A lot of people are talking about the credit downgrade and the stock market slide over the past couple of weeks. Questions are being asked about the recent events - what will they mean for the markets, for business, and the economy in general.
Well, not a lot of people have an answer to any of those. But it is possible to take a look at some recent news and reports about current hiring statistics to get a better idea of how the job creators feel.
Bloomberg News wrote an interesting article about companies that want to hire in the U.S. but can't find qualified workers. Despite the nine plus unemployment rate, employers are having a hard time locating people with the right skills and experience. Entrepreneurs in particular are saying that talent searches now are as challenging as they've been before recent market conditions.
Crain's also spoke of employment recently and wrote an article about the rise in freelance workers. As businesses continue to move to a contingent workforce, employers find that leveraging freelance talent provides benefits such as increased flexibility and reduced overhead. Though this model could be challenging from a management perspective, the economic efficiencies seem to outweigh any changes that need to be made to Human Resources infrastructure. On the talent side, there also seems to be a shift among professionals across a wide variety of industries, as they build "portfolio" careers from a number of freelance opportunities.
So let's see -- Those businesses that are actively looking to hire full-time employees cannot, while those talented job seekers who could have a full-time job may instead want to freelance? Interesting, confusing -- Yes!
The very best strategy for building a strong team is to invest in identifying good people. And what better way to do that by starting out on a project or short-term basis. If the relationship is successful, you found the folks you will turn to when you're ready to hire full time. Alternatively, perhaps you'll identify your go-to group of freelancers. In either case, it all begins with finding the talent. And of course, that includes interns, who may in fact have the most cutting edge skill set of all.
One great thing about taking a "slow build" approach? It's recession proof. Regardless of the direction of the markets, having great people on speed dial allows you to quickly staff up (in whatever form) at whatever time is right for your business.
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