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No Layoffs, No slashing of salaries, Magneto CleanTech provides Monetary Benefits to Employees in Pandemic.

In the course of increased social distancing, organizations must provide social and mental care support to their employees through virtual communication which will help them feel less lonely, isolated, and create a sense of job security and feel associated with the organization. When an organization cares about employees and listens to them it helps them thrive. Magneto CleanTech has prioritized employee’s entire well-being that includes physical, financial, mental well being to showcase the care about their workforce so that they would emerge healthier and empowered post experiencing a pandemic crisis. 

The spread of coronavirus is threatening the existence of many innovative firms and startups. Lockdown has paralyzed the operations of many businesses across the country. Entrepreneurs are facing a lot of challenges as a repercussion of this outbreak of coronavirus. They are striving to bolster their ventures in this pandemic. COVID 19 has been hitting hard on humanitarian grounds. Recent research states that nearly 40% of startups have temporarily shut down their services and some of them are on the verge of shutting down. COVID 19 threat has been rapidly evolving and is impacting greatly the start-up and business community across the country. The intertwined relationship between the country and business environment poses serious risks of supply which may lead to significant loss of revenue and have a massive impact on the economy. An extremely strenuous and painful time, the pandemic has indeed overblown the economy leaving it vulnerable. 

Resilient Time for Enterprises and Startups:

During a pandemic, it is quintessential for MNCs dealing in the IT sector to work from remote locations via audio and video teleconferencing seamlessly. Enterprises and startups are facing challenges while working from home. Poor Connectivity is one of the challenges that employees are experiencing. Employees who have age-old laptops,  poor network, poor connectivity, and have little knowledge and exposure in handling the video conferencing software like Google Hangouts, GoTo Meetings, Skype, and many more. Small companies as well as start-up companies are brawling to survive in this pandemic. Another challenge that employees and employers are experiencing is the decline in productivity. During the pandemic, enterprises, startups, and small organizations cannot halt the operations. Organizations have accepted this scenario and are shifting towards remote working processes. Organizations are making sure to educate their employees to use digital software to work and connect. The training definitely invests a huge amount of time which might certainly hamper the productivity of employees. But, for the fact, this pandemic is teaching the organizations to evolve themselves digitally. Having said that, startups have been adopting cross-functional roles so even a small decrease in employee performance may hamper the productivity of the organization as well as build problems in the business.

As the coronavirus outbreak spread across the globe, many big shot companies were forced to take drastic steps such as laying off their employees, slashing salaries, sending few employees on temporary leaves, delayed increments. Giant companies like Ola, Uber, Swiggy, Zomato, Livspace, Make My Trip, Book My Show, Car Dekho have laid off their employees. 

• Ola has laid off  1400 employees as the revenue has fallen down by 94%. Uber India has let go of its 600 employees. 
• Uber has trimmed 25% of its global workforce. Also, many companies have either laid off their employees or have asked a few to go on temporary leave.  
• Unicorn in the food chain industry, Swiggy has partway through 1,100 employees. 
• Food Delivery unicorn, Zomato has announced a 13% reduction of its employees and salary cuts. 
• Another unicorn of home design Livspace has laid off 450 employees. 
• Another big shot, Make my Trip has laid off 350 employees due to the adverse effects of lockdown. 
• Book My Show has laid off 270 of its workforce due to the impact of COVID 19. 
• Car Dekho has also slashed the salaries and laid off their workforce. 
• WeWork has laid off 20 percent of its workforce from India.
• OYORooms has slashed the salaries of all employees by 25%. Adding to this, few employees are sent on temporary leave.

These companies have left with no choice other than reducing the size of the workforce. The current pandemic seems to have had no adverse consequence on one of India’s leading Startups of Air Purification, Magneto CleanTech, as they decided to reward the employees by subscribing to the monetary benefits in the midst of COVID-19 lockdown. The pandemic has blown the economy of the nation, but Magneto CleanTech has decided that there will be no salary disruption and employees will receive full salaries and it will be paid on time. Magneto CleanTech has also onboarded a few new joiners in this lockdown period coming from big shot MNC’s. Many corporates have commenced pay cuts or have been firing the employees to pull through the wrecking economy.

Magneto CleanTech has been offering centralized air sanitization worldwide. This organization has been supporting the workforce by providing medical coverage making them feel even secure in such pandemic gloom.

Unlike other startups, Magneto CleanTech is not a startup that follows the “hire and fire” system; as a full-grown startup, they have assured that the entire family of Magneto is altogether in this unprecedented time. Mr. Himanshu Agarwal, CEO, Magneto CleanTech says, “Whoever joins Magneto Cleantech becomes a part of the family and once a family member is always a family member. I do not ask my people ever to leave the company and go. It is out of their wish if they would like to part ways. It is my duty to keep the morale of my team-high in such uncertainty. We are living in unprecedented times but hoping the situation comes back to normal in the near future. At this moment, we need to stay calm, be resourceful, and do what we do best. Focus on supporting each other and be empathetic towards their team members”. 

This company takes care of its stakeholder’s wellbeing and safety too. The organization is focussing more on their employee’s physical well-being, mental well-being, and has been providing the provisions for counseling. Before we entered lockdown in India, Magneto CleanTech had provided steamers to their employees for their well-being so that they could respire through high temperatures which kills viruses under the nostrils. Not only the company offered steamers to their employees, but it also provided homeopathy medicine to its workforce. Homeopathy is well known to resist the disease and majorly help in improving the immunity of the human body. Magneto CleanTech provided SBL, Arsenic Album 30 C to its workforce before the lockdown so that everyone is safe and secured even at home. Arsenic Album 30 C is a homeopathy pill and it is a prescription in case of respiratory infections. A thoughtful gesture that this company has contributed to raising the well-being of its workforce. As the pandemic continues, the first priority of the organization must be its workforce safety and its well-being. This situation is very tough and employees are unable to focus on their work when their family is in peril. Therefore, it is imperative that organizations provide a completely sanitized air workplace and offer support whenever they need it. During the crisis, effective communication between the workforce is equally important to restore their morale and confidence. Organizations must conduct pandemic training with the workforce to enhance employee and organization readiness to respond effectively. An internal survey was conducted wherein we found that every employee working in Magneto CleanTech finds themselves very grateful and lucky working in the company because employees are getting paid full and on time. This reflects the sense of safety and sense of job security within so that they could focus more on their responsibilities keeping aside the worries.

Right from the inception, at Magneto CleanTech, we have been protecting people and their assets.