In all likelihood, if you’re an exec and actively employed, you have been and will be intimately involved in decisions about who should stay and who should go, how many, and when. Since most of our 21st century businesses rely heavily on Human Capital, these decisions will inevitably affect your company’s performance and more personally: your career. And any day now, you’re going to have to make some more important decisions about your workforce and the future.
Entry Level Angst
In five short months, the largest class of American college students in history will graduate. Yet Michigan State University’s well regarded Recruiting Trends Survey suggests that hiring on campus may decrease 10% this spring. On the surface, this seems reasonable given what’s going on in the economy; however I would suggest that campus is a terrific place to swipe market share from your competition. My Vault.com colleagues, veteran staffing experts John Flato and Vicki Lynn, offer five good reasons for smart execs to help their companies and their careers by paying close attention to the campus recruiting opportunity in the weeks ahead in a blog first published last week on ERE.net.
The timing couldn’t be better. By late February, many of you will have participated in one (and possibly more) round of layoffs and to achieve mandated targets, you may well have cut too far. If you can shore up by maintaining a robust campus presence this spring it will be cost-efficient, since entry-level hires will make less in salary than the employees you just laid off. After all, as John and Vicki point out, your campus hires are the training candidates for future leadership roles and when the economy makes its inevitable comeback you’ll need help to start firing the growth engine again. Whether you agree or not, think hard about your Human Capital strategy. It is the most important resource you have.
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