26 August 2020 | Report

Myanmar and COVID-19: Impact on the private sector

Summary

A small employee survey from a large financial services business. This survey was administered using an online survey application developed by Investing in Women between 20 July and 2 August 2020. The total number of respondents is 195 (119 female and 76 male).

 

Key Points

 

  • One in two of the private companies ranked the financial impact and disruption caused by COVID-19 on their business as 8 or more out of 10.
  • Two in five private companies were fully operational but teleworking.
  • Most companies expect it will take more than 6 months before regular trading resumes.
  • Two-thirds of private businesses reported the decline in customer demand was one of the main challenges in the early months of the pandemic.
  • Four in five companies allowed employees to telecommute or work from home and provided the required technology.
  • Three quarters of the companies included women in their COVID-19 Task Force or Crisis Management Teams.
  • One-third of companies believe that social norms mean women and men are impacted differently by the pandemic.
  • Half of all companies said the pandemic had created an opportunity to shift to remote working arrangements and new E-commerce and digital markets.
  • Improved internet support and digital training for staff is required to support this opportunity.
  • Men are more likely than women to experience an increase in income
  • One in five workers say they are less productive than before the pandemic.
  • Decline in worker productivity is mostly due to anxiety and stress about the pandemic.
  • Almost half of all workers had access to PPE and one-quarter had access to flexible work arrangements. Women are more likely to WFH than men.
  • Almost half of all workers experienced increased pressure to earn an income.
  • More than one third of workers experienced an increase in domestic pressures.
  • More than one-third of workers have experienced a decline in their mental health with women more effected than men.
  • Almost half of workers experiencing a decline in mental health say it is due to the stress of the situation and more than one-third report financial concerns as the cause.
  • Physical health was identified as the greatest challenge of the crisis period by men.
  • Women are four times as likely as men to rate mental health as their greatest challenge.
  • Similar proportions of men and women identify financial concerns as their greatest challenge.

Table of Contents

  • Introduction
  • Employer Perspectives
    • Impact on business
    • Business challenges and response
    • Business opportunities
  • The Employee Experience
    • Impact on work
    • Change in hours of work, income and location
    • Productivity
    • Employer response
    • Impact on households: domestic and income pressures
    • Impact on health and well-being
    • Physical health
    • Mental health
    • Biggest Challenge
  • Conclusion

 

Learn about the impact of COVID-19 on Indonesia, Vietnam and the Philippines.

Highlights

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