- Posted by: adminbb
- Category: International
The ups and downs of the first half of 2020 have been a roller-coaster ride of change that has affected all of us as individuals and the world of commerce. Some are calling the far reaching effects of the covid pandemic a reset of the world’s financial system in which many businesses have had to navigate unprecedented challenges just to stay afloat in these turbulent times.
Employers have had to employ new tools and strategies to trying and hang on to employees. In many industries staff have been laid off while employers in other industries have been rushing to increase their workforce in the transformed commercial landscape.
In the UK, the number of unemployed and claiming state benefits rose 23% in the first few months of business closures that put about to 2.8 million people out of work.
June’s unemployment figures in the US were that an estimated 20 million people are currently out of work.
Hospitality Industry Impacted the Most
Obvious victims of the travel restrictions and stay-home mantra since March are employers in the hospitality industry, which has seen an estimated 95 percent drop in hiring rates. Restaurants have also had a more than 50 percent decline in hiring. Non profit organizations have also felt the force of the negative impact with hiring decreasing by about 80 percent.
On the other hand, businesses experiencing massive growth during the pandemic have been the transport and retail industry, which have experienced a hiring increase of 144 percent and 27 percent respectively. There’s also been a slight rise in hiring for public administration roles.
However the tide is now turning as those businesses that survived by laying off staff are now hiring again with a new outlook on growing the workforce in the post-covid climate.
A significant number of employers in the US aim to have more than 20 percent of their workforce permanently based off site, working remotely, and about half of the country’s employees expect to work from home offices (telecommute) in the future.
Remote working is familiar territory for freelancers, which has been an advantage to those already living an independent life-workstyle and familiar with the tools of the trade to communicate and work with teams located in other states or countries even.
About a third of the employers asked in recent surveys say they are hiring more casual workers on short-term contracts to replace their previous stock of permanent employees. Cost savings are cited as one of the benefits behind hiring staff on a freelance or contract basis.
Perhaps unexpectedly, despite the assumption that those millions of people put out of work would be eager to snap up new jobs, employers are reportedly finding it challenging to rehire at the rate they would like to or had planned.
Linked In surveys of talent acquisition professionals reveal that at least 60 percent of them say the pandemic has negatively impacted their ability to get people hired.
The hurdle both employers and employees face is overcoming a fear of going ‘back to normal’ to work in an environment once considered perfectly safe and hygienic but now considered ‘dangerous’ with a post-covid mindset.
A restaurateur in the southwest of England who usually does a roaring trade in the summer months but shut down his establishment because of covid and reopened in July said: “Everything’s changed, from the hiring process to the way we protect staff, as well as the measures put in place to seat and serve customers. Staff wear protective face coverings and guests are seated at designated tables instead of sitting wherever they like and ordering at the bar. Now the bar staff take orders at the tables”.
Screening Tech Advancements Aid Recruitment Recovery
Here at Intelimasters we are helping employers get back on track with more rapid recruitment procedures. Thanks to recent developments in background screening technology, employers can re-hire staff in a matter of hours instead of the days and weeks it would take to hire with conventional methods.
Mobile applications and improved digital information collection means long lists of candidates can be quickly processed and cleared with one-stop background screening solutions that we have invested in. For our customers that means a great deal of cost savings due to much fewer man-hours devoted to recruiting.
Criminal background checks are a must for most organisations but those checks are usually only carried out before employment and with the candidates prior consent – all of which is time consuming but doesn’t account for any criminal records which may arise between the screening and employment. Now the tech is available to continuously monitor for any criminal records occurring while they are working.
We can now screen and digitally tack of badge contractors remotely and employers can implement online workflow platforms to support remote workers.
Mobile tracking and tracing for self assessment and covid alerts means employers and employees can get instant feedback on tests so they can take quick action.
Virtual drug testing kits are coming onto the market to help employers carry out instant online non-invasive oral testing of employees remotely through video conferencing software.
To offset the economic impact for businesses large and small in the US the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was introduced on March 13, incentivizing employers to keep employees on the payroll through a 50% credit on up to $10,000 of wages paid or incurred until December 31, 2020.
Feel free to contact us with any questions or for advice on the ways you can implement recruitment strategies to streamline your hiring process, save money and quickly get back to business as usual.