Finding Talent in a Time of Economic Change
26 Jun 2020
The coronavirus pandemic has caused more economic disruption than the U.S. has seen since the Great Depression. No one can say for sure what the landscape will look like as the economy recovers, but it’s clear that a lot of puzzle pieces won’t snap back into the same places as before.
In a post-pandemic reality, business operations may look dramatically different. Many people will be forced to transition from one job or career to another. Put another way, there will be an incredible need for workforce development as millions of idled workers return to the workforce. The country’s many workforce programs are ready to get everyone back in the game and have already been adapting their work to the new reality.
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As the coronavirus (COVID-19) pandemic in the U.S. spread in March, leading to shelter-in-place orders in most states and a rapid slowdown of the national economy, businesses have started adopting Baker Tilly’s “now, next, later” framework in dealing with the pandemic challenges: “Now” is focused on the first 30 days;...
Arecent Brookings article touched on trends that the COVID-19 pandemic will likely accelerate. Many of them were already familiar to communities and economic developers: automation, the housing crisis, the necessity of ubiquitous broadband, and the struggles of microbusinesses. And businesses are also keenly aware of shifts in the economy that were...
With the uncertainty in the future of businesses and the length of the coronavirus pandemic, many companies have responded to the crisis by moving to conserve money as quickly as possible. Steps taken to do this have included laying off or furloughing staff, reducing contractors and consultants, placing a freeze...