Today, there’s a significant amount of economic uncertainty, as many fear a recession is on the horizon. Couple that with labor shortages and pervasive skill gaps, and finding an appropriate way to manage recruitment and hiring is particularly challenging.
Fortunately, there are steps organizations can take to recession-proof hiring. Here are some best practices that can help you build strong teams, even during tough times.
Cultivate the Right Culture
When it comes to attracting and retaining talent, companies should never underestimate the power of an exceptional culture. Clear commitments to diversity, equity, and inclusion, well-defined values, and missions that employees can connect with lead to a better environment. Often, they also spur job satisfaction and loyalty, too.
Consider how your organization can improve the employee experience and develop a welcoming, supportive environment that’s values-driven and mission-focused. By doing so, it’s often far easier to meet recruitment and retention goals, even during times of economic uncertainty.
Additionally, learn how to showcase what your company offers employees. Having a compelling employer value proposition ensures that candidates see what’s in it for them, and that can make a significant difference when it comes to the number of applicants and your ease of securing top talent once you find your perfect potential new hire.
Focus on Potential When Hiring
Before the labor shortage and skill gaps became pervasive, employers had the opportunity to be incredibly picky when hiring. However, the strategies of yesteryear aren’t as functional today. Outlining a laundry list of requirements and not considering candidates that don’t check every box isn’t smart hiring; it simply leads to a lack of candidates.
Instead, consider what skills are genuinely essential on day one on the job. If it’s a capability you’re willing to train, shift it to the “nice-to-have” category. Additionally, rethink requiring a college degree unless one is legitimately essential, such as for licensing or regulatory purposes.
By using that strategy, your company opens itself up to more candidates. You can find enthusiastic professionals who can quickly learn the job and become an asset. Further, you can find candidates with unconventional experience that still leave them capable of flourishing. Often, these changes are game-changers, making it far easier to cultivate a talented team.
Partnering with a Recruiter
Even though a recession may be on the horizon, labor shortages remain part of the equation. As a result, reliable candidate sourcing is increasingly essential, ensuring companies have access to top talent with proven capabilities.
By partnering with The Squires Group, employers get access to a substantial talent pool filled with vetted candidates with in-demand skills. Plus, our recruitment experts can locate and engage in-demand professionals with ease using our unique strategies and highly developed expertise. Finally, we can offer flexible hiring solutions, allowing companies to reduce risk and maintain workforce agility.