With millions of employees out of work—furloughed, laid off,
or otherwise—and more bad news expected in the coming weeks, we asked HR
leaders what they and their organizations are considering.
Nearly half (45%) said their organizations are planning to
redeploy or reallocate existing employees, with 39% preparing for furloughs and
35% for layoffs. A quarter say their organizations are preparing for reductions
These numbers aren’t exclusive—many organizations are likely
looking at a combination of these approaches to weather the economic impact of
the COVID-19 coronavirus pandemic.
For more resources and research to help
you and your HR leadership team make critical decisions, visit i4cp’s Coronavirus
Employer Resource Center.