Coronavirus will likely cause a massive hiring slowdown - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Coronavirus will likely cause a massive hiring slowdown before the end of the first fiscal quarter, recruiting experts predict

Shares in the largest staffing firms lost about 20% in value over the last month due to coronavirus,Half of companies say coronavirus won't impact hiring beyond in-person interviews, according to a survey of 210 companies by recruitment non-profit

Job.com, which processes 2.5 million job postings a month, found no change in hiring or open positions in February from coronavirus. But that might be a "delayed reaction," said Arran Stewart, co-founder of Job.com. Kevin Grossman, an HR industry veteran and president of Talent Board, said the impact on hiring has so far been moderate and concentrated in Asia. As travel, hospitality, andcontinue to take hits from less consumer spending, Grossman predicted, hiring will slow and recruiting teams will get laid off.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Desmund_Egbe I'm already feeling that. NewYork problems. That's why I have a paywall up for my wrestling newsletter on SubstackInc for some stability. it'll be great to have a share & feedback on:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US gas prices expected to fall as coronavirus and failed OPEC talks send oil market reelingThe novel coronavirus outbreak and disagreements between OPEC caused global oil prices to plummet Monday, and experts say this could mean U.S. consumers are likely to see much lower prices at the gas pump. Not the way I had imagined would cause the gas prices to go down. Lower prices at the pump to stimulate sales and economy recovery. F*ck Russia AND Riyadh. US shale will survive. Guess what’s more contagious than the Coronavirus? Panic.
Source: ABC - 🏆 471. / 51 Read more »

Coronavirus wipes out British business confidence bounce: IoD surveyThe coronavirus outbreak has reversed a recent upturn in British business leader... pysops Brexit is another dumb issue like Trump. Is this Trumps fault?
Source: Reuters - 🏆 2. / 97 Read more »

7 Business Activities That May Change Forever As A Result Of The CoronavirusIt's clear that the coronavirus will impact business in the short-term, and it's likely to have lasting impact too.
Source: Forbes - 🏆 394. / 53 Read more »

Amazon is relaxing its time off policy for warehouse workers due to coronavirus - Business InsiderWarehouse staff also now have to clean their workstations and vehicles at the beginning and end of every shift Not gonna pay them, mind you … but at least they aren't going out of their way to punish them. How generous for one of the richest companies on earth to offer - in their magnanimous benificence - unpaid leave for being sick. All hail king bezos That’s y I cancel amazon prime
Source: BusinessInsider - 🏆 729. / 51 Read more »