What Does the Coronavirus Mean for Your Companies Workforce?
In a little over seven weeks since the first reported case of Coronavirus in the United States, the Centers for Disease Control and Prevention have reported over 1,200 presumptive confirmed diagnosis in the United States. As concerns of the now pandemic grow, sports organizations including the NBA, MLB, NCAA and others have discussed cancelling or hosting sporting events without the attendance of fans. Several Fashion shows, film festivals and other large attending events have been canceled over the recent crisis.
Job growth has defined the U.S. economic expansion over the past decade including over 273,000 jobs added so far in 2020, but the increase may not continue to rise as employers are starting to feel the effects of negative economic impacts. Last week the Washington Post reported, “At the Port of Los Angeles, 145 drivers have been laid off and others have been sent home without pay as massive ships from China stopped arriving and work dried up. At travel agencies in Atlanta and Los Angeles, several workers lost their jobs as bookings evaporated. Christie Lites, a stage-lighting company in Orlando, laid off more than 100 of its 500 workers nationwide this past week and likely will lay off 150 more, according to chief executive Huntly Christie. Meanwhile a hotel in Seattle is closing an entire department and as many as 50 people lost their jobs after the South by Southwest festival in Austin was canceled.”
We’ve yet to see how the virus will impact the workforce via direct illness related incidents, but we can expect companies like Amazon, UPS and others who operate largely populated warehouses, and populated store fronts to enact plans that prepare for the spread of the virus as well as the attendance of employees who may miss work time due to Coronavirus related causes. Walmart has released a statement to all US employees waiving its attendance policy through the end of April as part of a “COVID-19 emergency leave policy.” So how will the virus effect your companies work force? We suspect a work shortage that could last months. Scientists are reporting that we’re only seeing the beginning of what could be a 8-10 month long spread of the virus before it reaches its climax. Estimates are showing nearly 30-40% of the workforce could face temporary work stoppages as a result of the illness directly, or due to company layoffs and quarantines. Several companies and universities have already started making work accessible via remote and work from home applications.
Guerrilla Recruit recommends building a strategy to minimize the damages that will ultimately effect your business in the near term, whether that is to help your employees find new positions during your layoff period or to plan the post crisis hiring plan by working with an outside agency like Guerrilla Recruit. Everyone will benefit if your company has a strategy to mitigate the damages of the Coronavirus.