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Employers see recession as opportunity to raise talent levels

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Employers see recession as opportunity to raise talent levels

| Hiring trends | May 07, 2009

arrowAccording to StaffingIndustry.com, while many employers throughout the United States may be cutting back on overall staffing levels during the economic recession, companies also recognize this period of time as an opportunity to hire top-quality job candidates.  The challenge, recruiters say, is managing tighter recruiting budgets and picking out top job performers in a flood of increased resume submissions.  

Seventy-six percent of in-house corporate recruiters who participated in a Jobfox poll say the recession offers an opportunity to bring in higher quality talent to their organizations.  At the same time, 53% of in-house recruiters expect their companies to hire fewer new employees compared to the same period a year ago. 

“It’s the typical recession reaction whereby companies want to cut or freeze staffing levels, but not at the expense of losing good people or hiring top-flight contributors,” comments Jobfox CEO Rob McGovern.  “The companies that will emerge victorious will be the ones that are most resourceful in managing cost-efficient recruitment activities.”

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About the author

After working at various design practices on a full-time and freelance basis, and starting his own design firm, David McFadden saw that there was a gap to be filled in the industry. In 1984, he created an expansive hub for architects and hiring firms to sync up, complete projects, and mutually benefit. That hub was Consulting For Architects Inc., which enabled architects to find meaningful design work, while freeing hiring firms from tedious hiring-firing cycles. This departure from the traditional, more rigid style of employer-employee relations was just what the industry needed - flexibility and adaption to modern work circumstances. David has successfully advised his clients through the trials and tribulations of four recessions – the early 80’s, the early 90’s, the early 2000’s, and the Great Recession of 2007.

One Response to "Employers see recession as opportunity to raise talent levels"
  • Joel Kelps May 7, 2009

    Excellent article. I am interviewing with a general contracting firm that sees this time as an opportunity to get the top level employees they want and be ready when the credit market thaws.

    If you are unemployed, these are the companies you want to target. They see the value in their employees.

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