Imagine the market just bounced back. Who’s positioned better: a company that survived through steady layoffs, or one that snatched top talent when the economy was at its worst?
Of course, many companies don’t have the luxury to make that choice right now. But experts are adamant: Companies that find a way to hire top-caliber employees now will be on top when the economy grows.
Over three-fourths of in-house corporate recruiters believe the recession presents a chance to hire stronger talent during the first half of 2009. That’s according to a survey by Jobfox, an Internet job site. However, 53% of those surveyed expect their firms will actually hire fewer workers in the first half of 2009, compared to the first half of 2008.
The findings suggest that even though many firms tout the benefits of hiring right now, most probably won’t be able to do so — and that presents a great opportunity for companies that can.
Even if you’ve decided on a hiring freeze for the time being, it may be worth reevaluating your situation. As proven here, even companies in the throes of Chapter 11 have managed to successfully add staff.