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Quadratic Model for Assessing the Impact of Covid-19 on the HR Soft Skills

Author

Listed:
  • Mohammad Alamarat
  • Oleh Sokil
  • Nazar Podolchak
  • Olena Bilyk
  • Natalia Tsygylyk

Abstract

This article presents a quadratic model to evaluate the impact of COVID-19 on HR soft skills. The pandemic has disrupted the global workforce, necessitating an examination of the effects on communication, collaboration, and adaptability. The model calculates the outcomes and underscores the importance of dedicating resources to the updating of soft skills taking into account remote work, the process of digital transformation nowadays, and shifting job requirements during COVID times. The findings inform policymakers, HR professionals, and organizations in addressing COVID-19 challenges. By understanding the economic implications, organizations can adapt recruitment, training, and talent management strategies for long-term sustainability and growth. This model contributes to existing literature and aids decision-making for a skilled and resilient workforce in a post-pandemic era.

Suggested Citation

  • Mohammad Alamarat & Oleh Sokil & Nazar Podolchak & Olena Bilyk & Natalia Tsygylyk, 2024. "Quadratic Model for Assessing the Impact of Covid-19 on the HR Soft Skills," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 181-198.
    • Handle: RePEc:bas:econst:y:2024:i:3:p:181-198
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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2024/2024-3/11_Oleh-Sokil.pdf
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    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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