Saturday, December 20, 2008

Are Companies Hiring With The Down Economy?

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 created a survey for a variety of industries during the week of December 8th and they came up with some interesting findings. They found out what percentage of companies were making changes in 2008 and what companies anticipated making changes in 2009. This gives you a solid understanding of what is a reality and how you can avoid negative influences in your department.

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.

The majority of the hiring freeze and layoffs have already taken place for companies and it is expect to be a lot less in 2009. 47% of the companies have entered some level of hiring freeze and 39% have executed layoffs. What is refreshing is that in the next 12 months only 18% are looking at some form of hiring freeze and 23% are planning layoffs.

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.

Companies want to hire more and they will be willing to do so in a few years. That is why it is so important for you to find candidates that have been let go or on faulty ground and build a relationship with them now. In a few months they will be getting jobs again.

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. - 15254

About the Author: