Covid-19 and Human Capital Response: results of a national survey among Norwegian CEOs

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Digital seminar: Covid-19 and Human Capital Response: results of a national survey among Norwegian CEOs

The Covid-19 pandemic overnight turned into a recession as governments introduced measures that locked-down large parts of the economy. The steep decline in demand that followed as a reaction to the measure put in place forced a large number of firms to make dramatic changes to how they invest, deploy, and manage their human capital. This raises the general question of how the pandemic impacts firms’ human capital decisions.

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This was one of the research questions that motivated a survey Lasse Lien, Kjell Salvanes and Bram Timmermans conducted at the end of May among 1500 Norwegian CEOs. We asked these CEOs a range of question concerning lay-offs and furloughing, expectations concerning recovery and investment decisions. During this seminar, we will present some of the general findings of this survey.

This survey formed a point of departure in a recently awarded research grant from the Norwegian where we investigate human capital responses, labor market effects, and digitalization. Consequently, this project is part of the recently started DIG-Digital Innovation for Sustainable Growth, since the Covid-19 pandemic has encouraged firms to implement digital technologies earlier than anticipated, and it seems to have rewarded firms that were highly digitalized before it started. So, what are the consequences and implications of Covid-19 induced digitalization for Norwegian firms and Norwegian workers. So besides presenting our survey results, we hope to engage in an academic dialogue with seminar participants that help us shape the research agenda in this research project.

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See the seminar live here