Employment Process During Economic Recessions
The reaction of gas prices has been swift and deadly for great car and airplane companies. It did not take much time to participate in the necessary belt-tightening and cost cutting tactics. So far, thousands of employees have been fired. Hiring freezes are being implemented and budgets for new positions are being lost in silence. Every business, no matter where they are, focus on reducing operating expenses and try to time to this most recent challenge is survival. Employees are also hiding down and working hard with the hope that the layoff notice did not hit them.
A slowdown is an opportunity to participate in self-assessment. Consider conducting a survey of employee satisfaction, find out why employees like to work for you. Use the positive traits in their marketing strategies, focus on attracting other like candidates to mind your organization. Use this time to repair any dissatisfaction among employees, and especially the work in maintaining the safety of employees. Keep communication open and honest and seek other opportunities, such as cross training for their employees are more flexible and can meet their needs in the future.
It is well known that employees leave organizations by the leadership style of the poor. Therefore, to reduce the vulnerability of employee poaching by competitors and increase their competitive advantage, take this moment to invest in leadership training. The most effective training is a program that is offered in a time frame of six months where participants can put into practice what you learn after each training module. Focus on a program that offers self-awareness, an understanding of how the leader builds teams and the impact on the overall success of the organization. Ensure that the program also offers individual training during this period of time.
At the same time, this stage of the economy is a great opportunity to thoroughly examine your business vision and goals. Where are you going … What is your vision? What opportunities will give you a competitive advantage? What are the barriers and obstacles? What leadership skills and competencies necessary to move forward? Where to find? How to attract them? What you have to offer compared to your competitors?
While a slowing economy sounds like a very constrictive and unforgiving environment, believe it or not, conduct an executive search for personnel during the good times like this can be very valuable. Note that the guarantee that your organization has employees from high productivity and good performance is critical to the continued success. In fact, it is to your advantage to look for candidates who want to leave a company to join their organization. In other words, a slowing economy may allow very strategic moves from the point of view of executive search recruitment.
The best approach to executive search in a recessionary environment is to use the services of a company highly respected executive search with extensive research capabilities. Remember, retrench employees during this time. Many highly qualified candidates, and not sought contact, it may be difficult to convince a move worth their while. It needs skill and persistence to make this happen, along with a multiple selection of various advertising and networking tactics.
Processing your request, Please wait....
