From Immediate Responses to Planning for the Reimagined Workplace: Human Capital Responses to COVID-19
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies. 

From Immediate Responses to Planning for the Reimagined Workplace: Human Capital Responses to COVID-19

/ Report

We expect that COVID-19 will have many lasting impacts on the world of work and human capital processes, and we wanted to capture what human capital professionals are thinking today as they look to the future. To gauge how organizations are reacting to the changing business environment in the context of their workforces, we conducted an online survey in April 2020 with more than 150 human capital executives, mostly in large companies. Our accompanying chartbook shares the survey findings about remote work and the cost-reduction actions that have already been taken, as well as HR priorities for the recovery phase.

We expect that COVID-19 will have many lasting impacts on the world of work and human capital processes, and we wanted to capture what human capital professionals are thinking today as they look to the future. To gauge how organizations are reacting to the changing business environment in the context of their workforces, we conducted an online survey in April 2020 with more than 150 human capital executives, mostly in large companies. Our accompanying chartbook shares the survey findings about remote work and the cost-reduction actions that have already been taken, as well as HR priorities for the recovery phase.

Executive Summary

As a result of COVID-19, US organizations had to respond quickly in February and March 2020 to protect the health and safety of their workers. Many organizations immediately required their knowledge workers to work remotely and laid off or furloughed some workers. Many others have had to close their businesses at least temporarily.

The April 2020 Jobs Report from the US Bureau of Labor Statistics shows that the unemployment rate jumped to 14.7 percent, possibly putting the US in the deepest recession since the Great Depression. The report also shows a staggering loss of 20.5 million jobs, the largest monthly loss in recorded history. If this crisis is similar to those in the past, we can expect it to have a long-lasting impact on the economy and businesses. While many busin

This publication is only available to Members. Please sign in to your myTCBTM account to access it. To learn more about becoming a Member, click here. To check if your company is a Member, click here
 

Keep my computer signed in

 

By Clicking 'Create Account',
You Agree To Our Terms Of Use

Members of The Conference Board get exclusive access to Trusted Insights for What’s AheadTM through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.

Authors

Other Related Resources

hubCircleImage