Guest post by Kate Russell.
As rate of new novel coronavirus infections declines and we learn more about how to limit the spread of COVID-19, economies are beginning to reopen. This may enable businesses to begin a transition to a new normal.
While the rates of infection may fall, the global pandemic is expected to have lasting effects on businesses. More than four our of five firms—(81%) of businesses—believe that COVID-19 will change their operations for the long term.
In response to the pandemic, 87% of businesses have changed their recruiting and talent onboarding processes. These changes are likely to persist beyond a reopened economy, given the heightened concerns for health and safety.