Human Resource Management
As with many aspects of COVID-19, the virus’s effect on the global workforce is still unknown. At the outset of shutdowns and stay-at-home orders, some industries were able to keep operating with minor process changes — others saw more bleak short-term projections. Between mid-February and mid-March, 870,000 U.S. workers lost their jobs. In April, the retail…
Read the full storyCOVID-19 has forced many companies to dive into remote work without any strategy in place. As companies look to an increasingly remote future, they must make changes to prepare their teams. The effects of remote work aren't just operational; they also affect company culture. Not only are teams struggling with an uncertain financial future, but…
Read the full storyThanks to COVID-19, the future of work has suddenly and unceremoniously become the present. Organizations that once prided themselves on their office space have gone entirely remote, and the contingent worker is now an integral part of the way work gets done. According to a recent Gartner survey, 32% of organizations have hired contingent workers to replace…
Read the full storyIncreasingly in the last decade businesses have prioritized diversity in the workplace as a business strategy that maximizes productivity, creativity and loyalty of employees while meeting the needs of their clients or customers. If a company is only as good as their employees, then it stands to reason that a great deal of energy should…
Read the full storyIn a contingent workforce program, front-end metrics like fill rate and bill rate provide a surface-level view of the partnership built by the program manager and vendor, but they don’t necessarily illustrate the long-term effectiveness of the union. Back-end metrics shed light on the big picture, giving insight into how effective your program truly is.…
Read the full storyFor many companies, relying on a contingent workforce to get tasks done is a relatively new phenomenon, a result of the growing gig economy. While this increasingly popular workforce mindset is beneficial to both workers and companies, it includes its own set of managerial challenges. A risk assessment can help solidify that approach by identifying…
Read the full storyThe coronavirus pandemic has been hard on small businesses. The virus and its fallout have caused more than 60% of small operations to lose revenue and about 40% to reduce employee hours to avoid layoffs, according to the Society for Human Resource Management (SHRM). With these factors working against small businesses, simultaneous efforts to make business- and…
Read the full storyCOVID-19 has thrown countless lives and industries into upheaval. It probably should come as no surprise that 83% of employers have modified their business practices in response to the coronavirus. These modifications may be little more than an inconvenience for larger companies, but it’s a different story for smaller businesses. On average, small businesses only have enough…
Read the full storyThe COVID-19 pandemic is sending shockwaves through the economy. As of late March, a Bain/Dynata weekly survey reported that nearly 60% of Americans had experienced cuts in pay or hours, layoffs, or closed their businesses because of the virus. The fallout of these losses creates an unprecedented situation for HR crisis management. Many businesses have transitioned their…
Read the full storyThe impacts of COVID-19 and the measures governments and organizations are taking to contain it right now are unprecedented. The hourly breaking news headlines of outbreaks and cancellations have our heads spinning and have kept the wellness of our families, friends, and co-workers top of mind. Organizations should follow CDC guidelines to keep their employees safe…
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