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How has COVID-19 affected new hires and leavers?

Looking back on the last eight months, it would be a gross understatement to say that 2020 has been a tumultuous year for professionals.

This time last year it seemed as though the upcoming IR35 legislation was the only troubling event on the horizon. Little did we know, this would soon be eclipsed by a world-wide pandemic, which has subsequently transformed the ways in which we navigate business and employment. 

For many firms, this has been a time of change; to utilise essential operational resilience frameworks and adapt to the 'new normal' in order to survive. 

We've seen this manifest in a number of ways. From firms initially moving operations out of the office and embracing home-based set-ups, to a dramatic round of redundancies as business prospects began to wind down in the midst of the global lockdown. 

Relief came in the form of the government's "furlough scheme", saving thousands of jobs in the process and mass redundancies on an unprecedented scale. 

However, as the furlough scheme begins to wind down and markets begin to pick up, we have taken a look at the trends within our primary markets over the last three quarters. Not only to track the impact of Coronavirus on job hires and leavers, but to also see what may be in store for professionals going forward. 

In these reports, we looked at trends within Compliance & ConductData Protection & Privacy, Legal, Risk Management and the Finance market.

Click on the links below to download a PDF of our latest insights and trends, separated per-market:

 

Compliance & Conduct

 

Data Protection & Privacy

 

Legal

 

Risk Management

 

Finance

 

If you are looking for a new opportunity within the legal, risk and compliance industries, we want to hear from you.

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How FourthLine can help:

FourthLine is working with a number of financial service firms to help them with Operational Resilience enablement and Outsourcing and 3rd-Party Risk Management, through a mixture of end-to-end consulting and resourcing options.

August 26, 2020
Jakes de Kock
Jakes is FourthLine's Marketing Director. He specialises in omni-channel, tech-enabled inbound marketing strategies to drive business growth within the b2b sector.
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