Tag Archives: recruiting

Top Strategies for Recruiting in a Recession

Posted on by Vaishnavi Srinivasan
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We’ve gone through a turbulent time of inflation and labor shortages, and now worries of a looming economic downturn as the pandemic recovery proceeds. However, some industries are still doing well, while others are going through extremely terrible times and making difficult decisions.

Even the savviest talent management (TA) managers and recruiters may find it challenging to function in this everything-is-weird economy.

Whether or not a recession occurs, having some safety net programs in your hiring strategy can help during a labor market constraint and give your company a competitive edge when it comes time to cut costs.

Since the last recession, companies and active job seekers have realized that recruiting during a downturn is completely different. Numerous companies are keeping an eye on the state of the market, learning from it, and putting innovative hiring methods into action today and in the next.

How does hiring change during a recession?

Economists define a recession as a time when economic activity has significantly decreased. Drops in investment, declining firm earnings, and increased unemployment are common characteristics of recessions. The most recent recession, dubbed the Great Recession in 2007, resulted in a 4% decline in global economic growth and 10% unemployment at its height.

However, corporations can institute employment freezes without a recession. Unemployment rose beyond 14% during the COVID-19 epidemic, outpacing the Great Recession. The hiring of new talent frequently stalls as the economy contracts. Some businesses even start making layoffs. Employer engagement and retention become the primary concerns instead of hiring.

What ought to be avoided during a recession?

In the past, businesses that kept hiring during a downturn benefited from the market. If you can, prioritize hiring new employees during a potential recession since you never know when the most extraordinary talent will become available.

Many renowned businesses were able to use a downturn to their advantage when it came to hiring. At a time when many other businesses were starting to struggle, Hewlett-Packard hired the top personnel by getting the benefit of the engineers who were leaving the shortly US military labs. In the 1970s, Microsoft employed people amid one of the most severe 16-month economic downturns while, at the same time, the company was getting off the ground.

Many businesses must acknowledge the fact that the economy is in a slump, though. Expanding the workforce or continuing operations isn’t always financially feasible.

Harvard Business Review experts found a pattern among businesses that were able to modify their hiring procedures during challenging economic times. According to an analysis of 4,700 businesses throughout the last three recessions, 9% used a “progressive orientation” to emerge from the crises. These businesses did make cuts, but they were deliberate.

In a downturn, how do you recruit?

Take stock first. Take into account the resources you will require now and into the. The following elements are to consider:

Long-term objectives for your company: Can you move swiftly to discover skilled candidates and benefit from a promising job market? What knowledge and abilities will your team require to keep innovating?

Needs for immediate hire which jobs do you presently have available? Is the priority of those available posts high, medium, or low?

With your capacity to identify candidates, you can get more applications during a downturn as people look for new jobs. Is your hiring staff prepared to handle more applications than usual?

There are six methods to employ when hiring during a recession.

  1. Analyze the abilities needed.
  2. Meeting with unresponsive candidates
  3. Form a task force to focus on a specific area of the workforce
  4. Find resources that make screening simple.
  5. Hire remotely
  6. Keep fostering internal talent

A skills gap study can help you find a skill set that your workforce requires but may still need. Skills gap studies can help you prioritize hiring, identify areas for development and training or decide how much money to spend on new partnerships or technologies.

Consider forming a working group dedicated to recruiting the much more promising new workers from the target industries if you’re willing to hire in large quantities.

You might be able to use shifts in the labor market to snag groups of active job seekers, much as HP sought out quality prospects leaving the military.

In a downturn, many business owners can feel they lack the resources to hire. However, recruiting remotely can be successful. Remote workers frequently have lower salaries, are less expensive to hire, and have a broader range of talents.

An available position may be filled internally or externally, depending on the situation. You can train your current employees to tackle new tasks. Take into account which of your existing staff can be guided to successfully transition into new roles because training costs are frequently less expensive than hiring expenditures.

How to Develop a Recession-Resistant Employee Retention Strategy?

When it comes to overseeing human resources, this downturn retaining employees plan will maintain staff morale and force a company to surf against recession.

  • Communication is essential.
  • Concentrate on Training
  • Give Recognition
  • Maintain Contact
  • Request Feedback
  • Take Initiative
  • Effective Change Management
  • Maintain Your Balance

Organizations must go above and above to establish a work-life balance to retain personnel. Every employee values their time away from the job, and any firm that restricts it in any way, purposefully or unintentionally, would face a significant attrition rate, even in a recession.

Conclusion

Numerous businesses are pausing or preparing for a pay freeze due to high inflation, fluctuating borrowing costs, and other factors. When this happens, the labor market’s demand may shift rapidly in favour of employers.

