When economic downturns take place the unfortunate outcome, as we currently, layoffs and furloughs often follow as businesses focus on survival. It’s an unfortunate result. But there is an upside regarding talent acquisition: improving your company with talent that would otherwise be unavailable in a strong economy.
Talent defines each company and each department’s success. The better talent, the stronger your company becomes.
Currently in the health care sector for example, while there are not enough nurses and doctors to serves certain epicenters, the cancellation of elective surgeries and quarantine have left hospitals way below census. However, that cut the need for staff in the health information niche’. So that left many of the nation’s best coders, clinical documentation specialists and other roles unemployed.
While we understand that things will eventually return to normal, and hopefully beyond, the point remains the same. Some of the most talented individuals are sitting on the sidelines.
Contract employees are a very useful tool for businesses. It has many benefits and flexibility that allow
companies to grow with support when needed.
The other benefit is having access to free agent talent. There are opportunities to positively impact your company and your team.
Cost-cutting during a downturn is a necessity for building a profitable future. Rather than freezing all hiring and employee-development programs, companies should use this period as an opportunity to upgrade talent and better engage existing staff.
For more information contact Nick Borruso at firstname.lastname@example.org or (315) 225-4770