A period of excessive growth and hiring is often followed by cost-cutting measures, re-structuring departments, and even layoffs and hiring freezes. If you find yourself in this position as an employer, it can be challenging to navigate. If you’re not able to hire, how can you be expected to perform and meet the standards placed on you?
As an employer in this position, efficiency is the name of the game. You may be expected to do more with less—or simply find the best path forward of the available options. However, even when you can’t hire, you’re not completely stuck. Here are some impactful actions you can take during a hiring freeze to set yourself up for success:
During a hiring freeze, you can’t afford to lose any more staff. Employees who are shown loyalty during challenging times will be more likely to be there for you when things get better. As a result, shifting your focus to retention can save you additional headaches down the line.
To retain your top employees, you may want to consider:
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If you had planned to hire several roles at the start of your fiscal year, learning you can no longer pursue that is a major shift. If your organization is going through a hiring freeze, there’s a chance that goals and expectations have shifted as well.
Be sure to align with company leaders on what is expected moving forward. If you’re not able to hire, your productivity and output will change from the original expectations. If you are struggling to shift that mindset, try starting with the goal. “To achieve X, I will need $Y and Z employees. Without that, I can probably only achieve A, B, and C.”
If you won’t be able to hire anytime soon, it’s time to come up with a Plan B. Hopefully, you have reassessed the capabilities of your current staff and budget and shifted expectations. Now, it’s time to dig into each of those wish list hires and evaluate the true need. Not only might you find that you don’t need some of those hires, but you may find that the shift in priorities has created a need elsewhere. Some alternatives to hiring another full-time employee include:
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When you’re able to hire again, you’ll want to spring into action. Therefore, building out a growth plan can help you outline and prepare your hiring priorities so you can hit the ground running. Start by taking these two steps:
For prospective job seekers, there is an evaluation process to determine whether an organization is an attractive place to work—and your company is competing with everyone else to show that you can offer competitive compensation and benefits to your staff. Take the time now to step back and consider some of the following elements of your brand as an employer:
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Even if your hiring freeze is preventing you from making an offer today, it’s not too early to either build that candidate pipeline or keep your existing pipeline warm. Be sure to stay in touch with people who could be a good fit down the line and let them know you’re thinking of them. This gives you time to learn what matters most to them and present a compelling offer when the time comes. So, what kind of candidates should you look for?
A hiring freeze is the perfect time to evaluate your hiring process as a whole. This may be the time to reinvest in your processes and find new—and better—ways to hire. This might include efforts like:
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