OPM300_Module 2 SLP

docx

School

University of Phoenix *

*We aren’t endorsed by this school

Course

300

Subject

Business

Date

Apr 3, 2024

Type

docx

Pages

Uploaded by nicnea1

1 OPM300 SLP 2 – Pandemic Lessons Trident University International OPM300 Introduction to Operations Management March 30, 2024

OPM300 SLP 2 OPM300 SLP 2 Pandemic Lessons Though it may appear that the pandemic has ended, a few industry personnel cannot say that. This may seem adverse, however, this is not the circumstance. Labor force tendencies may be perceived as an enormous victory for candidates seeking work, or individuals who have worked for several years. It is also true for businesses that now witness massive growth in business processes because of the modifications they make. U.S. Labor Trends The workforce is a region in which the marketplace has not completely improved concerning the impact of the pandemic. Short of any related info, if the labor force was identical today like in 2020, it would be 3.4 million added employees contributing to the workforce (Ferguson, 2022). These millions of employees did not just disappear but it was assumed that they were waiting on the sideline for many causes. According to Ferguson, (2022), there are 10.7 million employment positions with 5.7 million jobless laborers. This displays that it is an intended decision that employees did not come back with the labor force. It may be that households now require a parent to stay home and care for their children, or it is either not sufficient wages, a few individuals have stepped back and they now want to attain new skills, as well as education before they re-enter the labor force. A different influence of the pandemic encouraged 3 million people to take an early retirement, which was a 2.2% growth in 2019’s third quarter of persons 55+ that signed up for retirement. Before Covid-19 the marketplace also viewed what has easily been called The Great Resignation. The name came about because over 4.4 million individuals departed their occupations (Ferguson, 2022). Pandemic Industry Hiring Trends - Legal Industry 2

OPM300 SLP 2 During the pandemic anyone who had an undecided case or legitimate issues that needed a response, communicating with an attorney was critical. In common conditions, having an in- person conference concerning a client and lawyer is standard. To stop the additional spreading of COVID-19, numerous lawyers have decided to decrease face-to-face interaction with current and likely clients. Luckily, lawyers have found a different means to apply operational safeguards, and yet provide lawful aid to individuals who needed it. A great deal of lawyer/client conversations before now take place on the telephone. Many attorney offices have stayed open, so lawyers as well as their teams, are accessible to take phone calls. However, various businesses have chosen to close their offices and have their calls rerouted to their lawyers and workforce who work from home. Pandemic Industry Layoffs – Amusement/Theme Parks Disneyland is a corporation that normally receives 18.8 million customers, however in 2020 they only obtained 3.6 million. This severe decline may be clarified by the coronavirus, and Disneyland was not alone in experiencing this, The Knotts Berry Farm witnessed their crowd go from 4.2 million to 811,000 (MacDonald, 2021). Also, in Hollywood Universal Studios witnessed a drop from 9.7 million to 1.7 million. In many cases, attendance is nearly 20% of what openly impacts their workers. There was no requirement to have an identical amount of workers, compelling businesses to lay off their workers. When the shutdowns happened in 2020, three essential businesses viewed a mixed decline in occupations of 127,200 persons in just a couple of months (Futrell, 2021). The discharges had by this time reduced, and Disney employed 80% of the people they had laid off (MacDonald, 2021). Even though numerous states have resumed to the numbers they had before COVID-19, it appears to be just California and Florida that are still working on pre-covid normalcy. 3

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

OPM300 SLP 2 The Post-Pandemic Workforce Nowadays the labor force has repeatedly altered and will keep doing it. The pandemic conveyed some lasting alterations for employment, which means using it from now on. Together with increasing work-from-home choices in the labor force and offering continued preparation, these modifications are noteworthy to comprehend but distinguishing how they will maintain industry processes each year is also vital. Being in advance of alterations in the requirements of the labor force will assist and appeal to managers who are equipped and prepared for modernization. A mutual employment trend must have work-from-home choices, and managers and occupation candidates together decide it is the most significant tendency, and it also clearly influences business processes. It was viewed in the last two years, supported that efficiency, advanced worker commitment, and advanced phases of fundamental performance are the influences of working from home. Businesses recognize that by being attentive to their workers and providing them with services they may require, their workers are probably being cared for as a result, for their business. An added continuing trend in employing is proposing workers with continued preparation and openings in their profession. Workers identify what they are seeking in businesses they may cultivate. Enormous businesses, such as Wal-Mart, and Amazon, are previously integrating reorientation and skills for their workers (Monster, 2022). Conclusion Alterations are unavoidable, and a few businesses may think that they are in a steady position and have control but no one knows what tomorrow will bring. Many businesses have suffered adversely from the pandemic but it was life’s lessons learned concerning industry processes that will prepare individuals for radical changes in the marketplace in the forthcoming. 4

OPM300 SLP 2 References Ferguson, S. (2022, September 2). Understanding America's labor shortage. U.S. Chamber of Commerce. Retrieved March 30, 2024, from https://www.uschamber.com/workforce/understanding-americas-labor-shortage Futrell, J. (2021, February). S3. Amazon. Retrieved March 30, 2024, from https://aws.amazon.com/s3/ MacDonald, B. (2021, October 25). Disneyland brings back nearly 80% of workforce with full staffing expected by end of year. Orange County Register. Retrieved March 30, 2024, from https://www.ocregister.com/2021/10/25/disneyland-brings-back-nearly-80- ofworkforce-with-full-staffing-expected-by-end-of-year/ Monster, W. (2022, March 15). Prepare your business for these key workforce trends. Monster.com. Retrieved March 30, 2024, from https://hiring.monster.com/resources/workforce-management/leadership- managementskills/preparing-your-business-for-the-workforce-of-the-future/ 5

Related Documents

AB299_Unit2Assignment2.docx

Unit 3 Case Study 3M.docx

Unit 4 Case Study Disney.docx

HRM 360 Milestone One.docx

GB601_Unit_3_Assignment.docx

OPM300_Module 1_Case.docx

Freight.docx

OPM300_Module 1 SLP.docx

POM3310 HW1 Spring 2024 copy.docx

Exam 2.docx

Week 3 Pro Sports Facility Financing.docx

HealthcarePractices.docx

Recommended textbooks for you

Management, Loose-Leaf Version

Management

ISBN:9781305969308

Author:Richard L. Daft

Publisher:South-Western College Pub

Purchasing and Supply Chain Management

Operations Management

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Cengage Learning

MARKETING 2018

Marketing

ISBN:9780357033753

Author:Pride

Publisher:CENGAGE L

Principles of Management

Management

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax College

SEE MORE TEXTBOOKS

Recommended textbooks for you

Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College