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 conducted a survey during the week of December 8th for a variety of companies across numerous industries to get a well-balanced idea of what changes companies have made and what they will continue to make for the next year. This is important to understand because this information will help to understand areas to focus on and what negative thoughts to avoid when sourcing candidates for large corporations.

If you are working with just one company for recruiting it is still important information for you to understand this information. The more knowledge you have, the more skilled you will be to make the right decisions and outperform your competition.

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.

That is a huge drop off from last year, especially for a hiring freeze. Companies are looking to hire, but they want to be more effective about it, which makes recruiting even more important.

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 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.

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. - 16747

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