Recruiting And Developing Talent During A Downturn - HR.com
During the 2008 financial crisis, many companies turned off their emerging talent pipelines. This had a detrimental impact over subsequent years, not only in fulfilling future roles, but also in making diverse hires. With these learnings in mind, many organizations – particularly ones that are committed to diversity – are preparing for economic uncertainty and re-visiting hiring strategy.It is important to note that this current economic environment is unusual, however. There are high labor numb