Wharton Prof Peter Cappelli hit this one out of the park.
Although “I’m betting that this downturn will become nasty fast,” he says, that doesn’t necessarily mean that a recruiting department that could have too much time on its hands should be axed.
He argues that before recruiting-department pink-slips get printed, companies should:
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- Figure out what the chances are that next year they’ll need recruiters who really know their company.
- Then calculate what it’ll cost to hire such recruiters next year if the company has laid off its critical recruiters and needs to start from scratch.
- Lastly, decide whether it might be better off just keeping who they’ve got.
It’s an exercise that could and should be done in another departments on the proverbial chopping block.