A lot of recruiters get frustrated and depressed during a difficult financial downturn. Many never recover because they are not well educated and prepared for the recession. You have to understand the direction of the recruiting industry as far as where it is at and where it is going.
Watson Wyatt came up with a survey from a variety of companies in different industries to figure out what their plans are for 2009 compared to 2008. This gives you a good idea of where the industry is going and how you can avoid any negative assumptions personal or with your department of recruiters.
If you are working with just one company for recruiting it is still important information for you to understand this information. The more knowledge you have, the more skilled you will be to make the right decisions and outperform your competition.
The majority of the hiring freeze and layoffs have already taken place for companies and it is expect to be a lot less in 2009. 47% of the companies have entered some level of hiring freeze and 39% have executed layoffs. What is refreshing is that in the next 12 months only 18% are looking at some form of hiring freeze and 23% are planning layoffs.
That is a huge drop off from last year, especially for a hiring freeze. Companies are looking to hire, but they want to be more effective about it, which makes recruiting even more important.
Companies have to find high impact employees that they can leverage their efforts well to make more funds. They will hire people that others can't keep. As they say, someone's trash is always someone else's treasure.
Companies want to hire more and they will be willing to do so in a few years. That is why it is so important for you to find candidates that have been let go or on faulty ground and build a relationship with them now. In a few months they will be getting jobs again.
One of the best ways to leverage your efforts with sourcing job candidates is to market with TalentSeekr from EnticeLabs. They do a great job of branding corporations and allow for you to find candidates that you can throw in your CRM.