Of executives thought a recession could hit as soon as this quarter or next quarter.
More than 21,000 employees at US-based tech companies have been laid off this year.
Experts are currently predicting that many of the world’s leading economies could be headed for a recession in 2023. And a recent survey by McKinsey found that more than 50% of executives thought a recession could hit as soon as this quarter or next quarter.
This puts businesses that need to make new hires in a difficult position. Should you freeze hiring altogether and focus your resources on keeping your current operations going — or is an economic downturn the perfect time to invest in recruitment?
In this article, we’ll explore how you can use this time of uncertainty to take a step back and develop your recruitment processes so you’re set up for success when the economy recovers.
Let’s jump in.