Journal Screenshot

International Journal of Academic Research in Economics and Management Sciences

Open Access Journal

ISSN: 2226-3624

Cost-Benefit Analysis of The Implementation of Work From Home (WFH) During The Covid-19 Pandemic – A Descriptive Analysis

Norfarahzatul Asikin Zakari, Sheerad Sahid

http://dx.doi.org/10.6007/IJAREMS/v12-i3/18154

Open access

Unparalleled global events that have been associated with health and economic deterioration. To address the persistent issue, a comprehensive shutdown was implemented as a preventative strategy to mitigate the spread of COVID-19. The adoption of MCO has brought about alterations in multiple facets of human existence which have a direct impact on the economic growth including Malaysian populace. The practice of working from home (WFH) has the potential to mitigate the risk of infection by minimizing direct contact between workers and individuals who may be carriers of the virus. The findings reveal that cost contribute a lot to facilitate seamless remote work. Furthermore, this research also enables researchers to peruse literature reviews that have been reviewed by their peers, which can help them determine how many nations are preventing the spread of COVID-19 as they conduct additional research. In addition, proposals for programs and enhancements to improve the health-economic equilibrium. This paper contains suggestions and recommendations for additional research that should be explored.

Alam, M. N., Alam, M. S., & Chavali, K. (2020). Stock market response during COVID-19 lockdown period in India: An event study. Journal of Asian Finance, Economics and Business,7(7), 131-137.
AON. (2020). COVID-19 Epidemic: Employee Pulse Survey Report. Malaysia.
Atalan, A. (2020). Is the lockdown important to prevent the COVID-19 pandemic? Effects on psychology, environment and economy-perspective. Annals of Medicine and Surgery, 56,38-42.
Ayittey, F. K., Ayittey, M. K., Chiwero, N. B., Kamasah, J. S., & Dzuvor, C. (2020). Economic impacts of Wuhan 2019-nCoV on China and the world. Journal of Medical Virology, DOI: 10.1002/jmv.25706
Balasa, A. P. (2020). COVID – 19 on Lockdown, Social Distancing and Flattening the Curve – A Review. European Journal of Business and Management Research, 5(3): 1-4. DOI: http://dx.doi.org/10.24018/ejbmr.2020.5.3.316
Department of Statistics Malaysia, DOSM. (2020). Report of Special Survey on Effects of Covid- 19 on Economy and Individual.
Fana, M., Tolan, S., Torrejon, S., Brancati, C. U., & Fernandez-Macias, E. (2020). The COVID confinement measures and EU labour markets. Luxembourg: Publications Office of the European Union. European Union.
Ghose, A. K. (2020). The pandemic, lockdown, and employment. The Indian Journal of Labour Economics, 63(Supply 1),S67-S71.
Gould, E., & Kassa, M. (2020). Young workers hit hard by the COVID-19 economy: Workers ages 16-24 face high unemployment and an uncertain future. Economic Policy Institute, Washington, D.C., USA.
ILO. (2020a). COVID-19 and the world of work: Impact and policy responses. First edition, 18 March 2020.
Juranek, S., Paetzold, J., Winner, H., & Zoutman, F. (2020). Labour market effects of COVID-19: Sweden and its Scandinavian neighbours. https://voxeu.org/article/labour-market-effects-COVID-19-sweden-and-its-neighbours
Kikuchi, S., Kitao, S., & Mikoshiba, M. (2020). Heterogeneous Vulnerability to the COVID-19 Crisis and Implications for Inequality in Japan. RIETI Discussion Paper Series 20-E-039, The Research Institute of Economy, Trade and Industry, Japan.
Kong, E., & Prinz, D. (2020). The impact of shutdown policies on unemployment during a pandemic. COVID Economics, 17, 29-50.
Lu, H. (2020). Drug treatment options for the 2019-new coronavirus (2019-nCoV). BioScience Trends,14,69-71.
Matrajt, L., & Leung, T. (2020). Evaluating the Effectiveness of Social Distancing Interventions to Delay or Flatten the Epidemic Curve of Coronavirus Disease. Emerging Infectious Diseases,26(8),1740-1748. DOI: https://doi.org/10.3201/eid2608.201093
Musinguzi, G., & Asamoah, B. O. (2020). The Science of Social Distancing and Total Lock Down: Does it Work? Whom does it Benefit?. Electronic Journal of General Medicine,17(6): em230. https://doi.org/10.29333/ejgm/7895
Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., Agha, M., & Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International Journal of Surgery,78,185-193.
Oxford Economics. (2020). The economic impact of COVID-19 on Asia Pacific.https://www.oxfordeconomics.com/recent-releases/The-Economic-Impact-of-COVID-19-on-Asia-Pacific.
Pouliakas, K., & Branka, J. (2020). EU jobs at highest risk of COVID-19 social distancing: Will the pandemic exacerbating the labour market divide? IZA Discussion Paper No. 13281. IZA Institute of Labor Economics, Bonn, Germany.
Shah, A. U. M., Safri, S. N. A., Thevadas, R., Noordin, N. K., Rahman, A. A., Sekawi, Z., Ideris, A., & Sultan, M. T. H. (2020). COVID-19 outbreak in Malaysia: Actions taken by the Malaysian government. International Journal of Infectious Diseases, 97,108-116.
Siti Khaireena, U., & Abu Zarren, S. (2021). Dilema moral mahasiswa dalam menghadapi Perintah Kawalan Pergerakan (PKP) semasa pandemik covid-19: Satu kajian kes. Qalam: International Journal of Islamic and Humanistic Research,MJSSH), 1(1), 1-11.
Tang, K. H. D. (2020). Movement control as an effective measure against COVID-19 spread in Malaysia: An overview. Journal of Public Health: From Theory and Practice, https://doi.org/10.1007/s10389-020-01316w
United Nations Development Programme, UNDP. (2020). Report on findings from the WFH experience in response to the COVID-19 global health crisis in Malaysia.
World Bank. (2020). Global Economic Prospects. Washington, DC: International Bank for Reconstruction and Development/The World Bank.
Yuan, Z., Xiao, Y., Dai, Z., Huang, J., Zhang, Z., & Chen, Y. (2020). Modelling the effects of Wuhan’s lockdown during COVID-19, China. Bulletin of the World Health Organization, 98, 484-494.
Zellweger, C. (2020). What the stock market tells us about the post-COVID-19 world. Nature Human Behaviour 4: 440.

In-Text Citation: (Zakari & Sahid, 2023)
To Cite this Article: Zakari, N. A., & Sahid, S. (2023). Cost-Benefit Analysis of The Implementation of Work From Home (WFH) During The Covid-19 Pandemic – A Descriptive Analysis. International Journal of Academic Research in Enviornment and Geography, 12(3), 206–217.