An analysis by the global freelancing platform Upwork indicates the shift to work-from-home engendered by the coronavirus pandemic has gone much more smoothly than could have been expected and resulted in increased productivity. In a blog post, Upwork chief economist Adam Ozimek said the analysis found about half the U.S. workforce is working from home, up from nearly 9.5% in 2010 and about 13.2% just before the pandemic hit. "The impact of COVID-19 on the way that we work arguably represents the most drastic and rapid shift to the global workforce that we have seen since World War II. In a matter of weeks, America's social distancing practices and rapid economic shutdown have pushed large swaths of the workforce out of the office and into the home," Ozimek said. The shift has implications for the commercial real estate market and downtown business districts dependent on officeworkers.
The Coronavirus has drastically reshaped the economy and the labor force. Since its rapid spread around the globe, we have experienced titanic shifts in how we work, where we work, and the technologies we use to stay connected. Such massive change is escalating the importance of HR's role within organizations. Workers are turning to their managers and their HR leaders, in particular, for guidance on how to navigate their "new normal" -- research indicates that 73% of workers depend on their employer for support in preparing for the future of work. Just as CFOs have greatly increased their scope since the 2008 financial crisis, CHRO's now have that same opportunity to become central C-suite players.
Over twenty two million Americans lost their jobs in a little less than a month due to COVID 19. It took the Great Depression more than four years to achieve an equivalent level of unemployment. Millions of freelancers around the world have also lost critical project and consulting work; many clients have closed up shop. Gigsters have struggled to make a living as companies focus on conserving cash, reducing non-essential expense, and planning for an uncertain post COVID 19 world. What freelance skills / professional specialties are likely to be most in demand on your platform as the global economy begins to emerge out of COVID 19?