How to prepare for the oncoming wave of applications

Fintec Buzz05 Aug, 2020Business

The novel coronavirus set off an economic chain reaction, as more than 40 million Americans have filed for unemployment since the pandemic began. While the restaurant, retail, and hospitality industries were hit hardest in the initial wave of job losses, Bloomberg Economics projects that white-collar support staff could see their jobs at risk in a second wave. A prolonged recession is likely, but many companies that furloughed or laid workers off earlier in the spring are beginning to rehire. As states ease restrictions and allow consumers back into restaurants, malls and salons, the need for hourly workers will rebound and hiring managers need to prepare for a massive influx of new applicants.