Overview

Original Research

LABOR INVESTMENT EFFICIENCY IN PANDEMIC COVID19 ERA AND POST-PANDEMIC LABOR ISSUES

JUNAWAN 1, TAUFIK HIDAYAT 2, and ISKANDAR MUDA 3

Vol 17, No 06 ( 2022 )   |  DOI: 10.5281/zenodo.6671763   |   Author Affiliation: Student Doctoral Program of Accounting Universitas Sumatera Utara & Lecture in Universitas Pembangunan Panca Budi, Indonesia 1; Student Doctoral Program of Accounting Universitas Sumatera Utara & Lecture in Universitas Negeri Medan, Indonesia 2; Universitas Sumatera Utara, Medan, Indonesia 3.   |   Licensing: CC 4.0   |   Pg no: 796-805   |   To cite: JUNAWAN, et al., (2022). LABOR INVESTMENT EFFICIENCY IN PANDEMIC COVID19 ERA AND POST-PANDEMIC LABOR ISSUES. 17(06), 796–805. https://doi.org/10.5281/zenodo.6671763   |   Published on: 18-06-2022

Abstract

This paper highlights the problem of labor investment and its efficiency and the issue of labor problems in the post-covid-19 pandemic. The decline in labor investment is very bad in the tourism, aviation, and food industries. The phenomenon of the decline in investment in companies is divided into three, namely the company terminates employment, lays off workers for an indefinite period, and keeps workers and does not add them. A new trend in the labor market, namely remote working is having both positive and negative effects on the effectiveness of companies. This new job trend provides a widening gap between non-skilled and skilled workers, where companies will be more likely to use the services of outside workers because it can be done online. To overcome the gap of non-skilled workers who lack technological literacy, the government and various stakeholders, along with industry, must create a skill improvement program, so as to reduce the gap between non-skilled workers and active educated unemployed, which can be gradually overcome in the post-pandemic period.

Keywords

labor investment, efficiency, post-covid-19 pandemic. JEL Codes: F16, J08