Business will emerge from Covid-19 with more contract workers and fewer permanent staff, according to a report based on a global survey of CEOs and C-Suite executives by The Conference Board.

 “Post-Covid-19, CEOs expect their organizations to emerge leaner and more agile, redefining how work gets done,” said Chuck Mitchell, a report author and director of knowledge, content, and quality at The Conference Board.

CEOs in the survey said using more contract and gig workers along with fewer permanent, in-house workers was the fourth-most important human capital change. However, other members of the C-Suite surveyed cited it as 10^th.

The survey also found that 47% of CEOs globally predict pre-Covid-19 revenue levels will return sometime in 2021. Looking at just the US, 51% of executives say this will be the case.

Executives also plan to expand the ability for employees to work flexible hours or telecommute permanently.

The survey included more than 1,300 CEOs and other C-Suite executives.