Two-thirds of workers impacted by COVID-19

roy morgan covid-19 coronavirus michele levine

27 April 2020
| By Chris Dastoor |
image
image
expand image

Over two-thirds of working Australians have seen their employment affected by Government restrictions put in place for COVID-19, according to research from Roy Morgan.

Impacts on workers included:

  • 25% said their work hours have been reduced;
  • 18% said they had been stood down for a period of time; 
  • 16% said they had an increase in their work hours;
  • 16% said they had not had any work offered;
  • 11% cited some other change to their employment such as being put on enforced leave, changes to rostering, social distancing measures or other precautions put in place;
  • 10% said they are now working from home;
  • 9% said they had their pay reduced for the same number of work hours; and
  • 4% said they had been made redundant.

For those working in organisations with over 1,000 employees, 54% had their impacted by COVID-19.

The industries which felt the least impact were agriculture, wholesale trade, transport and storage, construction, electricity, gas and water, and public administration and defence.

Michele Levine, Roy Morgan chief executive, said unemployment estimates showed 1.4 million people were forced out of work during March due to the Government’s restrictions.

“The impact has hit sole traders particularly hard; three-quarters of sole traders have had their employment impacted due to the COVID-19 crisis,” Levine said.

“The disparate impact the coronavirus is having on different types of organisations underlines why it is so important that Government stimulus to support those in need is properly targeted and calibrated to derive the most benefit.

“It also shows Governments must clearly outline a plan to emerge from the pandemic and transition the private sector back to a sustainable, and profitable, ‘new normal’ in the months ahead.”

Roy Morgan conducted interviews with 1,444 Australians aged over 14 last week.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 weeks 5 days ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

6 days 4 hours ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 day 19 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

23 hours 34 minutes ago