Data Brief 2020-011 | July 10, 2020 | Written and compiled by Leila Gonzales and Christopher Keane, AGI, July 2020
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COVID-19 Impacts to Geoscience Business Operations
Half of geoscience employers are expecting lower financial performance
for this year compared to 2019 as a result of the pandemic. In February,
nearly 40% of businesses reported an outlook of increased financial
performance over last year, but by June, these expectations had lowered
substantially.
Additionally, 32% of businesses reported securing outside supplemental
support to mitigate financial risks. Meanwhile, 31% of businesses
reported increased workloads relative to staffing, while an additional
50% reported that they have maintained balance between workload and
staffing. This echoes comments from non-academic geoscientists about
their experiences of having increased personal workloads since February.
The most commonly reported COVID-19 impacts to business operations was
regulatory restriction of access to facilities (65%), disruption in the
supply chain and contractor availability (39%), and termination or
amendment of revenue-generating contracts (35%). In terms of impacts to
staff, salary reductions were more common (19%) than staff furloughs
(10%) or layoffs (3%).
We will continue to provide current snapshots on the impacts of COVID-19
on the geoscience enterprise throughout the year. For more information,
and to participate in the study, please visit:
www.americangeosciences.org/workforce/covid19
Funding for this project is provided by the National Science Foundation
(Award #2029570). The results and interpretation of the survey are the
views of the American Geosciences Institute and not those of the
National Science Foundation.