How recessions offer up opportunities for recruitment businesses | Talent Matters Podcast
The next 6-18 months will be a very interesting time and, as each recession is unique, it’s hard to find indicators from previous recessions of what will happen. This is a ‘job-full’ recession, in contrast to the 2009 recession in which unemployment was incredibly high. What’s important to remember is that recessions are a natural part of any economic cycle, occurring every 6-10 years and lasting for 6-12 months. It’s also important to note that there is always an opportunity in a recession or in any shifting economic time. Some of the biggest and most influential businesses began and boomed in a recession - just look at Airbnb, Disney, Hewlett Packard, IBM, Microsoft, and WhatsApp, all of which were created during different economic downturns. Recessions provide great opportunities for companies to plan for the future, think about how to grow and diversify, and cement the direction in which they need to move to make that happen. We saw this a lot during COVID. It was the companies that were agile and stopped to think about what the world needs right now, that pivoted in response to current market conditions and behaviours, that saw the greatest success. --- EP210 | Insights into key candidate motivations | Dave talks to…Cara O’Leary 🎧 https://open.spotify.com/episode/7F46KwBCOQ4sPP1RNzK8qH?si=HtzarHEKR3OViBbmeHafXQ 📖 https://wave-rs.co.uk/blog/dave-talks-to-cara-oleary-talent-matters-podcast/
