Employers have suddenly gone from frantically trying to find scarce talent to pumping the brakes on hiring.
According to recent research from global risk management and advisory firm Willis Towers Watson, 42 percent of surveyed organizations have frozen or reduced hiring, and another 28 percent are considering doing so.
“My sense is that most employers are pushing the pause button on hiring for now,” said Brett Schneider, a labor and employment attorney in the Boca Raton, Fla., office of Weiss Serota Helfman Cole & Bierman. “Most employers are focusing on doing what they can to maintain their current employees.”
But even as employers’ focus turns inward, many potential new hires who have applied for, been interviewed for, or even been offered a position are now finding themselves in limbo.
What steps should HR and hiring managers take to avoid losing out on top talent or damaging their employer brand?
