Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 in2020, 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]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Frederick D. Choi, Gary K. Meek

7th Edition

978-0136111474, 0136111475

More Books

Students also viewed these Accounting questions