RECENT TRENDS IN EMPLOYMENT SLOWDOWN DURING COVID-19 AND PERSONAL INITIATIVES TO RESTRUCTURING INDIVIDUAL HOUSEHOLD ECONOMY

Abstract

Present Situation of the wide surging pandemic all over the world is creating wide range of economic decline in the different field of the economy and Causing uninterrupted problems for containing the both the corona virus as well as economic slowdown. Most of the developed countries of the world like USA, UK, France Germany and Russia are facing troublesome situation in maintaining a stabilized situation in their country. This pandemic has created one of the most important problems all over globe is loss of Job and Job opportunity, throughout the world most of the richest economies are trying to provide permanent solution for this problem, but, still they are facing hard trouble, at present it has become millionaire question to provide right solution. This research paper investigates the factors which are held responsible for the employment slow down faced by different class of workers in the remote place of Kolar Gold fields. It is a place where a huge number of mining (BGML) Ex-employees and their decedents are living with a lot of controversies in their retirement settlement and present no proper employment facility is provided to these people all most all them are travelling daily to Bangalore to find their livelily hood, but at present situation they doesn’t have transportation facilities to get the livelihood too. Hence, Researcher thought of to trace out and identifies the alternative ways to get an employment in local areas to manage their individual household economy. Primary data was collected form 200 respondents through a structured questionnaire. Chi-square and ANNOVA test were used for to know the factors affecting the employment problems In Kolar Gold Fields. The finding depicts many factors like Pandemic situation, Income generation; expenditure and local employment were the reason for employment backlash. The finding shows that people are finding their alternative ways and means for establishing new lifestyle for their best survival.