Tending to Talent in a Downturn

Originally published in Pinstripe Insight Talent Newsletter

Many industries today are facing enormous demographic, economic and competitive challenges. Talent management has become a growing concern and recruitment offices are stretched more than ever, as companies struggle to handle the double whammy of an increase in applicants and a decrease in budget. Still, industries like energy and healthcare continue to grow.

Recognizing the critical role talent acquisition and management plays at time likes these, leading organizations are trying to contain costs without losing their focus on attracting, retaining and engaging the talented people critical to the success of their organization. As companies look to fill these positions, they are confronted with the paradox of skill shortages in some areas, and an overwhelming surplus of applicants in other areas. Although demand has shifted, these organizations need to build in dual processes for dealing with applications and also recruiting specialized in-demand positions.

A Fresh Approach
Now is the time to build in efficiencies, maximize existing tools, eliminate waste, innovate, manage vendor relationships, and establish strategic partnerships. Following are steps you can take today to proactively manage in these turbulent times.

Click here to read the full article.