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While U.S. jobs numbers held steady in 2023, economists are still speculating on whether a recession will hit in 2024 (paywall). But if hiring does continue to cool and ultimately slow, that doesn’t mean HR leaders can rest on their recruitment laurels. The savviest businesses are proactive in their talent acquisition strategies no matter the economic situation or employment landscape.
Proactive recruitment is all about maintaining a competitive edge and maximizing your adaptability as a business. Historically speaking, market conditions can quickly change, and what goes down comes back up at some point. Plus, the unexpected may occur within your company, like a high performer or someone in a hard-to-fill position suddenly putting in their two weeks' notice, requiring you to hire at lightning speed.
So even if you’re not in a financial position to hire right now, you’ll need to be ready when the time is right.
When increasing headcount is off the table, talent acquisition—as well as development and management—can and should be top of mind for forward-thinking businesses. By implementing these six recruitment tactics, you can help ensure that your organization stays ahead of the game during a hiring slowdown.
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