8 Ways to Retain and Hire Talent In a Recession
8 Ways to Retain and Hire Talent In a Recession
Identify Your Stars
With pressure to cut costs while maintaining services and standards, the first challenge is figuring out who makes the list of office MVPs, and who goes onto the unemployment rolls.
Talent retention can be a challenge, even as bad times persist. Management must focus on keeping essential workers happy, be prepared to hire opportunistically, and to resume growth when the economy improves. That means reacting and adapting to a changes in the job market, and having flexible plans in place in order to retain and attract talent -- even as the protracted downturn changes the rules of the game.