In January 2024, U.S. companies cut 82,307 jobs, twice as many as in December 2023.
Meanwhile, reports suggest companies should “eliminate redundant tools across functions” for this year and pull back on investments.
HR departments are bearing the brunt and recruting teams specifically, are being asked to be as cost-effective as possible, whilst also facing skyrocketing turnover.
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When frontline employees are the lifeblood of a company’s business, labor shortages are limiting companies’ abilities to meet their missions and have caused them to miss out on the growth they need to be competitive.
Hiring teams are also having to adapt to a world where they have to work with what they’ve got, while still being strategic and showing tangible, proven results.
So, how can you ensure new hires have what they need to be successful? How can you build a more engaged workforce? And how can you improve retention rates? And all whilst on a shoestring.
