With the many changes that companies have faced over the last few years, they cannot have the same talent acquisition strategy they've been using in place and expect it to still work. Companies need a talent acquisition team that can accommodate to the ups and downs of the economic landscape — a company that is not being flexible will fall behind in this volatile market.
This episode of HRO Today's Educational Podcast series features a conversation between Elliot Clark, CEO of HRO Today, and Jason Guggisberg, Vice President of Enterprise Sales for DZConneX. They discuss the looming economic uncertainty and the current difficulties talent acquisition professionals are experiencing.
Watch the Podcast here:
How to Survive the Looming Recession
Companies have no visibility into the future right now thanks to the looming recession, inflation, talent shortage, etc. Since having a view of the future is unclear, it's difficult to make a workforce plan that you can be confident will succeed. One thing this uncertain environment should reveal to companies is that they should include both permanent and contingent hiring in their workforce plan.
This is when it makes sense for a lot of organizations to partner with a talent expert. Talent experts can help companies navigate the volatile market and be prepared to adapt to any changes. In the podcast, Jason mentions that at DZConneX, we advise clients to ask themselves certain questions to see if they're ready for the future and help them prepare if they're not. We also encourage them to look at their workforce plan as a Total Talent strategy rather than just focusing on individual aspects and hoping everything comes together seamlessly.
Focus on Long-Term Goals
Despite all the uncertainty, setting long-term goals is still essential to any organization's success. Jason mentions how we advise our clients to decide where they want to be five years down the road and understand that there is no mathematical formula to ensure they achieve these goals, but having a strategic talent roadmap while remaining flexible will allow them to succeed.
It's important that company leaders are not too focused on the potential economic downturn and don't insist on doing all their planning around it. It's best to make a plan and pivot where necessary instead of making a plan that focuses on potential changes that could arise. In the podcast, Elliot and Jason continue to discuss how a talent partner can help companies see the long-term view rather than getting caught up in the short-term.
Uncertainty is inevitable; how you plan for it and how willing you are to pivot is key to being successful during these uncertain times. To win the war on talent, companies should have a talent partner that is armed with the resources to be flexible and mitigate risks during changes in the talent landscape. To listen to the full podcast, click here.