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The COVID-19 Pivot: How Five Nonprofits and Community-Based Enterprises Have Adapted in Response to the Pandemic
As COVID-19 has upended entire industries, businesses and non-profits everywhere have had to adapt to survive – sometimes shifting completely from their traditional services. June Sugiyama at the Vodafone Americas Foundation explores how five participants in the OpenIDEO COVID Business Pivot Challenge have quickly adjusted to provide innovative solutions to the crisis.
- Categories
- Agriculture, Coronavirus, Health Care, Social Enterprise, Technology
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Avoiding the Downside of Instapay: Five Behavioral Science-Based Principles to Make Paycheck-on-Demand Benefit Low-Income Users
There are numerous apps and employers that allow employees to cash out their paychecks on demand, rather than waiting until their usual payday. But while this may seem like a dream come true for people who need quick cash to deal with financial distress, "instapay" also comes with tradeoffs. Analysts at Common Cents Lab discuss these downsides – and some behavioral science-based solutions.
- Categories
- Coronavirus, Finance, Technology
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Discovering the Real Impact of COVID-19 on Entrepreneurship
Since the beginning of the crisis, more than 70% of start-ups have had to terminate contracts of full-time employees.
- Categories
- Coronavirus
- Tags
- employment, startups
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Next Phase of India’s Skill Programme to Focus on Quality, States’ Role
The Centre will soon unveil the next phase of its flagship skill development programme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), which will primarily focus on the role of states, the fate of migrant workers, and the employment scenario.
- Region
- South Asia
- Tags
- employment
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Digital Platforms: The Virtual Classrooms That Transform India’s Youth into Productive Workers
India is one of the youngest societies in the world, with people aged 15-24 making up a third of the population. That's why the country's economic growth will depend on youth becoming productive workers, says Sreelakshmi Ramachandran at Ola Mobility Institute. As we celebrate World Youth Skills Day, she explores how digital platforms are upskilling young workers and easing their transition to employment.
- Categories
- Education, Technology
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Viewpoint: How to Save Vital Remittances to the Developing World
The remittance safety net is under threat from job losses in sectors heavily dependent on migrant labor, and any proposal that the G20 nations maintain remittance flows would probably meet with derisive laughter; it would be tantamount to demanding that foreign countries bankroll the developing world’s non-existent safety nets. So the question is, what can be done?
- Categories
- Coronavirus, Finance
- Tags
- employment, remittances
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1 Billion People Live in Informal Settlements Worldwide: Here are Seven Key Challenges They’re Facing During COVID-19
“Stay at home” orders are part of life under COVID-19, but they're based on the assumption that one’s home provides protection against contracting and spreading the virus. As Margaret Nakunza at Intellecap points out, this isn’t always the case – at least not for the approximately 1 billion people living in informal settlements. She explores the most critical challenges facing these communities during the pandemic, and what the development sector can do to support them.
- Categories
- Coronavirus
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How to Fix Capitalism: Start by Seeing Black Businesses as the Investment Opportunity They Are
In light of the George Floyd killing and the disproportionate impact of COVID-19 on Black communities, many are searching for ways to address systemic racism in the U.S. According to Tynesia Boyea-Robinson at CapEQ, one way to do this is to support and invest in Black businesses. She explores how investments in these businesses could add $55 billion to the U.S. economy and create 600,000 new jobs.
- Categories
- Investing