Last Friday I was joined by talent acquisition gurus Jeremy Eskenazi and Dan Kilgore of Riviera Advisors to discuss what 2009 has in store and how we can gain an advantage even in these difficult times. Although hiring is expected to continue to weaken throughout 2009, they showed that by thinking creatively, companies are able to survive and even succeed during the recession.
For instance, companies have been able to compensate for a reduction in placements by insourcing what is typically outsourced, unbundling packaged services, and conducting internal assessment to weed out inefficient practices. Sometimes practices are so steeped in tradition that it takes a step back to realize they are no longer working. It’s a time to optimize your business and resources such as applicant tracking systems to be as efficient as possible.
They also discussed how difficult recruiting passive candidates has become as people have become afraid of leaving the security of their current jobs. There are still pros and cons to passive recruiting, but the dangers of exclusively recruiting passive candidates in the current economy were made clear.
At the conclusion of the presentation (about 45 minutes into the video) Jeremy and Dan fielded questions from the audience. I found their thoughts on recruitment process outsourcing and passive recruiting to be particularly interesting. View the slideshow and archived video of the presentation below to learn more!