrelevancy, TodayOnline reports. To future-proof themselves, experts say workers need to invest in skills upgrading and retraining for new careers — and the government has recently announced new subsidies for them to learn new skills. But that's not enough. Employers need to also redesign jobs and adopt the mindset that older does not mean less productive.

The Ceylon Chamber of Commerce

Aisha Nazim

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