Winners & Losers in the Industry During this Time Period May 13, 2020
Companies will either come out of this time as a WINNER or a LOSER when we move past the virus and the effects it has had on the economy end.
What are the WINNERS doing in this time?
- Communicating regularly.
- Creating a plan and continuing to execute the plan day in and day out.
- Living with gratitude for what they have and realizing people are their number one asset.
- Taking care of their best people by being flexible, supportive, and empathetic.
- Continuing to interview and hire in an expedient fashion.
- Living through their values and shining in the darkness.
What are the LOSERS doing in this time?
- Not communicating.
- Lacking a plan and tend to be wandering.
- Living with fear and treating people like a commodity.
- Laying people off; furloughing them, etc.
- Cancelling/putting roles on hold and worse yet interviewing very slowly.
- Not living through the company values and disappearing into the darkness.
So if you’re a company that thinks you’ll be able to get your people back or hire new people when this virus passes and the economy returns to normal, it will be too late. People will remember how they were treated, direct or passive-aggressive, during this time and we will be faced with not having enough of the “right” people to hire.
Yes, unemployment has risen to above 4 for the first time in over a year. But the reality of this number is most of the people that companies have targeted in their sectors are gainfully employed or highly sought after by the market and they want more than just money. They want to be treated with respect and feel secure in both the good times and the bad times. Think of the marriage vow – “In good times and in bad.” People have long memories.
The great companies are winning now and the not so great companies are losing now. Which do you want to be? Decide and act accordingly.
Written by: TIM SAUMIER, President and Founder
Tim Saumier started his recruiting career when he opened TYGES International back in July 2002 after purchasing a franchise from MRINetwork. He has grown the business from start-up office in 2002 to where it is today helping clients around the world solve their talent acquisition problems. While he does place people with companies, he brings much more through his consultative coaching with both companies and individuals hence the reason he has built long-lasting relationships that continue to work with TYGES.
Prior to starting TYGES, Tim spent thirteen years in corporate America with companies like John Deere, Moen, and Philips where he had the opportunity to work in supply chain, operations, and engineering during his career.
“We’re here to make good things happen for other people.“
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