Economic downturns, mergers, and acquisitions all place pressure on organizations to curb labor costs. No time in the last decade has that tenet been more apparent than right now. Layoffs, large or small, force organizations to cut loose the talent in which they have invested salary and training dollars. While …
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College Recruiting on a Shoestring Budget – ERE Community Q&A
Questions & Answers How do you make the business case to managers who believe now is not the time to be recruiting college grads/interns, etc.? What are the long-term consequences of stopping college recruiting? Any time you make a business case you need to address the concerns of your audience …
Read More »A Recruiting Strategy to Counter the Threat of Unions and the EFCA
Hiring For Tendencies Is a Common Practice It is common to design recruiting and hiring processes to select individuals with certain mindsets or behavioral tendencies. Southwest Airlines, for example, has been written up in numerous books and articles for how they successfully attract and hire individuals who naturally behave and …
Read More »Raiding Wall Street: Now Is the Time to Cherry Pick the Very Best
Target Top Performer and Innovator “Survivors” Who Hate Stagnation The obvious recruiting move would to be to target the thousands of financial professionals and MBAs who are about to lose their jobs. While that is OK, if you want to land a true “find,” my recommendation would be to instead …
Read More »The Economic Downturn Means That Hiring Freezes Will Soon Decimate Recruiting
A) Negative impacts on revenue and costs Obviously, not expanding your staff or keeping open positions vacant can save payroll dollars in the short term. However, such savings may actually present a false reality because freezes have many other unintended consequences that CFOs often fail to account for: Lost revenue. …
Read More »Managing Recruiting During an Economic Downturn: The Top 10 Action Steps to Take
The Top 10 Advantages of Recruiting During Tough Times It’s quite common during periods of economic turmoil for CFOs to assume and declare that robust recruiting functions will not be necessary due to a surplus of talent becoming available as more and more firms engage in layoffs, consolidations, and the …
Read More »Managing During an Economic Downturn Using a Talent Swapping Strategy
What Is A Talent Swapping Strategy? The concept of talent swapping is borrowed from the professional sports industry. In sports, winning is everything, and it is a common practice for team management to externally seek out a “superior” player in a key position to replace a struggling player. When the …
Read More »Develop a Friends Program to Better ‘Sell’ Your Targeted Talent
It takes little effort to convince active job seekers to apply for jobs; however, the same cannot be said for currently employed top performers. The difficulty in getting individuals actively engaged in their industry and performing at top levels to apply increases significantly during tight economic times because even the …
Read More »The Mobile Phone: The Most Effective Recruiting Communications Platform
The basic foundation for all recruiting is the ability to communicate and share information with potential candidates directly. In our modern, high-tech world, corporate recruiters have numerous channels they can use to communicate directly with candidates ranging from face-to-face visits to video chat. However, there is only one tool that …
Read More »Recruiting Videos Allow Potential Candidates to Feel the Passion
Everyone in recruiting and employment branding strives to demonstrate to potential candidates the excitement that can be found within their organization. Most rely almost exclusively on “words” in paid advertising, brochures, and websites, but words are “so last year.” Each month, fewer and fewer people read newspapers and books, and …
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