Saturday, December 20, 2008

How Companies Are Hiring With A Recession

By Cade Krueger

There are many assumptions during this difficult economic period and it can hurt the psyche of a lot of talented recruiters. To be honest there is little reason to be concerned as long as you are using your time wisely in effective recruiting. A lot of this comes down to understanding the direction of companies during 2009.

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 limit their employees so they need to hire employees that are going to have a huge impact with limited funds. Often they will hire people that other companies can't hire because of budgets.

As companies continue to look to hire people back or bring in new talent, it becomes important for you to find candidates that are sitting in the dark right now and build trust with them in a nurturing campaign. The trust you can build now will be amazing for the future.

One of the best ways to leverage your efforts with sourcing job candidates is to market with TalentSeekr from EnticeLabs. They do a great job of branding corporations and allow for you to find candidates that you can throw in your CRM.

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