Sunday, May 17, 2009

Ready for the storm in August 2010?

OK, a few things...

I did not get canned. And while thinking about the proposition, I decided that I'd probably blog more frequently if I did get canned. Not to mention there are several stories that I'm sitting on, that I'd probably fire out there anyway.

The thought of me interviewing. Nothing but pure comedy would ensue. I've been on a few interviews when the economy went left-of-center. And was asked question that made me freeze. Well... not FREEZE... but more answer like this, "well... uh.... um.... er... UH... WELL!" I'd rat out every interviewer ever and every pitch.

It's good to be back. First post back is going to be a serious one. And something that I'm sure HR folks have considered in the back of their heads, but might not be at the forefront.

FACTS...

1) The economy is terrible. DUH! Let's not bang on this point too much because it's in our face every day.

2) The average turnover seems to be about 10-20% based on industry and company, in an average year.

3) People are sitting in jobs with no prospect of a raise, or being forced to taking a paycut, or hating life at work.

4) The economy will recover. And 6-8 months after the recovery is in full swing, the jobs will start returning.

We are 12-15 months away from the world's largest game of musical chairs. People are going to leave, and it's going to be large brutal, and six months long. You are going to see people flying out the door like where they are is on fire. Everyone who hates their job (and yes, you should be lucky to have one), is GONZO. The employable people who are without employment are finding new gigs. People are going to be flipping and flopping jobs for six months. I truly feel bad for comapnies that have let go, are letting go, or will let go their HR people. When the mass exodus happens, that company will be suddenly left holding a bagful of openings.

You watch, it's happening.

1 comment:

kentropic said...

Agreed. Smart companies are building and nurturing candidate relationships NOW, so that they're ready to sieze the initiative (and market share) when the time comes.

Of course, smart companies do that all the time anyways, so this isn't really news....

 

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