Recruitment during a Recession

Recruiting during a recession may seem like a risk or even a
contradiction, but think about the long term benefits to your business.
During these challenging times it is paramount to your
success to have enough staff and, perhaps even more, importantly the right
team/staff.
At a time when your competitors may be making redundancies
you should be looking to capitalise and pick up on their missed opportunities.
As a recession continues to take hold more businesses and
employers, will begin looking for ways to reduce their outgoings an increase
profits. Some times this can come to the detriment of staff, in the form of
Redundancies; reduced working hours and a freeze on recruitment.
Whilst in some cases this is a necessary evil, in most cases
it is an initial knee jerk reaction which should be carefully considered.
All business will have periods when they at their busiest and down turns,
however you should maintain an ongoing search for new talent. More candidates
will be searching for work during times likes these, giving you more choice.
One thing you should do is review how, when, who, where and
the cost of your recruitment process per head. As your business will begin to
feel the pinch so will your suppliers giving you the opportunity to re-address
their charges. This to can be said for any recruitment costs you pay.
How? – Some employers will still continue to recruit but
will do it all themselves in a bid to reduce costs. But what you save in
recruitment fees may be lost in the time you spend sifting through applications
and during the interview process. Is this most effect/productive use of your
time, and is the person now task with finding staff able to do the job. The
benefit of using a recruitment agency is that they save you time, how ever it
will be at a financial cost. If you to carry on benefiting from using
recruitment agencies make sure you use this down turn to renegotiate any fees
previously agreed.
A little known fact is that there are government funded
recruitment agents who will be able to advise you and assist you in recruiting.
When – Companies will either have a strategic plan of
growth, mapped out busy periods or simply recruit when replacing staff. Any
business must have an ongoing search for new staff as talented workers will not
only add value to your organisation but can lift the spirits and increase friendly
competition between current employees.
Who – Rather than employing the first suitable candidate who
comes along, look for the candidate who can work across the many different
disciplines of your business, and may have previous of experience of working in
a down turn market.
Work experience. Work trials/experience are great ways for
you to assess your chosen candidate before making a permanent job offer. As
long as both parties are aware of the situation there is a real benefit to all involved.
You get the opportunity to see how your chosen candidate will actually perform
in the role, while they get a real understanding of the job, company, and
tasks. In the vent there is no permanent offer the candidate will still take
away valuable experiences.
Volunteers. Although not a viable option for all businesses,
some can benefit from this opportunity. It gives the employer an extra pair of
hands with minimal costs (expenses) and without a formal commitment from both
sides. Volunteers can be contacted on a casual basis to coincide with the
demands of your business or could come on set days/times.
In both circumstances it gives you a chance to really see
how someone will react to the demands of the job and both can lead to you
finding great permanent members of the team.
Where - look at where you advertise your vacancies.
What worked for you in a buoyant market place may not be as effective in these
times. A simple space section on your website asking for speculative
applications may not always find the right candidate but is good for a
consistent presence. Try different methods and make sure you monitor where you
get the best response
Cost – how ever, when ever, who ever or where ever you
recruit the current economic climate gives you an opportunity to negotiate with
all your providers. In addition puts you in a stronger position to negotiate
more favourable terms of employment for a better quality of
staff.
There are a number of organisations who can assist your
entire recruitment process at no cost. Giving you the freedom to concentrate on
keeping your business the success you have worked hard to produce. As with any
recruitment agency, these organisations will get to know your business and help
stream line your recruitment process. In addition it is possible for them to
assist you with on going staff training whilst providing in work support for
your employees without sending you a bill.
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