Contingency Funds – New Haven to Employee Benefits

Fintec Buzz04 Dec, 2020Business

HRTechCube discusses the importance of contingency funds wrt employee benefits & financial preparedness in a dystopian COVID-19 era of economic doom. The market conditions of a singular aspect in one part of the world is often seen to be having a ripple effect on several elements and in other parts of the world as well. As the ripple effect itself explains, an initial disturbance in a set system can create further disturbance to an increased portion of the system, making the effect of the object dropped, larger. Think of a river bank and a stone thrown into it, which creates a series of movements or waves in the water. Something similar is what happens when a country faces recession or economic downturn. It may start off as a minor regression for a smaller portion of the country, but can impact too many entities on a macro level, in the long run.