Ten insights from the first survey:
Generally, the picture looks very bleak with almost all of the companies implementing some drastic measures to make sure their business makes it through the COVID-19 crisis.
A positive trend is the large number of companies upskilling their colleagues, so they have the opportunity to take on new roles.
We did expect that the outlook to be more positive given the range and depth of the government measures put in place. However, involuntary redundancy only dropped by 1% and recruitment freeze jumped by 10% for those companies that participated in the survey past the government announcements.
As expected, the hospitality industry has been the hardest hit with 91% of companies implementing a wide range of drastic measures
It is great to see that 81% of companies are still providing full pay even if colleagues are unable to work on premises or at home.
Around 70% of companies have stated that there are no plans to cancel or defer bonus payments.
The vast majority of companies are not using their current absence policy to manage the crisis. Companies are putting in place measures that best support their business and colleagues regardless of current policy/process.
Great to see that the majority of companies are providing training for colleagues on how best to work from home and for managers on how to stay engaged with their teams.
The majority of companies had no business continuity plan in place should a pandemic occur. Most of the companies who did have a plan stated that it had a positive impact on their business as they were able to mobilise quickly.
The majority of companies are communicating on a daily basis, but this may become less frequent as the business and crisis becomes less volatile.
About HR DataHub
HR DataHub is an external HR Benchmarking platform. Designed to be simple to use and fully customisable to get the data you need. Access almost 200 metrics covering every area of HR. Membership of over 400 companies representing 4m+ employees in the UK.
Three months free access is available to companies to help them through the crisis.
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