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Home / Blog / How Is Coronavirus Transforming the Workforce?

How Is Coronavirus Transforming the Workforce?

29 Apr 2020

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Transforming the Workforce

How Is Coronavirus Transforming the Workforce?

Covid-19 is passing shock waves due to the unexpected entrance. It has totally changed the way of working of people. Want to know how it will affect our work culture and future, continue to read.

The Coronavirus that marks its origin from China is accelerating the workplace transformation since we begin working. How we work, shop, exercise, communicate, learn, and work, all is changing and will continue to change forever.

Only a few weeks after the emergence of Covid-19, the government imposed strict actions to shut down bars, shops, restaurants, and gyms. As an impact of Coronavirus, 88% of the employees started working from home, despite they are or not showing any coronavirus symptoms. Hiring also freezes, and the economy also suffered.

After reading all these perspectives related to Coronavirus, the question that comes in mind is: what will be the impact of this massive transformation on the workplace, your team, your organization, and you? This article briefs down the top three findings on the implication of how this contagious and deadly virus will accelerate the future and transform work life in the remaining 2020 and beyond.

Ramp up Investment and Training in Remote Working

Companies all over the world are dealing with this pandemic by encouraging or mandating their workforce to work from home. Working from home is presently the new normal for the employers due to the spread of the deadly virus. You must be thinking about how organizations are managing one of the most significant and riskiest work from home experiment ever. According to research, almost every company is providing training to its employees to deal with remote working.

The future worker wellbeing is the future of work

Forbes added a column in which it mentioned how companies should concentrate on their future work. The work is usually consumed by impending job disruptions, automation processes, and changing workforce demographics. Although these points are significant, worker wellbeing is also a dignity that we cannot ignore.

Today more than anything else, the worker's wellbeing future is the future of the work. With the massive digital economy growth, now our way of working is "always-on." We are now able to manage stresses in work-life integration. Assisting workers and their wellbeing is now the most crucial aspect due to Coronavirus.

Wellbeing Strategy Leader, PwC, Cecilia Tse, says, "We are committed to helping build our people's wellbeing, and we define this to include their physical, emotional, mental, and spiritual wellbeing. But we are going beyond viewing wellbeing as a perk; we are prescriptive to provide our people guidance and suggestions for habits they can consider forming in each of these areas on our PwC Be well, work well Habit Bank." As the workforce is experiencing anxiety in dealing with the Covid-19, the above statement by Wellbeing Strategy Leader, focuses on the worker health and consider it the most important and above of all.

Time To Re-Define Your Business As Coronavirus Opportunity

We are forced to shift the way we live and work due to Coronavirus. We are on the way of accelerating the fourth industrial revolution that is fueled by smart and latest technologies like mobile supercomputing and Artificial Intelligence.

Many surveys stated that Coronavirus impacts could turn out to be an opportunity for re-thinking assumptions. These assumptions could be on anything, including services, products, and business models. Creating new products and cross-training can also be prepared for the next epidemic like the one we are going through.

Professionals see the coronavirus side-effects positively and as an accelerator, which will define the roles of the remote working, corporation, skill-based hiring, re-skilling, and the transformation of corporate learning.

Numerous examples have been seen in the past few weeks in context to how Covid-19 is transforming the workforce.

  1. As announced by Microsoft, they will continue to pay the hourly workers who provide their endless services during this challenging time of reduced service needs.
  2. Starbucks has extended its mental health benefits by identifying the anxiety of this global emergency. It has also extended its therapy sessions for all the employees and their eligible family members based in the U.S. this offer has started from April 6th, 2020.

StopTheSpread.org, the blog on Medium asks CEOs of numerous organizations to stand together and support coronavirus speedy recovery by funding healthcare needs such as hospital supplies, respirators, and ventilators.

Remote Working Will be in demand after the Coronavirus

As estimated by Global Workplace Analytics and FlexJobs in 2017, the number of employees working remotely increased to 159% in 2005-2017, with a sudden increase in the 44% growth rate in the past five years spans.

This is just the start of new work. Work from home is here to stay for a long. After the Coronavirus, the companies, managers, and employees are more comfortable with work from home options. The transformation is so impactful that everyone (employees, employers) will question it necessary to board a flight for a meeting if we can communicate using Zoom on a new project. Now we will focus more on results. Face time will soon, no longer be the measure workforce productivity. With the advantages of tapping into an ethnically and geographically diverse managers, the talent pool will keep on exploring hoe remote working can become part of their work culture.

Skills-based Hiring: The New Normal to The Normal

Companies will switch from hiring based on the degree to hire based on the skills. There will be a demand for more internship jobs. The organization may have a deal with many challenges before, but put there are many recovery plans to discover for the post-Covid recovery. Digitizing their talent value chain and transforming their talent models will be a big focus area.

Welcome to the new healthy life of work.

We need to see many other possibilities, challenging our perceptions and lead disruption of work as business leaders. Its high-time to show how we can lead in this crisis as we are about to navigate the unprecedented journey in the coming months.

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