IMPACT OF COVID-19 ON EMPLOYMENT AND COMPENSATION OF NEPALESE FIRMS

Abstract

This dissertation report is aimed at identifying the impact of COVID-19 pandemic on the employment sector and compensation practices among the organizations of Nepal. The factors to be studied are Employment or the current labour market, Compensation and overall satisfaction of the people with the compensation they are currently receiving in the organization. Since the pandemic is one of its kind, not much studies have been done in the area however in the studies that has been taken into consideration for the research purpose show that there has been some negative impact of COVID-19 on the compensation practices of the country as well as on a global level. This dissertation will also try to study the relationship of these factors with employee compensation satisfaction among employees working in Nepal. The findings show that there has been number of job losses in various sectors of the country and the majority have been at the receiving end of the pay cuts that was done during the pandemic by their organizations. While the dissertation shows that majority are satisfied with their current compensation that is being provided by their organization, there are some who are not at all satisfied with their current organization’s compensation practices.