A large majority of the companies in the United States expect to maintain at least part of the telework once the health crisis ended, according to a survey conducted by a business organization published on Monday.
“Two out of three respondents are “strongly agree” or “agree” that the experience of their firm with the pandemic of the COVID-19 will lead to the future in terms of hiring and more flexible working in their business,” points out the national Association for the economics of enterprise (NABE) in its quarterly report.
More than 80% of respondents indicated that their company will maintain “some degree” of telework after the crisis.
The survey, conducted from 2 to 14 July, focused on the business climate in their company or industry. It reflects the results of the second quarter and the outlook in the short term.
“The results of the survey, NABE (…) show the continuous changes in the business climate but with marked improvements in most of the indicators compared to the survey carried out in April”, summarised the president of NABE, Constance Hunter.
In terms of their activity, one in three has resumed its normal activities. But almost as many companies say they do not expect that their normal activities are continuing more than six months.
The sector of finance, insurance, and real estate is the one which has the largest number of businesses has returned to normal activities (42%), followed by the services sector (35%).
But 29% believe that this return to normal will not exceed six months, compared to 16% in April.
The survey was conducted over the full resurgence of the pandemic of the COVID-19 in the United States. In the South and West of the country, cities and States have had to resolve to take measures to contain the sars coronavirus, thus slowing down the economic recovery.
On the job front, since march, companies have primarily adopted three special measures to counter the financial impact of the health crisis : the hiring freeze (cited by 49% of respondents), layoffs (34%) and unpaid leave (34%).
In addition, nearly 20% of the firms said to have reduced salaries in the second quarter of 2020, compared to zero in the last quarter of last year.
For the future, 82% of respondents expect wages to remain unchanged.
Finally, the profit margins of the business improved in the second quarter but remain at a level “historically” low.