Recession-Proof Your Recruiting
Economists seem to believe that a recession is on the way… either a recession or a slowdown which will put a damper on everyone’s day. One of the datapoints pointed towards is a 4.9-5% unemployment rate. This is a high figure for the United States. It signals that 5% of the workforce is not working.
But look at it from another angle: 95% of the people in the workforce have a job! If you scored 95% on a test in school, you’d be overjoyed. 95% is a pretty high number. It means that when you walk down the street and a huge crowd of 100 people walk past you, only 5 of those people don’t have a job. 5 out of 100 ain’t so bad.
Will this affect your business as an employer or a recruiter? Definitely. Does it mean recruiting will cease altogether? Definitely not.
95% of the population is employed. Life hasn’t stopped. Businesses haven’t stopped. People are working. Jobs exist. Recruiting must exist as well. There’s less money out there, so everyone has to spend less. The recruiting must go on, but it just has to be done with less money.
External recruiters fill a vital function that employers can’t do without. They tap vast candidate networks and utilize extensive candidate development prowess to locate and land the perfect candidate. However, there may be less recruiting work out there than before, so recruiters may have to cut back on expenses. External recruiters can let SourceSimple handle the baseline sourcing function, saving quite a bit of cash and allowing efforts and resources to be focused on client relationships, passive candidate search, and candidate development.
Employers with parse internal recruiting resources who want to compete in the same market as powerhouses may be looking for inexpensive ways to ramp up their recruiting efforts. SourceSimple provides the resources and manpower of a much larger organization without the risk and overhead of doing it yourself. It’s a very reasonable solution at a very inexpensive pricepoint.
There are, I’m sure, ways to save money that don’t involve SourceSimple… but for some reason I can’t think of them right now. =)