The impact of Covid-19 on labor market results

The economic crisis faced by many countries in the midst of the COVID-19 pandemic already has significant impacts on labor market results. The impending recession will lead to job losses, reduced incomes, and increased poverty. However, direct impacts can lead to other short- and medium-term effects that can be equally painful in the long term. For example, job losses affect future earnings due to interruptions, loss of productivity, lack of training associated with long periods of unemployment, and lost opportunities to develop human capital at work.

Changes are already being noticed in this new era of the labor market, such as the consolidation of Home office. In the pandemic, jobs and occupations that are most susceptible to teleworking are the ones that are in the best situation. In most cases, they are people with digital experience, which is why it is important to invest in digital technology, as equipping people with digital skills has become a critical need. According to scholars in the area, skilled workers are better able to deal with imbalances caused by events such as economic crises because they can adapt to the constantly changing needs of employers and new technologies. In addition, skilled workers are better able to seek information about employment opportunities with family, friends, advertisements, former employers, and employment agency.

A recent study conducted by the International Labor Organization (ILO) warns of the impact of the COVID-19 pandemic on the professional lives of young people. In view of this, the search for learning, which is already an important factor in the labor market, will be crucial and will define many of the changes that are to come. Experts point to growth in the areas of technology, communication, and health. It is also believed that there will be an increase in the search for courses involving these areas, since education and continuous learning will always be necessary for a candidate to increase their level of employability.

In addition to academic training and technical training, the pandemic brought to the labor market the appreciation of Skills personal, that is, behavioral skills that bring greater resilience to the employee in the face of abrupt changes in the work routine. In this context of changes, it is worth betting on the growth of distance learning (DE), helping to train professionals and companies.

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