Employers see recession as opportunity to raise talent levels

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Employers see recession as opportunity to raise talent levels

David McFadden | Hiring trends | May 07, 2009

According 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.”

About the author

Drawing upon original ideas and extensive personal and professional experience in the field, David McFadden crafted this article to explore the untapped potential of making historic architectural masterpieces more sustainable. After working at various design practices—both full-time and freelance—and launching his design firm, David identified a significant gap in the industry. In 1984, he founded Consulting For Architects Inc. Careers, an expansive hub designed to align architects with hiring firms for mutual benefit. This platform enables architects to find impactful design work and frees hiring firms from the time-consuming cycles of recruitment and layoffs. David’s innovative approach to employer-employee relations has brought much-needed flexibility and adaptation to the industry. As the Founder and CEO, David has successfully guided his clients and staff through the challenges of four recessions—the early ’80s, early ’90s, early 2000s, the Great Recession, the pandemic, and the current slowdown due to inflation and high-interest rates.

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.