Take your time with economic booms to fill your personnel pipeline; companies that hire during a downturn can emerge from difficult times better positioned for the future. Consider measures to strengthen employee resilience as you prepare your recruitment policy during a downturn. This can assist in directing your employment process and ensuring that you’re utilizing competent applicants who could currently be looking for a new job.

How To Make Your LinkedIn Profile Noticeable To Recruiters?

Posted on by Samina Tinwala
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LinkedIn is a powerful tool for professionals looking to advance their careers and make connections in their industry. If you’re hoping to attract the attention of recruiters on LinkedIn, it’s important to have a strong and well-crafted profile that showcases your skills and experience.

Creating an effective profile is a multi-step process that starts with creating a professional headline, optimised with keywords, and then developing an engaging summary, featuring a profile picture and contact information. After that, you’ll need to list your past positions and create detailed descriptions of your professional experience, skills, and accomplishments. Finally, you’ll want to use the profile to showcase your education, certifications, and any other relevant information.

By taking the time to create a strong, professional profile on LinkedIn, you’ll be able to make yourself stand out from the crowd and give potential employers a better understanding of your background and qualifications.

Tips to help you make your LinkedIn profile noticeable to recruiters:

  • Use a professional profile picture: Your profile picture is the first thing that recruiters will see when they visit your LinkedIn profile, so it’s important to make a good impression. Choose a professional, high-quality headshot that accurately reflects your appearance. Avoid using selfies or group photos, as they can be distracting and unprofessional.
  • Write a compelling headline: Your headline is the short summary that appears under your name on your LinkedIn profile. Use this space to highlight your skills, expertise, and professional achievements. Avoid using generic titles like “Marketing Professional” or “Software Developer.” Instead, be specific and showcase your unique value proposition.
  • Use keywords in your profile: Recruiters often use keywords to search for candidates on LinkedIn, so it’s important to include relevant keywords in your profile. Include industry-specific terms, technical skills, and any certifications or qualifications you have. This will help recruiters find your profile when searching for candidates with specific skills or experience.
  • Include a detailed summary: The summary section of your LinkedIn profile is your opportunity to tell your professional story. Use this space to highlight your achievements, skills, and experience, and explain how you can add value to a potential employer. Keep it concise, but be sure to include enough detail to give recruiters a sense of your background and expertise.
  • Highlight your work experience: Your work experience section should include a detailed list of your past jobs, including your responsibilities, achievements, and any notable projects you worked on. Use bullet points to make it easy for recruiters to quickly scan your experience. You can also include links to any relevant work samples or projects to give recruiters a better sense of your skills and capabilities.
  • Include your education: Your education section should include the degrees or certifications you have earned, along with any relevant coursework or training. Be sure to include the name of the schools or institutions you attended, along with the fields of study and any relevant coursework or training.
  • Include relevant skills: Your skills section is an important part of your LinkedIn profile, as it allows recruiters to quickly see what you are proficient in. Be sure to include a mix of hard and soft skills, and consider adding any relevant certifications or qualifications.
  • Build your network: Connecting with other professionals on LinkedIn can help you expand your reach and make your profile more visible to recruiters. Consider reaching out to industry peers, colleagues, and former coworkers to establish connections. You can also join relevant LinkedIn groups to connect with others in your field and share your expertise.
  • Participate in LinkedIn discussions: Engaging with other professionals on LinkedIn can help you establish yourself as an industry thought leader and make your profile more visible to recruiters. Participate in LinkedIn discussions, comment on relevant articles, and share your own insights and expertise.
  • Get recommendations: Recommendations from former colleagues or managers can add credibility to your LinkedIn profile and make it more attractive to recruiters. Reach out to people you have worked with in the past and ask them to write a recommendation for you. Be sure to return the favor and write recommendations for others as well.

Conclusion

By following these tips, you can make your LinkedIn profile more noticeable to recruiters and increase your chances of being discovered for new opportunities. Remember, your LinkedIn profile is a key component of your online presence, so it’s worth investing time and effort into making it as strong as possible.

Click Here To read “How to find candidates without a LinkedIn Recruiter?”

The Benefits of Hiring Young Employees

Posted on by Tanya Rastogi
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The current situation of the job market is unstable! It is due to the complexity of finding the candidates who qualify. However, companies are exploring different ways to boost the era with intense growth. Reports say that trainees are more flexible with extra hours of hard work.

The current youth is experiencing a rapid demand in the job network nowadays. Every young person aims to perform best in their first job. Their enthusiasm and sincerity in the workplace are inevitable! Excellent performance at work reflects on one’s mental health.

Nowadays, industries and governments look forward to hiring as many youths as possible. The main motive for hiring youngsters is to embrace and explore the benefits.

Why Young Employees?

