The Secret to Hiring through an Economic Downturn with Rick Girard of Stride Search Inc.

Doom & gloom is the impending economic forecast according to the media. Having flourished through two previous recessions, I have learned to look for the opportunity that comes with the adjustment. 

And when it comes to hiring, the opportunities to thrive are bountiful!

One trend that I have personally observed throughout the years is that companies like Google & Facebook silently ramped up passive recruiting during those times and were able to come out of the adjustment even stronger.

Today I challenge you to recognize the opportunity that lies ahead and to commit to the growth of your people. This can and will only have positive results for them and the business. 

Today’s Question:

How do you build a stronger company in tough economic times?

Today we’re going to discuss:

Why it is critical that you continue hiring activity
How to hire effectively to increase the productivity & retention of your people

Challenge today?

Keeping your High performers engaged
Your best people are MORE valuable!
They will be hunted by your competitors 

Hiring stronger people challenges & motivates the people you already have

Growth through an economic downturn
Look for the opportunity for your people
People become fearful and move to more “stable” environments
Recruiting remains a reactive activity
We only hire when we feel the pain 

Hiring happens regardless if you chose to participate
Participate 

Why is this important to the company?

Downturns are opportunities for growth!
The people onboard Fuel or Stifle growthFear drives people to make poor decisions
Poor decisions kill business

Avoid being forced to hire anyone who is willing to accept your role… because they need a job

Due to attrition

How do we solve the problem? 

PerspectiveUnderstand the value of continuously hiringHigher bar, less volume

Opportunity to opportunistically hire 
Attract people who will elevate performance in the organization  New ideas, new energy

Increased Communication to retain your current people

Career pathing
Know the “What’s in it for me” for every one of your people
Planned exits
Promote purpose

Engaging New People
Dedicate 1-2 hours a week
Passive talent engagement; NOT RECRUITING

Reconnect with past talent
Ask for new referrals
“Get to know you for the future”
Commit to 2 meetings a week with potential hires - Coffee ok
Use Discovery Call script
Purpose: positioning & value alignment

Empower the hire
Communicate timeframe and allow the person to be proactive

Pull the trigger!

Key Takeaways -Value:

Proactive hiring: Commit to 1 hour a week to expand your talent network
Communication: Recognize the opportunity for your people and the business to thrive
Action: When the opportunity arises to hire a high performer, embrace it. Allow the new person to fuel the energy of your team 

Host Links:

LinkedIn: https://www.linkedin.com/in/rick-girard-07722/
Company: https://www.stridesearch.com/
Podcast: https://www.stridesearch.com/hire-power-radio
Authored:  Healing Career Wounds (Amazon)
https://www.amazon.com/dp/B094TL14CD/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
HireOS inquiry: [email protected]

Show Sponsor:

www.stridesearch.com