Eye of the unemployment storm is a great chance to recruit
August 13, 2009
Last Friday’s BLS job report was the eye of the unemployment hurricane. There are many theories about why this unexpected slowing in job loss is happening. I believe the slow can be directly linked to the Trillions of dollars the Obama administration has put into the economy over the past few months. Kudos to them for putting a stop to the bleeding but it is only temporary. Just like the brief calm at the eye of the storm this feels good, but don’t forget that the worst part is yet to come. Many believe we will see a 10% or 10.5% unemployment rate before the situation gets better in 2010. If we are looking at the glass as half full, and this is in fact the eye of the unemployment storm, at least it means it is half way over, right?
What does this mean for Healthcare recruiting?
This is a time for internal and external recruiters to take advantage of some good news in the media. For the past 18 months employees have been pummeled with bad news about the economy, job outlook and their retirement funds. Over the past two weeks we have seen good news with the housing index and now the unemployment rate slowing. Use this momentum to your advantage when targeting your top candidates who were reluctant to make a move before. These employees are just like you and I, they are hearing the good news and will be more receptive to a job change if they believe the future isn’t dire straits. We all have those “ideal candidates” now is the time to give them the offer they can’t turn down.
Mike
- Categories: Employee Attraction, Employee Retention, Uncategorized
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