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The upsides of the downturn for corporate recruiting
Michael Carrillo,
President Todays economic landscape and changes in the workforce require fresh approaches to strategic talent acquisition in 2009.
As we near the end of the year, job losses continue at a stunning rate. According to the most recently available unemployment data from the Bureau of Labor Statistics, U.S. unemployment rose to 6.5 percent in October, with the number of unemployed increasing by more than 600,000. Harrowing, to say the least. When the Bureau issues November unemployment numbers this month, the outlook is not expected to improve.
Experienced recruiters have come to expect dramatic up and down cycles in corporate talent acquisition. Just as predictable as these cycles are the reactions of many corporate managers and CFOs -- freezes on hiring, pay increases, budgets and promotions -- all actions that can have long-lasting, negative impacts on organizations as the economy recovers.
The upsides of the downturn for corporate recruiting
Michael Carrillo,
President
As we near the end of the year, job losses continue at a stunning rate. According to the most recently available unemployment data from the Bureau of Labor Statistics, U.S. unemployment rose to 6.5 percent in October, with the number of unemployed increasing by more than 600,000. Harrowing, to say the least. When the Bureau issues November unemployment numbers this month, the outlook is not expected to improve.
Experienced recruiters have come to expect dramatic up and down cycles in corporate talent acquisition. Just as predictable as these cycles are the reactions of many corporate managers and CFOs -- freezes on hiring, pay increases, budgets and promotions -- all actions that can have long-lasting, negative impacts on organizations as the economy recovers.
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