Starting salaries for newly minted college graduates are lower almost across the board as a result of the economic fallout from Covid-19.
However, some entry-level positions in tech still pay near six figures, according to new data from Glassdoor.
Some entry-level job offers and internship opportunities are being rescinded, another survey found.
Those armed with a newly minted college diploma are entering the worst U.S. job market in modern history, with unemployment spiking to levels not seen since the Great Depression.
The office is critical now for engagement, innovation and experience–and cannot go away.
We’re in the midst of the most significant reinvention of work in our time. We’ve proven people can work anywhere and the greatest social experiment—sending everyone home to do their work—has decimated barriers to working away from the office.
Some contend people are working with a reasonable level of productivity from home. And this is during arguably the worst-case situation for remote work: Being forced to work from home without choice, experiencing stress about the pandemic, sharing space with spouses or partners who are furloughed or also trying to work from home and finding time to educate children who would normally be at school—all of these create challenging conditions. Even so, people are getting work done—and could probably perform even better from home when the coronavirus abates, children go back to school and employees can return to a more typical way of life.
Remote working has meant many people are skipping their morning commute.
COVID-19 has lead to more and more employees working from home.
98% of people surveyed said they would like the option to work remotely for the rest of their careers.
But not everything is positive, with workers finding the biggest challenge is ‘unplugging’ from work.
According to the U.S. Census Bureau, nearly one-third of the U.S. workforce, and half of all “information workers”, are able to work from home. Though the number of people working partially or fully remote has been on the rise for years now, the COVID-19 pandemic may have pressed the fast-forward button on this trend.
With millions of people taking part in this work-from-home experiment, it’s worth asking the question – how do people and companies actually feel about working from home?
A OneLogin survey covered how employees are using work devices for a variety of other things.
The transition to working from home has been rocky for millions of people as they adjust to transitioning workplace policies into the privacy of their own home. According to a new report from cybersecurity firm OneLogin, people are using work devices for much more than work, even after they’ve had accounts or passwords compromised.
The company’s 2020 COVID-19 State of Remote Work Survey Report features a global survey of 5,000 employees who started working remotely since the outbreak of COVID-19.
Of those surveyed, 30% have had a corporate device breached and only 10% changed the password afterwards. Half of organizations globally have not established cybersecurity guidelines regarding remote work according to the survey and US remote employees use work devices to access adult entertainment sites more than any other country.
Half of UK respondents had not changed their home Wi-Fi password in the last two years, compared with 36% overall, and 25% never changed their password while 45% of US workers have given their work passwords to their child or spouse, compared to 13% in the UK and 9% in France.
Amid the horrifying loss of jobs brought on by the Covid-19 pandemic, there has been one countervailing force: an urgent demand for medical and technology professionals to return to work from retirement or a career break.
Returning physicians and nurses, along with technologists proficient in the “ancient” COBOL coding language that many states still use in processing unemployment claims, are helping society — and this has put these “relaunching” professionals in the spotlight. More than ever before, they are being embraced and brought back to work as fast as they can make themselves available.
More moms are working from home than ever before in history. Without child care and school, it’s been a struggle. But many are also realizing that pursuing their careers while being present with their kids has its benefits, too.
Prior to the COVID-19 pandemic, this was rare: An estimated 7% of employers offered permanent work-from-home options. Today, mid-crisis, that number has exploded to 57%. While the transition was ugly and disruptive, employers are now warming up to the idea, and some are making work-from-home options permanent.
On a large scale, this shift would have dramatic impacts on the economy, the workforce, real estate, the environment, and more. It would also be a game changer for working moms.
Twitter, Facebook among companies that will allow employees to work remotely moving forward
Coronavirus causes ‘big movement’ out of New York City: Moving company president
Roadway Moving President Ross Sapir says more people are leaving New York City for nearby states or southern states, like Florida and Texas.
Coronavirus-related work-from-home policies at the country’s biggest technology companies appear to have caused an exodus from Silicon Valley, which has sent rent prices in San Francisco plummeting.
