Chernishev Maksim | Dreamstime.com
Remote Work Chernishev Maksim 5ed933d69de18 5f285c298470b
Remote Work Chernishev Maksim 5ed933d69de18 5f285c298470b
Remote Work Chernishev Maksim 5ed933d69de18 5f285c298470b
Remote Work Chernishev Maksim 5ed933d69de18 5f285c298470b
Remote Work Chernishev Maksim 5ed933d69de18 5f285c298470b

Study Shows Temp, Contract Workforce to Grow

Aug. 4, 2020
Fewer permanent positions could make it challenging for the safety professional when it comes to ensuring workplace safety.

Both the makeup and structure of the workforce has dramatically changed as companies figure out how to operate in a world affected by COVID-19. While some changes are temporary, others look to be permanent.

In a new survey conducted by the Conference Board of 1,300  CEOs and C-Suite executives, the consensus is that companies will be using more contract and gig workers and fewer permanent staff.

Additionally, more flexible hours will part of a company’s strategy to adapt to new working arrangements. Remote working will continue and, in many cases, become permanent. 

Looking at how work will be structured, survey respondents predict creating agile project teams to redefine how work gets done.

All of these changes will create leaner organizations, which will be a legacy of the pandemic. 

As for when revenue will return to pre-pandemic levels, survey respondents predict that won’t happen within the next year. More than 40% predict a U-shaped recovery, with more sustainable growth resuming by Q4 2020. About a third expect an L-shaped recovery, with sustained growth resuming only in late 2021.

Executives also say they will accelerate their digital transformation plans and rethink business models. However,  executives aren't all that worried about their supply chains. Only 10% see supply chain restructuring as a significant long-term impact.

“In the short term, preparing for growth and recovery will require finding the right balance between conserving cash and investing in the innovations needed to succeed in a new commercial landscape – the next normal, if you will,” said Chuck Mitchell, a report author and Director of Knowledge, Content, and Quality at The Conference Board

Sponsored Recommendations

3 Essential Elements for a Strong Safety Culture

March 13, 2024
Organizations globally have increased their attention on safety culture: trying to figure out what it really is and the aspects that are necessary to develop and sustain it. And...

Making the Case for Occupational Health Software

March 13, 2024
Deciding to invest in Occupational Health (OH) software can be a challenging leap for many organizations. This article will equip businesses with insightful strategies for effectively...

Fighting the Flu: Solutions for the Workplace

March 13, 2024
Seasonal flu continues to wreak considerable havoc both on individual wellness, as well as on our business continuity and productivity. Explore these solutions for protecting ...

Preventing SIFs with Digitization: Reduce Serious Injuries and Fatalities with Technology

March 13, 2024
This eBook discusses the origins of SIF prevention, outlines principles, models and tools available to EHS leaders to better detect and address SIF potential in their business...

Voice your opinion!

To join the conversation, and become an exclusive member of EHS Today, create an account today!