How has Lockdown changed the job market?

The UK declared a lockdown on March 23rd. For many of us, this meant we couldn’t go to work as we normally would. During the uncertainty, people were left wondering what this meant for their jobs. Thankfully, the UK government launched their furlough scheme on April 20, paying 80% of people’s wages if they couldn’t work. 

Recent figures show that, as of May 24th, some 8.4 million jobs have been furloughed since the scheme launched. Although some people are starting to return to work, many will continue to rely on the scheme. This incentive has been extended through to October (with some alterations).  

Although the furlough scheme has brought relief to many people, there has also been a surge in unemployment. Around 856,500 people signed up for benefits such as universal credit and jobseeker’s allowance in April, an increase of 69%. 

Hiring in a pandemic

One of the biggest changes to the job market during lockdown is the way companies are approaching recruitment. Companies are still looking to fill vacancies during this hectic time. However, current social distancing measure makes traditional means of hiring more challenging. 

Despite the current hurdles, businesses are finding ways of hiring new staff. The process just looks a little different now. So, if you are searching for a new job, here are some of the ways you might interview for the role given the current circumstances: 

• Telephone interviews. Although a popular first step of the recruitment process before coronavirus, it’s become even more prevalent recently. It’s a good way of initially gauging whether you’re the right fit for the role. 

• Video interviews. During lockdown, many of us have been using video calls to keep in touch with loved ones. Platforms like Zoom can also be a great way of conducting an interview. It’s a useful replacement for face-to-face and panel interviews. 

• Online tests. Tests are a fairly common part of the recruitment process. While in-person assessments aren’t possible right now, companies are turning to online solutions instead. They can be a great way of proving your credentials when applying for a job. 

Remote working 

Technology is rapidly changing the way we live and work. One of the saving graces of the coronavirus pandemic is that many people have been able to work remotely. At the height of lockdown, those who were able to work from home were asked to do so. 

Although this way of remote working was new to many of us, it’s actually a trend that’s been emerging for a while. In 2019, Airbnb’s Future of Work report revealed that 77% of UK workers think being able to work remotely is important. 

There are studies to back up the merits of this way of working, too. The American Psychology Association found that workers who had the ability to work remotely were more satisfied with their jobs and more productive. 

So, whether you’re in work or applying for new roles, the job market during lockdown certainly has a focus on working from home. For many, this added flexibility is a great addition. But there are certainly pitfalls. It can be hard to set boundaries and not overwork. Plus, the lack of human interaction can be difficult for many. 

The industries hit the hardest

The coronavirus pandemic has undoubtedly disrupted the job market, both in the UK and internationally. Across the UK in April, advertised vacancies were 49% lower than they were the previous year. But some industries have been hit particularly hard. 

Between lockdown and social distancing measures, it’s not surprising that some sectors have been hit worse than others. Even with government support, the pressure has been immense on some businesses. It’s hard to quantify exactly which industry has been hit the hardest. But a combination of lost revenues and fewer jobs is clear across many. This includes: 

• Hospitality and leisure
• Manufacturing 
• Food and drink 
• Energy
• Retail

As all non-essential shops were closed from the start of lockdown, it’s little surprise to see the retail industry hit so hard. Job vacancies declined nearly 80% during April. On top of that, chains such as Debenhams, Laura Ashley, and Cath Kidston have all gone into administration since the start of lockdown. 

The industries that aren’t hit as hard

Although things may seem pretty bleak at the moment, there are always positives to be found in times of crisis. Despite the current climate, there are some industries where the job market during lockdown is thriving. 

Many of these areas have seen either a demand for new staff or an increase in demand for services. Often, these sectors already had much of the infrastructure to deal with the crisis caused by the pandemic. 

As companies across the country (and the world) adjust to a new normal, we’ve outlined some industries that have recently seen increased demand. We’ve also picked out some ways you can think about getting involved in these areas:

• Healthcare
• Wellness 
• Online education 
• eCommerce 
• Pharmaceuticals 
• Gaming 

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