How is the coronavirus impacting businesses and hiring?
Summary
What email marketers say9Marketer opinions
Email marketer from Forbes explains that small businesses are particularly vulnerable, facing revenue declines and potential closure due to reduced customer traffic and enforced shutdowns.
Email marketer from LinkedIn shares the pandemic shifted the skills in demand, with a greater need for remote work skills, digital literacy, and adaptability.
Email marketer from McKinsey explains that the pandemic caused significant supply chain disruptions, forcing businesses to rethink their sourcing strategies and build resilience.
Email marketer from Reddit explains the pandemic accelerated the shift to remote work, impacting commercial real estate and creating new challenges for managing distributed teams.
Email marketer from SHRM shares the pandemic has highlighted the importance of employee mental health, with companies offering more resources and support to address stress and anxiety.
Marketer from Email Geeks shares from Seattle, his older kid is home for at least five weeks and they expect all schools/day cares to close soon. They are announcing today no events with more then 250 people. With Amazon and Microsoft all work from home (and anyone else who can), it's all just getting weird...
Email marketer from SHRM explains that COVID-19 continues to impact businesses through absenteeism, supply chain disruptions, and changing consumer demand.
Email marketer from World Economic Forum discusses that the pandemic has accelerated job displacement, particularly in sectors like retail and hospitality, requiring workers to reskill for new roles.
Email marketer from The Guardian shares many companies, including airlines and hospitality businesses, have implemented hiring freezes due to the pandemic's economic uncertainty.
What the experts say3Expert opinions
Expert from Email Geeks suggests asking local, independent restaurants or bars if they offer gift certificates to support them during the economic downturn.
Expert from Word to the Wise explains that deliverability is being impacted due to staff working from home as IP addresses will change which might trigger spam filters. Therefore its important to check allow lists.
Expert from Email Geeks shares she lost her first client due to corona because their company shut down all hiring, including consultants.
What the documentation says5Technical articles
Documentation from U.S. Bureau of Labor Statistics explains that unemployment rates surged during the pandemic, particularly in industries heavily affected by lockdowns and social distancing measures.
Documentation from IMF answers shares the pandemic led to a severe contraction in the global economy, impacting international trade, investment, and tourism.
Documentation from National Law Review describes that the pandemic resulted in changes to labor and employment laws, including provisions for paid sick leave and unemployment benefits.
Documentation from Congressional Research Service explains that the government implemented various aid programs, such as the Paycheck Protection Program (PPP), to support businesses and workers affected by the pandemic.
Documentation from Centers for Disease Control and Prevention shares that the pandemic led to new workplace safety guidelines, including mask mandates, social distancing protocols, and enhanced cleaning procedures.