The 2020 pandemic, even with its devastation and the enormous changes it has wrought, is a finite event. In its wake will come an economy on the rebound and companies scrambling to hire the talent they need.
Businesses don’t have to wait for restrictions to lift or for the advent of a COVID-19 vaccine. By building a strong talent pipeline now, an organization can ensure it has the talent it needs when it’s time to hire. Choosing the right technology can help build that pipeline.
Hiring and the State of Recovery
Some companies have responded to recent events by pushing for more talent, rather than by scaling back. Lockheed Martin, for example, sought 5,000 new hires nationwide in the early months of the pandemic, according to executive chairman Marillyn Hewson.
Some industries have also increased hiring because their work is essential to managing and eventually defeating the coronavirus. Life sciences companies were among those who sought more talent during this time, as demand for pharmaceuticals, testing, and vaccines rose sharply, writes Karla Talanian, director of talent and workforce development at MassBioEd Foundation.
Others significantly reduced hiring. Overall, available jobs decreased during the pandemic. The U.S. Bureau of Labor Statistics reported