Due to Covid a lot of people search for jobs right now. Be it due to short-time work, layoffs or the overall insecurity regarding the future. The current economic pressure forces employers to let people go even if their work is excellent. With best talents being thrown on the job market, eager to get back in the game, your time to hire has come. Even if their job is not on the line yet, they will most likely not wait until it is. They will start searching for job opportunities right away. Offer best talents a safe harbor of stability and future perspective which they so desperately seek right now. See it as an investment in your future as well. Because wheels will start turning again and you better be ready with your best people in place. To get the best on board you need to do your part though. Treat your current employees well during this crisis, give them security and keep them motivated. Put a strategic emphasis on employer branding in order to be interesting for current and future employees.
Trends on the job market see a significant decline in job postings. Thus, the competition for best talents is less hard right now. When hiring before the Covid crisis, companies were thrown into a tough competition, fighting for the best candidates. Employers are used to a dog-eat-dog world when hiring - often struggling to win against the most established, most popular and sought after companies. Currently, the rising demand for jobs across almost all sectors is a huge opportunity for start-ups and small companies on the rise.
In addition to the increased demand, people generally have a lot more time on their hands. This means that potential candidates are more flexible for calls and online interviews than ever before. Interview processes can move quicker, more seamlessly and without disruptions.
The only thing certain right now is uncertainty. No one knows how long the Covid crisis will last. Lockdowns started for a few weeks are now extended to a few months. National and international businesses have been forced to a halt all over the world. Yet, we look over to China and there is a glimmer of hope for the future - a light at the end of the tunnel. So what happens when we come out the other side? The fierce competition in product and services will start again, as well as the fight for best talents on the job market. Would you rather be one of the employers who invested in their future or those stalling because they didn’t?
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