I recently read an article from The Economist titled “You’re hired—next year“. The article takes a look at some of the new direction recruiters and their companies are starting to move in when it comes to hiring during the recession period.
I’m so glad others have taken notice of this! About a month ago I was having a conversation with a colleague about this very topic, having noticed that lots of companies seem more interested in hiring contractors than permanent employees right now. My guess was that this is a sort of “test drive” option as well as not having the funds for full-time benefits and such. The article states:
“Most obviously, the hiring of freelancers and consultants has become more common, allowing companies to avoid spending on employee benefits and delay hiring decisions until the economy picks up.”
In addition, the article goes on to say that companies are marketing to candidates with different incentives than the usual sign-on bonuses and extra perks: “Their new selling points are sandwiches with the boss, opportunities for advancement, flexible working hours and more holiday time.” This sounds very much like companies are starting to understand the desires of the up-and-coming millennial generation, who tend to prefer incentives like more flexible work conditions and opportunity to further themselves.
The article also briefly touches on the fact that many companies are developing a social media presence as a low-cost way to reach potential new hires. This is apparently a topic in which companies are very interested and want to learn more about, as there are many who are offering webinars and training sessions on using these tools in a recruitment capacity. Even I’ve jumped on the bandwagon; I’ll be giving a presentation in June at the Fordyce Forum on incorporating social media tools into your recruitment strategy.
Please take the time to read the entire article here.
(hat-tip to Deborah Maggart for alerting me to this article, as well as David Simonds for the awesome illustration)
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