September 27, 2009
Hiring During Economic Crisis
Here's a funny story about employment during these financially hard times. A business owner just fired one of his employees. The angry employee demanded a good reason for such a harsh and abrupt action.The owner rejected the accusation. “I have treated you better than your own mother,” he remarked, “She only carried you for nine months but I’ve been carrying your sorry ass for a year!”
Employment is getting trickier these days. With a bad economy and flagging businesses, many employers are letting go of employees, whether with a heavy heart or out of necessity.Regular employees, fledgling entrepreneurs, and small businesses are going online for their employment needs. Indeed, even though the unemployed statistics keep going up, there are still companies and businesses out there that are looking for the right people to hire. With the current economic slowdown, headhunters and recruitment agencies are expecting more people to start posting their resumes online to look for jobs. In Asian countries, such as the Philippines, there is always a demand for fresh labor, especially from the business process outsourcing (or BPO) sector.
Still, for small or medium-sized companies and businesses, the tendency is to do their own recruiting. Although recruiting is a tedious process, recruitment agencies are being swamped with Australians clamoring for work. While waiting for their payday advances even the employed are looking for a second job to augment their dwindling income. Some even get fast cash loans during the work lull to get by. Hundreds of job applications are submitted online everyday in Australia alone. So, the next best thing for small-to-medium businesses is to cut cost by handling the recruitment process themselves, instead of using a specialist job agency. However, it’s almost hard to believe that according to employment statistics almost 200,000 job positions posted online are still open—with no takers in sight.
It means that businesses need professional services when looking for the best employee for the job position.Fees of recruitment agencies and consultants could be negotiated, if the would-be employer has a tight budget. Fees charged by these agencies and consultants vary—from a flat rate to a percentage of the salary (10 to 20 percent), based on the level of service needed to look for a particular job requirement.
Small business owners who are desperate to hire an employee should opt to consult a professional and negotiate the necessary fee. Using a recruitment agency or consultant saves time and narrows down the applicants for the perspective employer. The cost incurred in getting their services could be easily covered by a fast cash loan. Would-be employers should keep in mind that it is always a good investment to find the right employees, especially those with good skills set and solid work ethic.
Filed under About Coaching by Business Coaching Training














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