The Other Shoe Dropped: Now What?
A year ago (September 2007) we asked a lot of staffing leaders that we know personally if they had contingency plans for a slowdown in the economy. Very few said "yes"- and fewer cared.
It wasn't a good time.
In January of each new year we ask staffing leaders who respond to our source of hire survey whether they expect to hire more or fewer people in 2008 than in 2007. For the first time in our 6 years of conducting this survey, a majority said "fewer" and fewer translated to 25% down.
Since then the market has lost nearly "a trillion dollars" in pension funds it was ostensibly managing (whatever that means) and, (surprise, surprise) hiring is softer than its been in several years.
Consider this scenario: What happens to your staffing organization, budget, and people if your business leaders put a 6-month freeze on all hiring? Maybe now is a good time to think about that conversation, develop some innovative plans and prepare alternatives.
| 0 comments
|
flag
