Reopening the Economy Survey: Companies Plan to Take Lead of States, Will Aid in Contact Tracing

As the Trump Administration releases guidelines for reopening the economy, Human Resources executives nationwide are contemplating when and how they will reopen work sites. The majority will keep their COVID plans, which include working from home and closing non-essential businesses, in place until experts agree it is safe, while 24% plan for the crisis to keep businesses closed for 1 to 3 months, according to a new survey from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Another 7% of businesses are planning to keep plans in place for 3 to 6 months, and 4% plan to on the crisis lasting through the end of the year. Only 2% believe they can remove precautions in a matter of weeks.

The survey was conducted online among over 300 human resources executives from companies nationwide of various sizes and industries between April 12 and April 16.

When asked what would trigger the reopening of their businesses, 47% stated they would follow the lead of each location’s state governors. Nearly 14% said they would heed the advice of a combination of local, state, and federal leaders, as well as leading scientific experts and internal research. Another 13% stated they would act in accordance with the federal government’s guidelines while another nearly 13% will listen to leading scientific experts. Five percent responded “Other” which includes responses about adopting a phased approach to reopening.

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