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?