Rising unemployment numbers and small business shutdowns have captured their fair share of headlines during the pandemic, yet a majority of companies have done some hiring since the coronavirus outbreak began.
While companies have faced a multitude of challenges in the last few months — such as keeping employees safe and finding ways to interact with customers while practicing social distancing — 60% of businesses have hired at least one new employee, according to a survey of employees and human resources professionals by The Manifest, a small business website.
However, the survey suggests that companies may have to be proactive about meeting employees’ needs to ensure they stick around.
Hiring happening for the long term during the pandemic
The pandemic has forced many businesses to retool, with some investing in infrastructure and other resources to help their businesses weather the storm. Bringing in new workers is one way that some companies are doing that. In fact, nearly half of the businesses surveyed that have hired employees during the pandemic — 46% — said they have added 10 or more new workers.
For the most part, these new hires aren’t being brought in just for the short-term. Of the HR professionals surveyed:
61% said they expect newly hired employees to remain at the company for at least two years
20% said new employees would likely stick around one to two years
19% expect new employees to stay with the company for one year or less
With news reports broadcasting that many companies are anticipating layoffs in the months ahead as a result of the pandemic, some employees may be reluctant to leave their current jobs in search of greener pastures if they already have a job secured. To that point, only 3% of companies surveyed said they expect more than one-third of their workers to leave in the next 12 months.
Employers must address employee concerns to keep them around
Though employees may be looking to their employers as a source of economic stability in the months ahead, the survey suggests that employee dissatisfaction may prompt some to leave their jobs.
The workforce has seen a dramatic shift to remote working since the pandemic began. Some companies are even considering having employees work remotely after the pandemic ends. However, not all employees have embraced the shift. In fact, an earlier survey found that 55% were working longer hours during the pandemic, which could make it difficult to balance professional responsibilities with parenting and other personal obligations.
The Manifest survey underscored how important it is for employers to help their workers achieve and maintain work-life balance. Among the HR professionals surveyed, more than one-third — 37% — said they believe some employees will leave the company within the next year because of their inability to find balance in their personal and professional lives.
Methodology: The Manifest surveyed 234 employees in August 2020, as well as 505 human resources managers. The employees polled represented all areas of the country, with 34% from the South, 29% from the Midwest, 22% from the West and 14% from the Northeast. Among the HR representatives surveyed, 35% were from the South, 24% from the Midwest, 19% from the West and 18% from the Northeast.