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Many employers roll back hiring during uncertainty and wait until the economy settles. They’re right to avoid the risks of overhiring, but hesitancy also has consequences. Smart employers adjust hiring while investing in talent who will move the business forward. Hiring is how companies acquire their most important asset — people. When companies make valuable hires, they: Amid uncertainty, businesses want employees who are worth the investment. This requires confidence, not hesitancy. The time is now: It’s a better time to hire than you might assume. The job market is healing. Unemployment remains low, and everyone’s competing for talent. The Great Resignation is over. With turnover slowing, recruiters can focus on pursuing top talent. Wage growth is slowing. Inflation persists, but you don’t necessarily need to overpay talent.
THE BUSINESS CASE FOR SMART HIRING IN UNCERTAIN TIMES In an uncertain economy, hiring with confidence is more important than ever. Build a skilled workforce. Create a strong talent pipeline. Avoid hiring blitzes. Reduce burnout. Spur innovation and productivity. MAKE THE BUSINESS CASE FOR HIRING The risk Employers fear the risks of overhiring, such as imbalanced budgets and layoffs. But hesitating to hire slows businesses down. They fall behind on workforce planning, overburden current employees and lose out on fresh ideas and skills. The reward Stability: Employers could be battling for talent soon. Taking a steady approach to hiring helps employers stay focused on quality over quantity in the long term. A shrinking labor pool intensifies competition for employers.
Innovation: Proper staffing levels prevent burnout. Strategic hires buoy productivity and innovation by contributing new perspectives, ideas and skills.
report negative mental health impacts from their jobs. GET IN TOUCH WITH CAREERBUILDER TO LEARN HOW TO FIND THE BEST HIRES THIS YEAR. Sources:
