Strategies and decisions that worked well can fail you in a slow market. Hence it is important to take a pause and understand the trends and patterns associated with recruiting in a slow market. Studying the past can be very useful under these circumstances.
If your company has been in business for more than 7 years, look at data during 2002-04. How did you handle the slowdown last time? Were there any significant lessons learnt that you could implement now? Do you have any insights into the recruitment industry trends and patterns then, which you could use today? Should you change your business model and focus?
Answers to these can help you find ways not only to sustain and grow your business in the down market, but also make you immune to future recessions.
Information Developer, Technical Author, Content Writer, Blogger
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