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International Journal of Academic Research in Business and Social Sciences

Open Access Journal

ISSN: 2222-6990

The Practice of Working from Home Triggered by the COVID-19 Pandemic: Financial Management Implication in Organizations Globally

Olawale Amuzat, Sagaran Gopal

http://dx.doi.org/10.6007/IJARBSS/v11-i10/11257

Open access

The coronavirus pandemic is expected to fundamentally change the way many organizations operate for the foreseeable future. As governments and businesses around the world tell those with symptoms to self-quarantine and everyone else to practice social distancing, remote work is the new reality. How do corporate leaders, managers, and individual workers make this sudden shift? This paper explores in response to the uncertainties presented by Covid-19, many companies have asked their employees to work remotely. This level of expectation may not be feasible easily. Fortunately, there are specific steps that managers can take without great effort to improve the engagement and productivity of remote employees, even when there is little time to prepare.
Research on emotional intelligence tell us that employees look to their managers for cues about how to react to sudden changes or crisis situations. If a manager communicates stress and helplessness, this will have what Daniel Goleman calls a “trickle-down” effect on employees. Effective leaders take a two-pronged approach, both acknowledging the stress and anxiety that employees may be feeling in difficult circumstances, but also providing affirmation of their confidence in their teams. With this support, employees are more likely to take up the challenge with a sense of purpose and focus.

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In-Text Citation: (Amuzat & Gopal, 2021)
To Cite this Article: Amuzat, O., & Gopal, S. (2021). The Practice of Working from Home Triggered by the COVID-19 Pandemic: Financial Management Implication in Organizations Globally. International Journal of Academic Research in Business and Social Sciences, 11(10), 1–10.