Crisis dictates universality in work

2009-06-13 15:43:00

ArmInfo. The financial and economic crisis has made a positive effect
on the labor market, this is proved by the research of the analytical
department of Norvik Universal Credit Organization (UCO) provided to
ArmInfo. The research shows that the reduction in vacancies will allow
employers to make the employees to show a more responsible attitude to
their work. Nevertheless, nobody frightens them with difficulties of
search of a new vacancy or threatens to take economic measures, for
instance, to decrease the salary. Employees themselves start
displaying a more responsible attitude to their work. Furthermore,
the requirements to the applicants have changed.

In particular, more universality in work is required – companies no
longer can afford keeping employees with narrow specialization. The
requirement of universality also affected the requirements to the age
of employees. Earlier recruitment agencies looked for young employees,
now specialists above 50 years of age also can get a job if their
experience allows them to make sense of several working issues
simultaneously. As for those dismissed, they also have new
opportunities to work at their personal professional qualities. At
present, companies do not axe to minimize the expenses on the account
of employees, but everybody realizes that to be irresponsive at work is
fraught with reduction in salary, bonuses and social packages.

The methods used in Armenia do not cause fear, which only presses
efficiency, on the contrary, the current situation abruptly increases
the labor efficiency and the employees’ responsible attitude to work,
which was lacking earlier and this was the main problem of all
employers. At the same time, there are no socio- psychological methods
increasing the satisfaction with work.

The experts’ opinion about the employees’ mood is indirectly confirmed
by the research held by Norvik UCO. According to the research results,
in October 2008 only 10% of pollees observed a growth in work
efficiency of employees while after the New Year holidays 45% of
pollees gave a positive answer.

To recall, Norvik UCO is an Armenian branch of Latvian-Icelandic JSC
Norvik Banka. It received the licence of the Central Bank of Armenia in
July 2006 and started operating since late September 2006. It has held
the leading positions in the rating of universal credit organizations
for three years.