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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

About the Author

EHS Today Staff

EHS Today's editorial staff includes:

Dave Blanchard, Editor-in-Chief: During his career Dave has led the editorial management of many of Endeavor Business Media's best-known brands, including IndustryWeekEHS Today, Material Handling & LogisticsLogistics Today, Supply Chain Technology News, and Business Finance. In addition, he serves as senior content director of the annual Safety Leadership Conference. With over 30 years of B2B media experience, Dave literally wrote the book on supply chain management, Supply Chain Management Best Practices (John Wiley & Sons, 2021), which has been translated into several languages and is currently in its third edition. He is a frequent speaker and moderator at major trade shows and conferences, and has won numerous awards for writing and editing. He is a voting member of the jury of the Logistics Hall of Fame, and is a graduate of Northern Illinois University.

Adrienne Selko, Senior Editor: In addition to her roles with EHS Today and the Safety Leadership Conference, Adrienne is also a senior editor at IndustryWeek and has written about many topics, with her current focus on workforce development strategies. She is also a senior editor at Material Handling & Logistics. Previously she was in corporate communications at a medical manufacturing company as well as a large regional bank. She is the author of Do I Have to Wear Garlic Around My Neck?, which made the Cleveland Plain Dealer's best sellers list.

Nicole Stempak, Managing Editor:  Nicole Stempak is managing editor of EHS Today and conference content manager of the Safety Leadership Conference.

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