Topic 2: Employee Benefits & Effect of Covid-19 Pandemic on Post-employment benefit Plans Over the last two years, the
Posted: Sun Jun 05, 2022 4:22 pm
Topic 2: Employee Benefits & Effect of Covid-19 Pandemic on Post-employment benefit Plans
Over the last two years, the global pandemic caused a sudden global decline in the price of equity
securities and credit securities. Following this, many superannuation funds have shown negative
returns on investments globally. Additionally, the rising Covid-19 cases and lockdown measures
around the country and international borders have changed the way the people work and where
they work, profoundly affecting employee short term benefits and superannuation plans and other
benefits globally. Fiji was no exception to this. The first Covid-19 case, as discovered in Fiji in 2020, led to closures of all borders, causing a massive economic downturn resulting in declining
labour demand during the Covid-19 breakout period. While the government preventive measures
in lockdowns led to the closure of all non-essential industries, business and activity sectors, the
majority of the national employee population were at the height of losing their jobs. Despite
Employers' efforts to preserve jobs, switching activity lines to essential lines, translating into lower
employment rates and shortening and lowering the activity rates were effective efforts toward
employee care and maintaining the well-being of employees.
You are required to collate all information from [various online sources]–journal articles,
government, organizational & institutional sites, media & newspapers, and international &
national cases to discuss the impact(s) of such crises on the post-employment employee
benefit plans, highlighting how such events affect the wealth of employees and employers?
[Consider both defined benefit and defined contribution superannuation plans in writing your
research paper]
Over the last two years, the global pandemic caused a sudden global decline in the price of equity
securities and credit securities. Following this, many superannuation funds have shown negative
returns on investments globally. Additionally, the rising Covid-19 cases and lockdown measures
around the country and international borders have changed the way the people work and where
they work, profoundly affecting employee short term benefits and superannuation plans and other
benefits globally. Fiji was no exception to this. The first Covid-19 case, as discovered in Fiji in 2020, led to closures of all borders, causing a massive economic downturn resulting in declining
labour demand during the Covid-19 breakout period. While the government preventive measures
in lockdowns led to the closure of all non-essential industries, business and activity sectors, the
majority of the national employee population were at the height of losing their jobs. Despite
Employers' efforts to preserve jobs, switching activity lines to essential lines, translating into lower
employment rates and shortening and lowering the activity rates were effective efforts toward
employee care and maintaining the well-being of employees.
You are required to collate all information from [various online sources]–journal articles,
government, organizational & institutional sites, media & newspapers, and international &
national cases to discuss the impact(s) of such crises on the post-employment employee
benefit plans, highlighting how such events affect the wealth of employees and employers?
[Consider both defined benefit and defined contribution superannuation plans in writing your
research paper]