Are Economic Trends Affecting Talent Recruitment?

by Evil HR Lady on July 23, 2018

No matter how hard you work to control the environment within your organization, there are economic trends affecting talent recruitment. This means that HR leaders need to be keenly aware of what is going on to make necessary changes. So what changes do you need to make to your recruitment strategy when forces outside of your control take place?

Here are three examples that could help you decide:

1. An Oil Boom

Bloomberg reports that North Dakota saw a tremendous increase in jobs with the oil boom of a few years ago. HR personnel had to go outside the local area for workers, and there was also no housing available. The high demand for workers meant that pay was high, but housing was still scarce. In response, companies built housing for their workers. This meant that not only was HR recruiting and hiring, they were acting as landlords, a far cry from the typical day of a generalist.

To keep reading, click here: Are Economic Trends Affecting Talent Recruitment?

{ 3 comments… read them below or add one }

Chris Hogg July 23, 2018 at 2:03 pm

Dear Evil –

You write, “A large number of candidates can make hiring managers think they can find the “perfect” one. But this type of candidate doesn’t exist.” If only employers would accept this one concept, and if job seekers would only give up the notion that they can do anything, what a wonderful world this would be.

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Champagne_Dreams July 23, 2018 at 2:43 pm

IBM? Didn’t they recently tell their entire workforce to find an IBM office to report to every day or else find a new job?

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Mira August 3, 2018 at 5:47 am

Hiring can often turn out to be a tricky job and it can get really difficult at times for the HR folks to manage it all manually. This is where a good HRMS system like Digital HRMS – a HRMS software that offers automated leave management and makes recruitment easy and hassle free – can really help.

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