Blog Post
The Demand for Skilled Talent in the COVID19 Landscape
Gabe Gibitz • Sep 24, 2020
The pandemic refined the workplace
COVID-19 and its consequences have caused a sea change in the job market and the workplace. The unemployment rate more than tripled in April 2020 after the outbreak, but there are signs of improvement in the labor market most recently.
- Remote work is the new normal for many. 63% of the professionals we polled say they realize their job is doable from home.
- 79% of workers are managing work and home life better by blocking their day into chunks of business and personal time (windowed work).
Bright spots bring optimism
- 18 million people who were temporarily laid off expect to return to work.
- Nearly 40% of small business owners expect better business conditions in the next six months.
- 60% of workers surveyed said the lack of a commute has improved their work-life balance.
Geographically diverse candidate pool
- With so many jobs now being done remotely, employers can extend their candidate searches beyond geographic boundaries.
- Firms must also factor in not only the requirements of the job but also the market where the candidate lives when setting salaries.
Unemployment rates for some positions much lower than the national average
- The unemployment rate for college-degreed workers 25 and older is just under 7%, far below the national unemployment rate, which is near 11% (for June 2020).
- And for positions in high demand, the rate is even lower: 4.1% for financial analysts, for example, and only 1.4% for security professionals.
Employees have expectations about safety procedures when offices reopen
- 52% think their employers should require workers to wear masks.
- 46% feel the office layout should be changed to maintain social distancing.
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