Saturday, December 20, 2008

How Companies Are Hiring With A Recession

By Cade Krueger

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 came up with a survey from a variety of companies in different industries to figure out what their plans are for 2009 compared to 2008. This gives you a good idea of where the industry is going and how you can avoid any negative assumptions personal or with your department of recruiters.

You might be working with just one company and this information might not be as applicable, but that isn't true at all. If you have a general understanding of the direction of your industry then you can use that to help influence the decisions of your company.

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.

It is obvious to see that the drop off is going to be large for the hiring freeze and layoffs. So a lot of those people are going to get jobs back or move on to other companies and they will need recruiting support during these difficult times.

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.

Probably the best way to find this talent is to use recruitment advertising online on niche blogs, web sites, user forums, and any web 2.0. One of the best ways to do this is through TalentSeekr from EnticeLabs. They do a great job of branding your corporation and sourcing these candidates at their ideal sites.

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