Executive Confidence Grows In Job Security & Remote Work

Executive Confidence Grows In Job Security & Remote Work

After two months of altering our working states to accommodate the impending threat of the Coronavirus, sentiments are slowly starting to shift. By March 27, an estimated 16 million U.S. workers began working remotely as we practiced social distancing. That number has undoubtedly climbed even higher since. And with unemployment hitting a colossal rate of 14.7% in April, job security was far from guaranteed. However, there seems to be a light at the end of the tunnel according to the latest Workforce Report from LinkedIn. Let’s take a look.

Viewpoint On Remote Work

As COVID-19 started sweeping the nation, millions of workers across the country found their work lives completely overturned. Many leaders who were hesitant to allow working from home were suddenly mandated to evolve. And while it may have been uncomfortable and chaotic at first, things are actually starting to settle in. In fact, 55% of respondents to the survey now think their industry can be effective when people are working remotely.

And it’s not just employees who are adapting his mindset. “The crisis has shown that we can work in different ways,” Mondelez chief executive Dirk Van de Put told The Wall Street Journal this week. “Maybe we don’t need all the offices that we currently have around the world.” Google Executives announced work from home policies through the end of 2020, while Twitter CEO Jack Dorsey announced a permanent work from home option just this week.

Outlook From Senior Leadership

Upon the initial stay at home orders, many companies made swift and necessary moves to streamline. This, unfortunately, resulted in millions of layoffs or furloughs and left many Senior Leaders feeling downtrodden and questioning their job security.

However, the latest edition of the Workforce Report reflected a promising light for Senior Leadership. Overall confidence from this group saw a marked increase driven by higher scores in job security and financial outlook. This is most likely due to states slowly starting to reopen and developing plans for the new normal.

Head over to our blog for more up to date news on COVID-19 and how it’s affecting the job market!