Hiring 101 – Use the recession to upgrade

Brad touched on this subject and I’ll expand upon it. Upgrading your talent during the recession could be one of the most important steps you take as a manager or executive.

The recession provides the perfect opportunity to upgrade your team. We’re in one of the deepest recessions I’ve witnessed in over 25 years of executive search. Many of our clients are systematically looking at their management teams and determining which roles can be upgraded.

In our lifetimes, we may never see a job market as bad as this one – many companies, especially entrepreneurial and middle-market companies, have a unique ability to acquire talent right now – that they will NOT  have an opportunity to acquire in 6-12 months as the job market begins to return to a more traditional level. There are some exceptionally talented individuals available right now – for an affordable compensation level.

Upgrading a few key roles where you currently have “under-performers” could allow you to create an extraordinary team, develop a competitive advantage in your people, or become a “rock-star” manager/executive due to the flawless execution your team can deliver.

If you’re a manager or executive and not looking at every role to determine whether to upgrade the position now, we believe you’re not only missing a historic opportunity, but you are also abdicating your role as a manager or leader.

Barry

Related posts:

1. Featured in Forbes.Com Article on Hiring During the Recession
2. You’re Running Out of Time to Upgrade Your Team
3. Top Strategy in a Down Economy: Upgrade Your Talent