Just a few short weeks ago, you may have been thinking about hiring. Whether it was filling an open role on your team, filling a new need due to growth, or even expanding entire segments of your business. But for many companies, that forward momentum may have suddenly shifted.
In the midst of this current crisis, many companies are laying off employees. Some industries have picked up the slack and are hiring, but many other businesses have put their hiring on hold. While plans may have changed dramatically, you should still be looking to the future and the growth you had previously planned. If you are still working towards your projected growth, what are your options right now?
1. Redistribute current resources.
For companies with a hiring freeze, it’s a great time to engage current personnel. According to Aram Lulla, General Manager of Human Resources, you should continue engaging existing staff members. This can prove challenging with everyone working remotely; however, you can keep employees motivated with regular virtual meetings/video conferences to keep everyone together. He notes that this is, unfortunately, not a temporary situation, so holding regular meetings allows employees to feel still connected. Can two jobs be combined into one temporarily? Has someone on your team been looking for growth opportunities? Evaluate your current resources and see how you can get by with what you have.
2. Consider contract employees.
If you have an urgent need that will help your business during this time of crisis, consider hiring a contract employee. Some of the benefits of a temporary hire include a shorter hiring process, saving on the cost of benefits and other traditional onboarding expenses, and no long term commitment to paying a large salary. You may also be able to focus on bringing in someone highly skilled in the niche you are looking to fill and who is excited to help solve a problem for your organization during this time. Many contractors have entered the space due to their years of expertise in an area. Contractors also bring a fresh perspective that, especially during a crisis, can level-set expectations appropriately. You can also set shorter timelines to fit your current budget and then extend the contract as needed if it proves valuable. Work with a staffing firm like Lucas Group to find top tier contractors for your immediate needs that can be flexible while you adjust to the new normal. While the initial cost is higher, the value provided can be exponentially higher as well. People impacted by a recent layoff may be willing to take a contract opportunity while they determine their next role, and Lucas Group has relationships with the individuals you need.
3. Get creative with the hiring and onboarding process.
If you can hire right now, businesses can get creative with the hiring process. For example, you can hold interviews via Skype and other types of virtual conferencing. Lucas Group has software that can help you interview some great candidates virtually. Our teams can help talk you through some of the current challenges you would face during a remote onboarding process. There are certainly some unique challenges and considerations, but our recruiters are here to help you work through those and create a plan with you.
4. Pause and reflect.
The economy was strong before COVID-19, and businesses can expect to bounce back once the situation is resolved. In the meantime, you can refine your job descriptions, making sure to have the roles and responsibilities buttoned up to appeal to top job seekers. Evaluate your onboarding processes and your company culture to ensure you know what type of individual will be the right fit. Define what you need within your organization and make sure you have thought through the skillset you are looking to hire, so when the economy bounces back, you are ready to hop on top talent who may be looking for a change after spending time reflecting on their role.
Due to company restructuring and layoffs during this crisis, there will be a lot of great talent on the market who can help propel your organization forward. Be ready for them, and make sure your organization is set up for success when the time is right.
No matter which route you take, it is essential to stay focused on your goals for 2020 and beyond. This unprecedented event has thrown our entire country for a loop. We are all dealing with these changes and struggles together, and we will move past this. Business will come back, and it is essential to spend this time preparing to accelerate forward when it does.