HENEGAR SLP 2

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MGT499 SLP 1 1 OPM300 SLP 2 Tyler A. Henegar Trident University International OPM300 Introduction to Operations Management Due Date: 5/21/23
MGT499 SLP 1 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
MGT499 SLP 1 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 (Admin, 2022). Pandemic Hiring Industry Trends The nursing industry has always been a difficult career field to predict hiring trends. COVID-19 continued to put a spin on the already existing challenge. Demands for nurses during the pandemic soared and the supply was limited. A lot of the nursing hires were travel nurses and were thought of to be temporary until the pandemic subsided. During the pandemic, a large staff of nurses was needed due to them being in close contact with the patients and becoming infected and quarantined for weeks at a time. A lot of permanent party nurses are still seeing the much better benefits travel nurses receive and are switching to the travel sector, leaving a huge void to fill for local hiring (Recruitics, n.d.). The insurance industry did not see a large influx of hiring. This was mainly because most employees were able to maintain their positions and conduct their work from home by teleworking. This showed a lot of higher leadership in the industry that teleworking might be accepted as the new norm in society. This industry had minimal impact on the workforce other than schedule changes. The nursing career field again had virtually no layoffs. The industry was in desperate need of nurses to wade through the unknown waters of what lay ahead in the pandemic. In insurance companies, the main trend was a massive schedule shift. There were smaller companies such as recreational activity insurance such as campers, boats, and RVs that took a
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