HP COVID-19: Shaping Work

UNEMPLOYMENT IS SKYROCKETING DUE TO COVID-19 Through May 2020 SHAPING WORK 44.2M 9% US workers filed for unemployment unemployment in the EU THE PANDEMIC IS LEADING TO AN INCREASE IN GIG WORK JOB POSTINGS Job postings - March 2020 vs March 2017: Transportation and Storage Food delivery Package delivery +15% Driving +9% +78% +36% Source: https:/kazcom/1820467/componies-shift-to-hiring-more-delivery-workers-amid-coranavis/ COVID-19 HAS MADE REMOTE WORK LOCKDOWNS ARE INCREASING THE USE THE NEW NORM OF VIDEO COLLABORATION TOOLS As of April 2020 Google Meet 85% 100 3B 85% of Millennials prefer working from home full-time minutes of video calls on Google Meet Zoom 74% 300M 100 daily meeting participants on Zoom 74% of companies plan to shift to more remote work post-pandemic Microsoft Teams $11,000 per person per year in 75M savings for companies daily active users on Microsoft Teams 300- ng-more-parmanent-fallowing-coUid- -brave-newid-gwnete-work KEY TAKEAWAY: COVID-19 is accelerating the shift to a remote-first workforce across industries, and leading to high unemployment rates for many whose work cannot be done from home.