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The New Normal and its Affects on Compensation
Prior to Covid-19, most world economies were doing very well in the employment sector. The U.S. employment rate was at an all-time high. As a result of Covid-19 and its impact upon the world, the U.S. is now experiencing record unemployment numbers that we have not experienced since the "Great Depression". This is now impacting the lively hoods of millions. As we continue to move through this, we must define what the "New Normal" for businesses will look like from soft openings to the potential of sustained operations. Now it's time for your thoughts.
Answer the following questions and then reply to 2 of your classmates.
1. How do you feel that the recovery from Covid-19 will affect compensation throughout the business world?
2. Do you think businesses will be able to maintain the compensation levels that they were paying out before Covid-19? Explain your answer. This is not a yes or no question.
3. What changes would you like to see in Business and Compensation as a result of Covid-19?
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