May 19, 2020Read More
It’s no secret that we’re living in what feels like a state of constant uncertainty. As COVID-19 continues to spread across the United States and around the world, businesses are forced to shut down or pivot, leaving millions without jobs.
Nearly one-fifth of respondents to a March 17, 2020, poll said they had either had their hours cut or even lost their jobs. Economic forecasts by investment banks Goldmach Sachs and J.P Morgan lead experts to predict that this number will only increase as economic gears slow thanks to the halt of several industries. Prior to COVID-19’s impact in the United States, unemployment was at just 3.5%. Now, though, both banks’ economic forecasts point to a situation in which unemployment could jump to 8.7% before businesses are allowed to reopen. And it could get worse--much worse. In fact, according to the Federal Reserve, 67 million Americans are working in jobs at high risk of layoffs due to the pandemic. If even two-thirds of that number of Americans lost their jobs, we’d be looking at an unemployment rate above 30%--well above the Great Depression’s peak of 24.9%.
Despite these unnerving numbers, it’s not all bad news. Key industries, especially those essential to helping the nation cope with its new normal, are hiring swaths of workers to help them with higher demand related to the pandemic. Essential businesses are still open, and grocery stores are seeing more demand than ever as the population stocks up and prepares to eat most meals at home. Delivery services are also still operating and hiring, and software companies, specifically online work tools, are booming. In fact, many employers need contingent staff to help them through this time, and your former employees could be eligible for open roles in our hiring network.
To support companies and their workers during this unstable economic environment, we’ve decided to launch a new offering: Outplacement Talent Pools. This new offering will allow companies to support their former employees in finding work while also boosting hiring efforts for key employers in logistics, transportation, and other industries, especially those related to health care and medical supplies. If your operation has been forced to lay off employees during the COVID-19 outbreak, consider inviting them to join our new Outplacement Talent Pools, which all Crowdstaffing clients can access. Once in our Outplacement Talent Pool, candidates can be automatically matched to relevant positions thanks to our job matching algorithms.
The goal is to get as many people back to work as possible. And the best way to do that is by making candidate information available to as many of our existing and new clients that are hiring as quickly as possible, increasing their ability to hire and candidates’ ability to get paid work.
By inviting workers who’ve been displaced from their jobs due to the pandemic, you’re helping to build essential talent pools. As the economy picks back up, you’ll also have a ready database for re-engaging and hiring former employees. As we continue to adapt to the ways COVID-19 will impact the workforce, we want to support all members of the hiring process. Our platform is the perfect place for candidates and employers to connect.
Businesses that need to ramp up in order to meet peak demand during this time will not only have an expanded talent pool to pull from, but they’ll also be helping put struggling people back to work. We’d love for our Outplacement Talent Pools to be the first place you look for quality talent -- talent that’s pre-screened, and ready-to-hire.
Join us in building out this new type of shared talent pool, so we can get workers back to work quickly. If you are interested in participating or learning more, contact us.