How Has the Employment Sector Been Affected by Covid?
The covid pandemic has had a significant impact on the employment sector. Many businesses have been forced to close their doors, resulting in mass layoffs and unemployment. The situation has been exacerbated by the fact that many industries have been hit hard by the pandemic, including hospitality, retail, and tourism. This has left many people scrambling to find new jobs or retrain for other industries. When there are changes to the global workplace, the employment sector is always forced to adapt with the times.
The government’s response to the pandemic has also played a large part in how the employment sector has had to adapt due to Covid. Many countries have implemented lockdown measures that have forced businesses to shut down or operate at reduced capacity. This has led to a reduction in demand for goods and services, and has put a strain on the employment sector. Of course, this has also caused damage to the financial profits of many businesses forcing some to make workers redundant due to not being able to afford wages, or replacing their established workforce with cheaper – often less experienced – alternatives to carry out the same roles. In more advanced roles, where employees cannot be replaced, some businesses have been forced to cut down on the total number of workers forcing those that retained their roles to work longer hours or undertake more tasks/responsibilities than they may be used to.
The Employment Sector
Overall, these changes have made many jobs far more competitive while also frequently being less desirable or no longer offering the benefits that were present pre-covid. With fewer companies looking to recruit, there are nowhere near as many opportunities on the market and there is every chance that you may be competing with someone far more experienced when going for a role.
Many of the businesses present within the employment sector function similarly to those within other industries and still need to retain their own profit margins while having enough staff to carry out their regular services. This means they are affected by the same issues as others and frequently need to make their own compromises to keep the doors open. We have seen many agencies within the employment sector be impacted by this – something that ends up forcing a large amount of additional work on the staff. Unfortunately, this can also lead to them being unable to offer the same quality of services when looking to assist in recruitment.
A key benefit that has come from covid within the employment sector is that of technology and automation. Many businesses have started using automated systems to handle their recruitment as an alternative to outsourcing the task to an agency or third-party source. Applicant tracking systems especially have seen a great spike in use with many companies still making use of these advanced recruitment systems even now as covid restrictions have been eased around the globe.
Contact Eploy for Applicant Tracking Systems (ATS)
Eploy's applicant tracking system is designed to help businesses streamline their hiring process. By offering a complete recruitment system that helps your team to work faster and smarter, our ATS can save businesses time and money, all whilst helping you to find the best candidates.
Get in touch with our specialist team at Eploy to find out how we can help you meet your recruitment goals.