- You’ll actually have to spend more time recruiting coveted talent. Today they’re harder to find, court and land.
- Candidates make “career moves” not “job changes”. It’s unlikely a candidate will accept your offer unless you can convince them there is more upside. Focus on the value proposition of the new opportunity such as their ability to make a greater impact and growth.
- Focus on improving your Employment Brand. All good things take time and effort. Your employment brand is no different. Now is a good time to apply heat, light and focus to your branding efforts. Brand or be branded!
- Source from companies and industries that are faring worse than yours. This alleviates their risk factor of making a move and changing jobs.
- Top grade your recruiting staff. Companies that downsize or have req. freezes often reduce their recruiting department. Pursue and hire all-star recruiters to replace mediocre ones. I hired some of our best recruiters shortly after the dot com bust.
Austin in general or your company specifically may not be overly affected by the economic slowdown, but activity levels of prospects and candidates are. It seems to always be a “candidates’ market” in Austin, TX. Happy hunting!
Guest blogger Greg Garrison is president of the Startup Staffing Group, a vcfo company (and my co-worker and an all-around nice person)