 |  Message from Chuck Smith  | | Chuck Smith
President of New Office/NewHire™ | | The Upside of Hiring in a “Down” Economy
You’re probably as tired of the word “recession” as I am. Money is tight everywhere, so we’ve filled this issue with discounts and money-saving tips.
Be sure to take advantage of these offers and feel free to forward them to your colleagues.
Here are some recession-proof practices to help you make the most of your recruiting dollars:
Take advantage of the large number of job seekers.
This is a great time to see who’s out there and to give yourself some options even if you don’t choose to hire. NewHire lets you see who’s available at a lower cost than many traditional recruiting methods. In fact, one of NewHire customers just hired two employees for less than $1,000 per position compared to the $10,000 per position he spent on three previous hires. How could your business benefit from that extra $28,000?
The strongest hiring practices are countercyclical.
That is to say the businesses that will explode out of the gate when a recession ends are those that added talent when other companies were shedding it. Imagine six months from now... would you rather scramble to fill positions you downsized when the recession hit or marvel at how well your new hires from six months ago are working out?
Create a talent pipeline so you’re ready to hire when appropriate.
When the economy turns around and companies start adding jobs again, the early bird will catch the worm. In other words, those companies which are ready to hire will be able to make the first offer to the best talent. Are you going to be ready to hire, or are you going to be ready to start looking? Using NewHire to create a pipeline of pre-screened talent is one of the best ways to make informed hiring decisions with no more than a moment's notice.
It’s a great time for opportunistic hiring.
You may not need to add workers, but is there someone you dread seeing on Monday morning? How would your morale improve if you replaced that person? How would the productivity of your other employees improve? Many customers use NewHire to confidentially search for and hire replacements to undo any past hiring mistakes.
Check out our new background check packages and save 10% until September 1, 2008
New Office / New Hire offers a new array of background checks, criminal checks and credit checks to provide further insight into the important attributes of candidates. This crucial part of the pre-employment process can assist employers in making more informed hiring decisions while simultaneously avoiding costly bad hires.
Visit our Background Checks page for more information.
Please note that you must refer to this offer in order to receive any discount.
| |  | |  | Identify the best candidates | | Manage & share candidate information | | Reduce your time-to-hire | | |  | | | | | |
