Summary of How Coronavirus Will Impact the Future of Work and HR

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How Coronavirus Will Impact the Future of Work and HR summary
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If you’re an HR professional, the COVID-19 crisis may be pushing you to the front lines. HR needs to switch into high gear in many companies as they lay off teams in droves, make remote work mandatory and adapt to new government regulations. But HR teams also have a chance to guide companies responsibly in the aftermath of the virus. Best-selling author Dan Schawbel walks you through new industry trends. ​​​​​

About the Author

Dan Schawbel is a best-selling author of three books, including Back to Human. He’s a managing partner of Workplace Intelligence.

 

Summary

The HR field needs to adapt rapidly to changes induced by the coronavirus.

HR professionals are vulnerable to losing their jobs during the COVID-19 pandemic. As experts in recruiting, implementing government policies and dealing with other workforce issues, they are also in a unique position to stabilize tumultuous businesses. HR teams can help businesses react and bounce back from the crisis.

US government experts warn that the country’s unemployment rate could climb to 20%, marking a recession. About 25 million people are at risk of losing their jobs around the world. Companies never fully recovered from the 2008 recession and will continue to take a long time hiring new employees, sometimes mandating hiring freezes to save money. After the pandemic, pay raises will likely be scarce, the pressure for employees to produce will intensify and widespread worker burnout will persist.

Virtual job interviews and online learning will continue to grow in popularity.

Out of fear that job candidates may carry the virus, technology and recruiting businesses in particular are shifting from meeting applicants...


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