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 in force.
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.