Young employers offer transparency to their co-workers and stay loyal to company standards. The innovative initiatives and up-to-date knowledge of the newbies support organizational growth. Many people are seeking retirement at an early stage, so companies are looking for top talent simultaneously. The fresh graduates are multi-taskers with skillful and passionate efforts. Their new skills and creative ideas develop the future flourishment of your business.

Companies look forward to the continuous advancement of traditional standards of employee selection. Young employees provide never-ending benefits, including productivity, independence, and financial security. Hence, every newbie in the job network creates a sustainable future. Every employee has a unique style of working that enhances the diverse cooperation of different brains.

Advantages Of Employing Youths

  • Maximization Of Productivity

New hires have high-valued morals and quality goals. They put extra effort into meeting the company’s desires and blooming their growth with extraordinary performance. The bright side of massive productivity is that it is motivational at the best level for other co-workers. A newbie’s hard work won’t end up in the long run! They will fasten their speed to compete with the senior employees.

The companies appreciate their focus on career advancement and, thus, promote youth recruitment. Their extra efforts help them win parity with their co-employees. They are responsible and avoid every mistake to maintain their personal/professional goals. Organizations must not concern themselves regarding the investment they make for newbie training. The amateurs may not have experience, but their high productivity contributes to an organization’s long-term goals.

  • Intense Patience For Career

The younger the employees, the higher their passion! Their career activity strength is mesmerizing over long-term seniors and colleagues. Their energy and passion are inevitable as it is their first employment opportunity. The employers have super-high expectations regarding the commitment and quality of results from newbies.

They are enthusiastic about everyday routine work. The reason behind their explicit passion is their interest in the field they work. Companies must train employees and let them have the best time. They can offer their learnings and put them into practice for the best results.

  • Tech Advancement And Agile Development

The Millenial age surrounds technology that enables them a natural hold on the tech world. They have a keen ability to understand different technologies. The young generation provides a business-driving impact and supports the assistance of hi-tech software. Modern-day priorities are continuously changing that keeping workplaces in a state of flux. Thus, millennials are the perfect choice for a modern work environment offering adaptability. The workplace today is highly agile and fast-paced due to youth staff.

  • A Motivational Learner

The newbies are keen learners with an extreme interest in the building experience. Studies have shown that 60% of 25 years olds have up-to-date contemporary qualifications. Their mindset of growth is so systematic that they absorb new skills at a quick learning pace. Their main motive of meeting workplace requirements makes them flexible. Young ones are easy to teach and follow intrinsic motivation. This way helps in fast growth and upscaling regarding new responsibilities. Their potential learning ability and highly flexible skills are something that every business needs.

  • Risk Takers And Future Planners

The current youth are proficient risk-takers who extend a business opportunity for success. Companies that have exposure to multiple cutting-edge strategies recruit young ones. The millennials’ successive knowledge and risk-willingness grab the attention of industry professionals. They are aware of what they desire and how to achieve their goals!

Experience turns one into an expert. Several contemporary organizations have intact knowledge and superlative-thinking capabilities.

Such industrial guidance boosts success through digital transformation. The hiring of newbies provides an impressive outcome. Their plans are as rigid as a hard rock!

Hence, the workforce must include a fully-fledged pack of youngsters who are keen learners with cutting-edge skills. Their top-notch adaptive nature makes them flexible and comfortable with every company requirement. The modern complex world is unsustainable due to variable demand and market variation. Thus, the newbie generation plans for the future with consideration of statistical probabilities. Thereby, it makes them a keeper and go-getters.

  • The Company’s Plus Points That Support Youth Hiring

The newbie employees are not under the pressure of meeting payrolls, unlike the old applicants with a top-notch experience. Every millennial desire to settle and cover the path of a happy job from unemployment. The 21st-century pandemic has already altered career-enhancing changes for newbies. The recession due to COVID-19 has affected several job perspectives.

Applicants who have intense experience demand high pay. However, companies need not spend several amounts on newbie individuals in the market. The newest employees are affordable, even though the millennials’ training might go expensive. But, this is not a worry for any industry or organization.

The early investment in training compensates through high productivity in the long run. Some business organizations hold security deposits in case of the employee leaves before completing the probation period.

The current generation brings positivity to the workplace. Proper instructions for a trainee makes them eligible for efficient growth. They are free from multiple office regulations as a newbie. However, a compact onboarding process is of utmost importance.

Lastly, handling younger workers is an easier task. They feel happy to work extra hours to contribute their efforts to a company’s success. Their multitasking capabilities and prior-to-schedule make them a worthy choice.

