What COVID can teach us about the benefits of HR done well

  • It is incumbent on HR leaders everywhere to learn from this crisis and understand and leverage the learnings for future growth and impact  
  • Hybrid work will continue and evolve, mental health will remain an important focus and good leadership that is adaptable and agile will be more important than ever. 
  • During the last 18 months we have seen HR professionals across the country and indeed the world, step up and lead their companies through this crisis. 

What COVID can teach us about the benefits of HR done well

In July 2020, the Bankwest Curtin Economics Centre published a research brief on the impact and response of business in Australia to COVID-19. Impact varied by business size and industry, with industries such as tourism, education & training, accommodation and food services significantly affected. By June 2020, 66 per cent of businesses reported a decrease in revenue compared to the same period 12 months earlier. 

In the two weeks from mid-March to 3 April 2020 the following workforce changes occurred in businesses with over 200 employees (similar responses were recorded across all business sizes): 

  • 70 per cent changed their workforce in some way 
  • 34 per cent temporarily reduced staff work hours 
  • 23 per cent of staff placed on paid leave 
  • 20 per cent of staff placed on unpaid leave 
  • 62 per cent changed staff work location (e.g. Working from home)

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