Is it time to invest in talent?
DCA members are, of course, talking about the layoffs – and considering the talent acquisition opportunities they present. This week Meta (Facebook) announced 11,000 layoffs, piling its colossal reduction in force atop RIFs from other high-tech household names. CNBC has a running tally of recent layoffs here.
A lost job is always bad news, but finding a new job has arguably never been easier: the U.S. economy has 10.7 million open jobs. Which is to say – until recently, finding the right talent has never been harder.
What to do?
Talent-starved companies suddenly have a major opportunity to hire the right people – just as dark clouds roll in to darken the economic skies. What to do?
Questions DCA Members are Asking:
- Should we stay committed to picking up key talent – even as we are tightening our belt in other areas? Or should we suspend some open positions until we know what’s next?
- Should we “trade up” for better-fit talent than we have now? More bluntly, should we reduce our own staff and then take advantage of a better labor market?
- Should we take the opportunity now to pull our staff back into the office?
- Should we hire in our geographical market, or simply target the best-fit talent wherever they may be? And if we do the latter, can we still bring our current staff back into the office – since we’re hiring new people who will always be remote?
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