Conclusion

Several decades of advancement have led many organizations to foster growth through technology. Companies are continuously changing business practices with the trends coming up in the market. Millennials change their approach and mindsets according to market conditions with broad ideation. They are engaging and always energize the workplace, hence, encouraging others. Younger employees thrive in a fun work environment along with excellent outcomes. Thus, they are in better shape than the company’s old employees.

Top challenges startups face in recruiting and retaining talent

Posted on by Vaishnavi Srinivasan
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Successful business founders usually attribute their success to having the right team. This is mainly because an early employee may significantly influence a startup’s success narrative.

The journey that the members take together forms a fantastic team. Hiring the appropriate individuals is the first step, though. Faster success may be achieved, especially for startups, by hiring workers that fit the company’s culture and possess the necessary technical abilities.

Reputation and visibility of the business

As a startup, you may have yet to hear of your company. Unlike larger firms, you don’t have a good reputation to rely on when looking for talent. It gets harder and harder to get top talent if no one has ever heard of your company. Candidates taking a chance by joining a startup business they’ve never heard of is risky. As much as we are reluctant to admit it, perception plays a significant role in applicant selection and impressions of employer brands, which is why hiring for your company may be challenging.

Your employer brand and employee value proposition

First and foremost, you must consider what distinguishes you from your major talent rivals—and yes, this also applies to the more well-known athletes. Many applicants will be attracted to your startup’s goal, beliefs, and culture, especially those seeking a challenge or wanting to be a part of something new.

You probably haven’t given building an EVP—a set of standards outlining what applicants may expect from your role as an employer—a lot of attention if you have a small staff, but you should in the present labor market. This will assist you in determining what makes your company a special place to work, which you can subsequently share with candidates and lay the groundwork for candidate perceptions of your employer brand. The EVP will serve as a blueprint for your business’s culture, including how you treat workers and what you expect of them. It’s a helpful tool for setting yourself apart from the opposition and enhancing your employer brand.

Lack of available tech talent

Tech recruiting is now challenging for companies of all kinds, especially startups, due to a worldwide skills shortage. The number of tech graduates coming out of universities each year is limited, and firms are doing all in their power to retain experienced IT professionals. How can you fill positions to expand your company if they don’t exist? As much as we’d all like to, you can’t always afford to hire employees from scratch, and waiting for suitable candidates to find you will delay your expansion ambitions. Since applicants are being snatched up rapidly due to the strong demand for IT skills, many firms are left in a bind.

Contacting unwilling or different prospects

The fact that every startup, so-called “scale-up,” and established business look to the same talent pool to meet recruiting demand explains why many are having trouble finding talent. As a result, when it comes to hiring, businesses need to be innovative and think outside the box. Consider different approaches to enlarging your talent pool, such as deploying paid advertising campaigns to connect with and interest relevant passive prospects in your position, or reconsider your definition of the perfect applicant. While attitudes cannot be learned, skills can. As a result, it could be advantageous for you as a business if you locate people that match your passion and beliefs but who might need some assistance honing their IT skill set.

Increased talent competition

There is a big surge of organizations hiring and looking for the same skills, in addition to a shortage of talent. This is a challenge for startups since you have to make a solid first impression on potential employees who may have never heard of you. The question of remuneration also arises if you are in direct competition with major tech firms, such as Amazon, Google, or Facebook. Due to a lack of financing, startups sometimes cannot offer the same benefits and compensation as these well-known companies. This makes it more challenging to attract talent since you run the danger of being pushed out of the competition.

How to solve the recruiting problem?

Use a platform for recruitment marketing that enables you to centrally manage job ads and applicant responses. Most platforms also measure how frequently job ads are watched and clicked on, allowing you to reduce spending where it is ineffective. Making it a practice to review and analyze statistics can help you identify the sources that yield the most qualified applicants and conversions.

To draw in top candidates, you must hire them swiftly and streamline the recruiting process. To hasten the process, it’s critical to create a recruiting strategy that outlines the precise knowledge and expertise you want in applicants, the money and effort you can commit to the search, the number of candidates needed, and the duration of the interview process. Additionally, everyone on your team has to be informed of this strategy.

Using simple language in the position description is a fantastic place to start. Your job postings should outline the duties, obligations, and credentials you want in an applicant. A project or success story connected to the available position might be highlighted in your description to personalize it even more. Potential candidates should be interested and informed by your job advertisement.

Conclusion

Your recruitment expertise is the key factor influencing how a firm is shaped. By conquering the hiring as mentioned above difficulties, you will be establishing the stringent standards required for your business to remain competitive in the marketplace today.

All of the advice mentioned above leads down to this: while developing recruiting techniques, applicant psychology must be your priority. However, what has worked for others might not be appropriate for handling your unique applicants. As a result, you need to pay special attention to how unique your business is and what sector it works in.