Coronavirus is everywhere you look, everywhere you feel. It has changed the way how we think about our lives now and how we think our future would be. Life has been taken over by this pandemic wherein our thoughts have been bullied by this catastrophe which will take probably months or sadly some years to get over with.
As soon as Coronavirus from an outbreak to a full-blown global pandemic. The general public and various institutions edged towards confining themselves to their homes and this has already spelled trouble for businesses and institutions across all sectors.
The vast majority of businesses will be impacted by the dramatic changes in the economic situation, and they will move towards utilizing virtual and remote work tools, relying majorly on technology for carrying out their operations. Because of this ongoing pandemic, there is no doubt that many industries will be are harmed and people working in those industries will lose their jobs.
The coronavirus epidemic is putting up to 60 million jobs in the global tourism sector at risk, with travel likely to slump by 80% this year.
The tourism industry currently accounts for 10% of global GDP. The tourism sector, like no other economic activity with social impact, is based on interaction amongst people. The coronavirus epidemic is putting up to 60 million jobs in the global tourism sector at risk, with travel likely to slump by 80% this year. Once the outbreak is over, it could take up to a year for the industry to recover. There is a glimmer of hope for the tourism sector though as it is hypersensitive to fluctuations in the economy, it also means it may recover faster than the other sectors.
Sectors like E-commerce, Healthcare, and e-logistic are likely to benefit from this pandemic
There are some industries though that will gain from this disease which include Internet/e-commerce, distribution/logistics and software development. Companies involved in the above-mentioned sectors will look to add more employees to meet the demand of people restricted to their homes. Online retailers will have to fulfill order delivery and grocery delivery services will add more employees. Technology companies and services such as Microsoft, Zoom will be hiring more with a rapid rise in platform users. Even the companies which support gaming, e-learning and online distance-learning courses will also recruit more people.
COVID-19 is a massive issue and it is inevitable that it will affect the recruitment industry in different ways. However, there are certain ways we can ease the impact, such as utilizing online communication tools in the recruitment process and encouraging companies to underline the benefits of working for their organization, including, where possible, flexible working. The recruiters that weather the Coronavirus storm will be those that adapt as the situation unfolds.