How Companies Are Hiring With A Recession
A lot of recruiters get frustrated and depressed during a difficult financial downturn. Many never recover because they are not well educated and prepared for the recession. You have to understand the direction of the recruiting industry as far as where it is at and where it is going.
Watson Wyatt conducted a survey during the week of December 8th for a variety of companies across numerous industries to get a well-balanced idea of what changes companies have made and what they will continue to make for the next year. This is important to understand because this information will help to understand areas to focus on and what negative thoughts to avoid when sourcing candidates for large corporations.
If you are working with just one company for recruiting it is still important information for you to understand this information. The more knowledge you have, the more skilled you will be to make the right decisions and outperform your competition.
What is good to know is that majority of the hiring freeze and layoffs have already taken place and companies anticipate that it will be a lot less in 2009. 47% of the companies have entered some level of hiring freeze and 39% have performed layoffs. In the next 12 months only 18% are looking at some form of hiring freeze and 23% are looking to layoff more people.
These numbers are drastic drops from last year and it shows that companies are starting to level out a little bit as far as their layoffs and even more with hiring freeze. Companies are more willing to look to hire now and cut the fat of their company where they feel they can get better production out of a certain type of employee.
Companies have to find high impact employees that they can leverage their efforts well to make more funds. They will hire people that others can’t keep. As they say, someone’s trash is always someone else’s treasure.
Companies will cut employees, but they will be looking to hire as times get better. They will hire those same people back and you need to gather as much information as possible and nurture those candidates so you can be a part of the turn around.
One of the best ways to nurture this campaign is to use a product like TalentSeekr from EnticeLabs. It is great for marketing candidates on the internet and branding them to your corporation.
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