Rents for a one-bedroom apartment in the major metro area were down 9.2 percent in June when compared with the same period last year, according to data from rental site Zumper. That is the largest decline since at least 2015 and brings the price point ($3,360) down to where it was three years ago.
In the U.S. overall, one-bedroom rents fell by just 0.2 percent. No other major metro city’s data came close to the decrease in San Francisco.
Ten weeks ago, Jesse Damiani, writing on Forbes.com, told the story of a college professor who turned his course about XR into a research project about remote collaboration and virtual conferences.
“This semester, Chapman University offered an experimental class called “Landscape of Emerging Media” through Dodge College, Chapman’s school for film and media studies. Taught by Charlie Fink, it was intended to introduce students to the XR industry, including conversations with entrepreneurs, pioneers, and artists. (Disclosure: Fink is also a Forbes Contributor).
Then, the Coronavirus pandemic struck, forcing universities nationwide to reimagine how courses would be taught—namely, to bring course instruction into an online format. But where most of these courses rely on video-conferencing through platforms like Zoom, Fink used the premise of the course to address the needs of the moment.
The CEO of Skylum notes that we will now understand how things can work when people are purely focused on productivity and communication, and that is going to change everything.
To say the coronavirus has had an impact on the way the world “works” would be an understatement.
In a matter of weeks, we’ve gone from a society that sees remote work as a luxury, or even a “freelancer lifestyle,” to realizing the vast majority of jobs today can be done from home. Companies that hadn’t moved the majority of their assets to the cloud are now doing so at a rapid rate. Video calls have gone from being a suboptimal alternative to a core function of the way we communicate. The list goes on and on—and the impact is here to stay.
Over the past few weeks, we’ve noticed several shifts in our company, Skylum, as more than 100 of us around the world have adjusted to the new rules of society.
Many have never worked from home before, which comes with a unique learning curve. Many have never had the opportunity to connect and collaborate with other employees who work out of offices on different continents—which is now easier since everyone is “remote.” Many have also never viewed their job descriptions through the lens of being quarantined, where tasks left unfinished become more obvious to the rest of the group (in an office setting it’s easier to appear “busy”).
Working from the office could become a relic of the past in the post-COVID-19 world.
Millions of people around the world have been working remotely due to the coronavirus pandemic and now experts are asking whether this “business as unusual” could be the future of work, at least for those people whose job doesn’t require them to be tied to a particular location.
UN News spoke to Susan Hayter, a Senior Technical Adviser on the Future of Work at the Geneva-based International Labour Organization, about how COVID-19 could change our working lives.
A few large companies have said employees need not commute to work again Susan Hayter, Senior Technical Adviser on the Future of Work, ILO
What are the longer-term effects of the pandemic on the workplace in developed countries, once the immediate crisis is over?
Can we foster the same work culture and communication standards through a video chat?
In the midst of the ongoing pandemic, there is an awakening among CEOs that employees are capable of doing work and being productive from home.
This week, Twitter announced that employees can work from home indefinitely, becoming the first big tech company to make such an open-ended switch in policy. Twitter, the service, was buzzing, with many investors and pundits calling it the end of the office space as we know it.
For the last five years, there’s been an increasing chorus of engineers, designers and professionals claiming that remote work is the future.
I’ve been working from home on and off for the last two decades. I find I can be more productive for some types of work and have more time to exercise, cook and be with the family when I’m working from home. On the flip side, activities that need high-bandwidth collaboration and communication are harder. Certain aspects of team and company building are also much harder to achieve.
Whether the economic impact of the coronavirus caused you to be furloughed or limited your income, you might wonder what you can do now to prepare for a post-coronavirus job market. Global pandemic aside and regardless of a recession, it’s always a good idea to build resiliency into your career to safeguard yourself when faced with disruptions in the job market. Here are ways you can prepare for a post-coronavirus market.
