In Focus: When — and How — to Ramp Up the Workforce
Friday, June 26, 2020
With the uncertainty in the future of businesses and the length of the coronavirus pandemic, many companies have responded to the crisis by moving to conserve money as quickly as possible. Steps taken to do this have included laying off or furloughing staff, reducing contractors and consultants, placing a freeze on new hires, and reducing compensation.
Many of these steps were necessary for companies to take due to the unforeseen collapse in the economy and a lack of demand for their services. However, companies now need to consider when is the right time to re-engage with talent acquisition and what are the right processes to follow.