COVID-19 has resulted in massive job cuts across the world, causing deep mental stress among people. As an organization that understands and promotes mental well-being among its employees, Admitad global affiliate network has launched a ‘Social Fund’ with a corpus of $3,00,000 for the staff, whose family members have suffered a job loss recently.
The initiative to launch the fund was taken after considering the results of an in-house survey in which 20% of the staff confirmed going through mental-stress due to financial loss that their close relatives had suffered during COVID-19 crisis. As an employee-friendly organization, Admitad organizes regular surveys to gauge the morale and well-being of its employees.
“During such an uneasy time we decided not only to keep the salary level for all the employees but also to care about their psychological health. It is hardly possible to concentrate on work when your family members are faced with challenges, including the financial ones. That is why we took a very important step further to create this fund,” commented the Founder and CEO of Admitad – Alexander Bachmann.
The social fund provides compensation of $1,000 each to the parents or spouses of Admitad employees who are left with no income due to the COVID-19 crisis. The compensation will be credited to the salary account of Admitad employees as a one-time bonus payment. Employees would be able to avail of the facility after filling out a questionnaire and a follow-up review of the information by the company.
The social fund will be operational between the period of May 1, 2020, and August 1, 2020, for over 600 Admitad employees across its offices in Germany, India, Russia, Brazil, Ukraine, the United Arab Emirates, Belarus, and China.
The Admitad global affiliate network urges all the companies to join such social initiatives to support their staff and families in this fight against the global pandemic.
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