HENEGAR SLP 1

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OPM300 SLP 2 1 OPM300 SLP 2 Tyler A. Henegar Trident University International OPM300 Introduction to Operations Management Due Date: 5/21/23

OPM300 SLP 2 2 Introduction The COVID-19 pandemic has had a profound impact on the global job market, reshaping hiring trends across various industries. While some sectors experienced significant setbacks and layoffs, others witnessed an unprecedented surge in demand and employment opportunities. Industries such as healthcare, e-commerce, technology, and remote work solutions saw a rapid increase in hiring, driven by the need for essential services and digital transformation. Furthermore, the pandemic accelerated the adoption of remote work, prompting companies to prioritize skills such as adaptability, digital literacy, and remote collaboration when seeking new talent. 2020 Labor Force Trends The pandemic hit a lot of companies hard, however, e-commerce and healthcare skyrocketed. One of the biggest reasons is the lockdown. When people were forced to stay at home, this caused a massive surge of people ordering things online, from companies such as Amazon. This was a huge win. Another industry that saw major boosts in the labor force was healthcare. When COVID- 19 kicked off, there were massive spikes in hospitalizations and other healthcare needs. Hospital vacancies for respiratory therapists and nurses surged by 30%. This caused a lot of hospitals to hire temporary travel nurses to fill voids in states with higher case rates. Ultimately the healthcare labor force boomed and has slowly trickled back down in recent days, as things return to normal (Ready, 2023). The insurance industry was an industry that drew the short straw with COVID-19. Workers and employees were forced to reevaluate and revise their workplace expectations. While

OPM300 SLP 2 3 not the worst career field to be in, such as airliners and casinos, there was still a fair amount of adapting in this industry. The insurance workforce made a shift, like most, to teleworking and in- person hybrid-like schedules. Conclusion In conclusion, the pandemic has significantly impacted hiring trends in various industries. Many sectors, such as healthcare, pharmaceuticals, and technology, experienced a surge in demand for skilled professionals. Remote work and digital transformation became prevalent, leading to an increased need for professionals with virtual collaboration and digital skills. On the other hand, industries heavily affected by restrictions and reduced consumer demand, such as hospitality and tourism, faced challenges in hiring and had to adapt their recruitment strategies. As the world emerges from the pandemic, hiring trends are expected to continue evolving, with a greater emphasis on flexibility, remote work capabilities, and the integration of technology in various sectors.

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OPM300 SLP 2 4 References: Admin. (2022, May 4). How COVID-19 has Changed the Insurance Industry: Property and Casualty. Trout CPA. https://www.troutcpa.com/blog/how-covid-19-has-changed-the- insurance-industry-property-and-casualty Ready, T. (2023, March 6). Long COVID Takes Toll on Already Stretched Health Care Workforce. WebMD. https://www.webmd.com/covid/news/20230306/long-covid-takes- toll-on-health-care-system#:~:text=At%20hospitals%2C%20vacancies%20for %20nurses,nurses%2C%20according%20to%20the%20AHA.3

OPM300 SLP 2 5

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