9/9/2020 11:37:32 AM
Jobs after Coronavirus - where next?
Upsetting as it is, it's now very clear that coronavirus has had a devastating effect on our job market, and that it will continue to shape the way we operate, recruit and communicate - perhaps forever.
Although some industries will thrive, the above statement will be particularly true for certain industries where workers within them will lose their jobs and have extreme difficulties finding new ones.
For several months, the government ordered us to remain indoors to limit the spread of the coronavirus with large gatherings of people being expressly forbidden. As people slowly return to work, many companies are asking their employees to work from home and most of us are still not travelling, staying at hotels or attending events. This new culture of assessing the viability/appropriateness and acting within limitations is likely to ensure longterm.
When it comes to jobs, there are likely to be the winners and losers in this situation.
Winners & losers
Online companies that don't rely upon brick-and-mortar locations are likely to continue to flourish - we've all seen the healthy paychecks that Jeff Bezos of Amazon is getting lately. Enormous international companies with massive cashflow like Google, Apple and Microsoft also have the clout to weather the storm.
Online media such a streaming services like Netflix and Amazon Prime will continue to keep us all occupied, and video gaming will become more present in most families. Gaming can be a good substitute for sporting pursuits as many are so interactive that you can get those calories burned, and gaming also has a social function, both with vast online communities and amongst families and friendship groups.
The Financial Times said: “Tech companies are still hiring feverishly as they move to take advantage of a world shifting increasingly to digital as a result of the coronavirus, despite mass lay-offs elsewhere and growing concerns over plummeting global markets.”
Healthcare and pharmaceutical providers, supermarkets with a robust online shopping experience, and tech companies and services (Zoom is perhaps the most obvious here) all cater to people working from home and will therefore continue to do well.
For those working within these tech and online industries, there are jobs available and strong demands from some companies.
Amazon, for example, is hiring 100,000 workers due to overwhelming demand. As people are working from home and unable—or unwilling—to venture out of the house, Amazon is the natural go-to choice for shopping which is unfortunately directing funds away from small-to-midsize retailers.
High street retail
Department stores, malls and speciality retailers are losing business and as a consequence, jobs, as people are not leaving their homes. Debenhams comes to mind here.
Cuts in other industries are more savage. The travel industry that encompasses accommodation, airlines, events and hospitality are really suffering, with campaigns like #WeMakeEvents intending to highlight the support needed here, particularly in live entertainment. With the sudden cessation of business, companies in these areas have been compelled to reduce the workforce, and for the ones that remains, lots of them are having their hours or benefits cut.
Manufacturing is going to get hit hard too. General Motors, Ford and Fiat Chrysler in the US have all announced that they will suspend operations at their factories under pressure from unions over concerns about the safety of its members and with the demand dropping for vehicles. This move will affect all levels in the supply chain.
The same situation is being seen within the property industry. Prospective renters and buyers are more reluctant to enter homes to look around, and the owners are uncomfortable to allow strangers in who may be carriers. People are highly unlikely to make such a huge investment sight unseen, so the industry is slowing until these concerns ease.
Aside from homes, companies may evaluate their commercial premises if employees are going to be working from home for the long term, which will affect people whose job it is to sell such space.
We're here to help
It's difficult to talk about any of this positively. The entire planet has been rocked with such a huge global event and will take a long time to recover, if it ever does, in some sectors. If you are in between jobs, you may be finding it difficult to find a new one, but please get in touch today and we'll see what opportunities could be perfect for you!
If you have friends, family or loved ones worrying about work and income, please pass on our contact details. We can help them find work now, along with securing work for them once the virus passes.
This is a challenging time filled with uncertainty and anxiety but we have the capability, procedures, systems and technology to help.
If you think we can help, 📞 us
Colwyn Bay - 01492 517 602
Bangor - 01248 671 477
North-east Wales - 03333 235 900
S2 Recruitment - 03333 234 371