Influence of COVID-19 on the labor market

As a result of the COVID-19 pandemic, an estimated 2.7 billion people, or more than four out of five workers in the global workforce, have been affected by lockdowns and stay at home measures

In 2020 the global unemployment rate increased by 1.1 percentage points to 6.5 percent. Most low- and mediumskilled workers lost their jobs in comparison to high-skilled workers

Business and government leaders have been challenged to both respond to the crisis quickly and rethink their workforce strategies in real time

Past year proved that, when faced with an unprecedented crisis, organizations and workers are capable of tremendous resilience

Key Takeaways

About This Report

Be vigilant about capturing workers' potential in datadriven ways in order to draw on capabilities in a moment's notice

Tapping into the entire talent ecosystem to align capabilities with your most pressing organizational needs

Translating values into action by communicating and measuring short- and long-term strategies and progress against economic and societal goals

About the Publisher

Published by Deloitte

Publish Date

November 2021