Human Resources Insight: Hiring in a Recession

Posted on August 19, 2008
Filed Under HR Effectiveness |

What are the pros and cons of hiring in a recession? Forbes focuses this week on finding the right fit for the increasing pool of displaced talent resulting from the current economy. Small business expert and author Jane Applegate discusses identifying talent and finding the right fit within your organization:

“The good news about hiring in a recession: There’s an awful lot of talent looking for a home. Between April 2007 and April 2008, an estimated 755,000 jobs were shed, according to the U.S. Department of Labor. Thanks to the housing crisis, a good chunk of those folks were in the construction business. But other areas are bleeding talent, too, such as financial services (93,000 jobs), manufacturing (47,000), information services (66,000) and leisure and hospitality (52,000).

“While having a bounty to choose from is a good thing, the hard part is finding the right fit.”

Read the full column “The Joys (And Perils) of Hiring in a Recession.”

Also check out Forbes.com’s “Tips for Hiring Outside the Box”:

Click here for more human resources management tools.

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