The COVID-19 pandemic and resulting recession severely impacted the U.S. job market. Many companies struggled to survive during quarantine, forcing them to temporarily or permanently cut staff members. Now that more than 40% of the population is fully vaccinated and the economy is recovering, many companies are operating with skeleton crews. They need to hire soon, but the job market is saturated — and their old hiring processes won’t work.
Instead of conducting in-person interviews, hiring managers and talent professionals are using Zoom. Many traditional recruiting events like trade shows and job fairs remain canceled. Plus, LinkedIn data indicates that about 50% of organizations are decreasing their recruiting budgets. How can companies effectively fill their empty positions when everything looks different?
