The Education, Labor Market, and Social Capital Challenges Posed by COVID-19
The Education, Labor Market, and Social Capital Challenges Posed by COVID-19

Summary/Abstract: This paper investigates the effects of Covid -19 on education and labor market and through the challenges posted by pandemic on the social capital development in the organization. In order to gather the required data, an online questionnaire was designed and randomly sent to the 241 enterprises of all size from manufacturing and services sectors, in 2020 in Serbia. The results reveal that there is a significant influence of the pandemic on the labor market demand, and also on the supply and unemployment and self-employment. Also the impact is presented on the education, first on the teaching model driven by technology with growing tendency to e-learning opportunities, on the changing structure of schooling, learning, teaching and assessment methodologies and on VET & NFE programs. Social capital is challenged most in its Structural, less in the relation and cognitive social capital development issues. Descriptive statistical analysis and multi regression and correlation analysis were used in this research. This research developed a new integrated approach to the social capital development addressing the deficiencies found in past studies on organization performance development, by exploring the correlation among more pandemic risks and supporting decisions on the social capital of the organization development by managing exposure to these risks.

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