Survey Results: COVID-19 Impact on Hiring
During these tumultuous times, our team at The Talent Board has been focused on understanding and cataloguing the impact that COVID-19 is having on recruiting.
To do so, we’ve been administering bi-weekly surveys to learn how Talent Acquisition teams across the U.S. are being affected by COVID-19 and how they’re responding to the crisis.
This blog post will share some of the outcomes of our most recent survey. I’ll also share what we’ve seen Talent Acquisition teams focus on most when it comes to responding to the crisis from a Recruitment Marketing and employer brand perspective.
How COVID-19 has impacted hiring
What we found in our latest survey, which concluded on Friday, April 10, was that hiring has slowed down or paused altogether for many organizations. Seventy-four percent of our 140 respondents indicated that hiring is frozen or reduced in some way as a result of COVID-19.
We also had a small contingent of respondents (5%) report that their hiring was actually increasingly significantly. We suspect that this represents companies that are hiring for frontline and essential workers in healthcare, retail and supply chain roles.
In addition, 21% of companies are unfortunately moving in the opposite direction and rather than hiring are having to lay off or furlough employees. Another 16% haven’t had to reduce their employee base yet, but are considering if they will have to move in that direction.
Now that we understand what the hiring landscape looks like, let’s talk about how Talent Acquisition teams are responding to these hiring reductions.
How employers are responding to COVID-19 from a Recruitment Marketing standpoint
Communications and the candidate experience
What we found in our latest survey, which concluded on Friday, April 10, was that hiring has slowed down or paused altogether for many organizations. Seventy-four percent of…