How often we have read that various companies are implementing hiring freeze and that recruitment activities are on hold and there is a drastic cut in recruitment budgets.
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7- Do you think that it is the only way out in an Economic downturn?
- Will our business problems be solved if we implement hiring freeze and cut recruitment budgets?
- Don’t you think that on the contrary it will only hamper in company’s growth?
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There are various areas that a company looks to reduce costs, and recruitment is one of them. However, a recruitment freeze may not be an effective solution.
1) Appropriately defining a company's recruitment criteria and then recruiting according to those guidelines is very important, which most companies don't do.
2) The time spent analyzing a candidate's stability and key strengths as per job requirements is insufficient, resulting in the recruitment of incapable or incompetent individuals.
3) Paying adequately and recruiting fewer candidates would attract the best in the industry and ultimately help in spending less time replenishing vacant positions.
A company develops when the people in the organization develop. This means that existing personnel in the organization are capable of handling more responsibility and are moving to the next level.
From India, Calcutta
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1) Appropriately defining a company's recruitment criteria and then recruiting according to those guidelines is very important, which most companies don't do.
2) The time spent analyzing a candidate's stability and key strengths as per job requirements is insufficient, resulting in the recruitment of incapable or incompetent individuals.
3) Paying adequately and recruiting fewer candidates would attract the best in the industry and ultimately help in spending less time replenishing vacant positions.
A company develops when the people in the organization develop. This means that existing personnel in the organization are capable of handling more responsibility and are moving to the next level.
From India, Calcutta
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Thank you, Anirban, for the updates. I completely agree with you that rather than freezing, we should be cautious while recruiting. During a slowdown, we can access the best talent available in the market, and one can capitalize on that as well.
Amit
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Amit
Young HR Manager
Innovation, the Key for today's Successful HR Managers
[Young HR Manager Website](http://www.younghrmanager.com)
From India, Gurgaon
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BEST RECRUITMENT STRATEGIES.doc
BEST RECRUITMENT STRATEGIES.pdf