When the UK Prime Minister announced on the evening of Monday 23rd March that the country was to go into lockdown, daily life was unexpectedly altered in a way that has cost people their jobs, caused companies to file for bankruptcy, and everything to be put momentarily on pause.
The collective focus of the population has been forced towards the coronavirus pandemic, in some way, shape or form. Whether it’s reduced advertising revenues or forced cancellations of key events, companies in a wide range of industries are having to change their offering to maintain business.
Senior business leaders across the majority of companies have had to stop, reassess, and cut costs as they expect turbulent times ahead for revenue.
Whilst hiring activity amongst 100 of the U.K.’s top tech companies has fallen 31% in the last month, fintech scale-ups like TransferWise and digital bank Revolut don’t seem to be slowing down with 45 and 324 live vacancies respectively.
A remote-working approach for many has seen events go virtual, including our own, as we hosted Prolific North’s first webinar – ‘How to handle your PR in the midst of COVID-19’ in early April. Less-affected companies that are still hiring are having to do so remotely, which some consider a good opportunity to improve how we hire, analyse and retain employees.
