Many firms have now switched to “alert” mode, often radically reviewing their short-term operational and financial plans, with intense focus on liquidity and costs. They have radically downsized, cut salaries and bonuses, and/or implemented hiring freeze. However, the crisis also opens up new opportunities, and the future winners will explore them already now. And it is, among others, talent management which brings the biggest opportunities right now:
1. There is a plenty of outstanding business leaders willing/forced to change the career. As many industries are struggling and shrinking, top and middle executives with often great track record and potential are searching for new career opportunities. They can help to drive through the storm and prepare for subsequent take-off. They can help refocus organizations, bring new corporate culture, or generate new ideas and visions.
2. There are even more of highly talented people in the early stages of their career on the market. As many consulting, accounting and other professional service firms, among others, are struggling with low occupancy rates, often the latest recruits are asked to leave. These are the same highly talented people that other companies were trying to recruit several years ago. These are people with great experience, intense coaching, strong problem solving skills and high energy. They are eager to explore new opportunities, and they are your potential future top stars.
3. And discounts are deep – time to shop is now!
People who used to be out of available budget because of many opportunities are now willing to take less paid jobs. You can use smart and selective recruiting to increase the quality of your talent pool. The ability to attract, engage, inspire and grow top performers is what is going to determine future industry leaders.
Monika Kubičková
Director
TalentOn International s.r.o.
Praha City Center, Klimentská 46
+420 602 625 162
www.talenton.com
monika.kubickova@talenton.cz