As we move further into this economic recession it becomes even more important to have your pulse of the finger of larger corporations when it comes to recruiting. It is important to understand their direction with hiring, layoffs, budgeting, benefits, marketing and other things they have done and what they are planning to do during 2009.
Watson Wyatt conducted a survey during the week of December 8th for a variety of companies across numerous industries to get a well-balanced idea of what changes companies have made and what they will continue to make for the next year. This is important to understand because this information will help to understand areas to focus on and what negative thoughts to avoid when sourcing candidates for large corporations.
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.
What is good to know is that majority of the hiring freeze and layoffs have already happened. 47% of the corporations have already performed some level of a hiring freeze and 39% have done some level of layoffs. As far as changes in the next 12 months go, only 18% are planning on a hiring freeze and 23% are looking to layoff more people.
These numbers are drastic drops from last year and it shows that companies are starting to level out a little bit as far as their layoffs and even more with hiring freeze. Companies are more willing to look to hire now and cut the fat of their company where they feel they can get better production out of a certain type of employee.
During tough times like this companies need to find the right employees that will perform well. They are always willing to look to hire people that other companies can't keep for whatever reason. Someone's trash can always be someone else's treasure.
Companies will cut employees, but they will be looking to hire as times get better. They will hire those same people back and you need to gather as much information as possible and nurture those candidates so you can be a part of the turn around.
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. - 17944
Watson Wyatt conducted a survey during the week of December 8th for a variety of companies across numerous industries to get a well-balanced idea of what changes companies have made and what they will continue to make for the next year. This is important to understand because this information will help to understand areas to focus on and what negative thoughts to avoid when sourcing candidates for large corporations.
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.
What is good to know is that majority of the hiring freeze and layoffs have already happened. 47% of the corporations have already performed some level of a hiring freeze and 39% have done some level of layoffs. As far as changes in the next 12 months go, only 18% are planning on a hiring freeze and 23% are looking to layoff more people.
These numbers are drastic drops from last year and it shows that companies are starting to level out a little bit as far as their layoffs and even more with hiring freeze. Companies are more willing to look to hire now and cut the fat of their company where they feel they can get better production out of a certain type of employee.
During tough times like this companies need to find the right employees that will perform well. They are always willing to look to hire people that other companies can't keep for whatever reason. Someone's trash can always be someone else's treasure.
Companies will cut employees, but they will be looking to hire as times get better. They will hire those same people back and you need to gather as much information as possible and nurture those candidates so you can be a part of the turn around.
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. - 17944
About the Author:
Cade Krueger works with recruiters as the Director of Sales for Entice Labs and helps recruiters with job recruitment in order to source quality hires. He also promotes a tool, called TalentSeekr, for job recruiting that reaches five times the candidates at a tenth of the cost of job boards. This helps to save recruiters time and money.
