ZUMVU

GlobalHunt India

    GlobalHunt India is a leading executive search & selection firm.
    • Executive Recruitment Firm
    Added on 25 July 2019

    The Future of Executive Search Services on the Verge of 2020 Recession

    25 July 2019

    What’s your choice? 


    Wouldn’t it be great to prepare for the coming storm before it rides away you?


    The first choice of facing the storm is only possible when you know what recruiting trends mean for you and how you can use it to sail through. Here are the trends that are going lead the mainstream executive search in economic slowdown period.  


    Talent Pool of Contractual Workers – The Evergreen Way to Stay in Job Market


    Executive search for non permanent positions is going to boom in the future. As a recruitment firm if you don’t want to end the dodo bird way, you have to prepare for future. 


    Interestingly, passive workers talent pool is going to decide your future!


    The high levels of overhead costs of on boarding and sustaining permanent workers is what none will like to bear on the verge of recession.


    Your flexibility to specialize in contract hires can work as oar to sail your boat in the coming dark dawn of economic crisis. Many companies will be looking forward to quickly fill up the vacant positions with Part-timers.


    You should be ready to give the market what it is looking for.


    Counseling potential candidates to adapt the changing hiring requirements by laying down the benefits is the need of the hour.  The star highlights to focus are increased demand and flexibility.


    Dodge Influx of Applications – Adapting Trending Recruitment Technology


    Economic slowdown will impact the rate of unemployment to the core. Preparing to face flood of applications from all types of candidates would be necessary.


    Before your talent tunnel dry out to find the right talent on time, as a recruiter you should be ready to work efficiently in pressure.


    To find out the best matches must know the smart way of using technology and artificial intelligence.


    Learning to know where to publish hyper skill focused job adverts will also be a necessary step of executive recruitment services. Automation is going to send shivers down the spine for not only candidates but for recruiters also. 


    Inclusion of More Complex and Creative Roles - Diversify Your Market Reach


    Less skilled tasks are meant to transfer to the automation and this will ensure losses of job. But, at the same time it will create new possibilities and opportunities for creative skilled work force in the recruitment market. 


    The rapidly changing workplace will create job roles that don’t exist now.


    So as a service provider in recruitment industry sustaining with few clients or losing to cope with the fresh talent requirements can hurt. It would be great to prepare for sourcing specialized talent for recession-proof industries including retail and healthcare. 


    To ride out the storm and hang on tight on surf board, you have to be well equipped with the latest knowledge of the client’s industry trends as well.


    The Survival Of The Fittest


    The game of survival is on and you can survive only if you are clear about what it takes to be a top-performer. In one way or another, your search firm will find a way to keep you in the race with other high-potential recruiters unless you are open to adapt as per changing wind.


    On the other hand, losing top performers may result is falling short in terms of earnings in long run.


    Even if cash is tight, keep your creamy performer layer engage with work.


    Keep your amours ready to face the upcoming fierce competition in executive search services on the verge of forecasted economic recession.


    About

    GlobalHunt is serving more than 800 leading MNC's operating in 18 major industry verticals with the help of expert team and recruitment consultants having footprint in nine prime locations of India. More
    loader
    View More