COVID-19 is driving TA leaders to rethink recruitment strategies.
By Marta Chmielowicz
Just last year, talent shortages and unprecedented competition in the labor market were hot topics in the recruitment space. At the time, there were more than 7 million open requisitions across the U.S. and the national unemployment rate hovered at a low 3.5 percent. But the coronavirus pandemic flipped the job market upside down, driving widespread furloughs, hiring pauses, business closures, economic uncertainty, and an unemployment rate of 11 percent. Faced with this new reality, hiring teams across industries are working to ramp up business operations once more while adapting to an ever-evolving set of challenges.