Recruitment And The Recession - What HR Needs To Know16. March 2011
The recession is not over yet. Many countries, especially in Europe, seem to be stagnating in the trough of the predicted ‘double-dip’. Managing recruitment processes through a recession is a skill that has been elevated to an art form in recent years, but businesses cannot always rely on guesswork to recruit and retain excellent staff. Recruitment software is now taking on the challenges of recruitment during a recession and with the latest software and technology, you can find the best employees and retain them while saving money.
Recruitment is always the first budget to be cut during a period of corporate belt-tightening. Fewer positions and more people searching for work is the bottom line, so how do you find the best people for positions in your company without having to break the bank?
Having the benefit of excellent recruitment software is a valuable tool when recruiting in a recession. It allows you to root out the talent that you need to sustain a business through lean times and makes short work of the recruitment process. Applicant tracking, talent pool resources, and other beneficial ways of sourcing great staff are all a part of excellent recruitment software programmes. It means that an HR department can do more in less time which can save company money in the long run. Effective recruitment software means that you are able to manage HR recruitment during the tough times, and establish working strategies that contribute to the business.
HR departments face the most stress and strain during a recession. Redundancy programmes may have to be developed. Creative management strategies need to be employed to retain excellent employees in an economic crisis when pay packages are stagnant. Recruiting employees may have to be done when positions are made redundant and more work as to be done with less people. Finding the right people to handle all of this means that you need the benefit of technology and recruitment software on your side.