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Five Ways to Utilize Contingent Labor During an Economic Downturn

Acara Solutions

However, this recession is expected to differ from the ones experienced in 2001 and 2008 in that it could be quieter, slower, and longer, making flexibility in talent strategy even more critical. In 2008, many companies were forced to make difficult decisions about their workforce to reduce costs and maintain profitability.

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Tips for Navigating Pay Raise Roller Coaster in 2022

Recruiting Daily Advisor

The board now expects salary raise budgets for 2022 will be 3.9%, which would be the highest growth rate since 2008, according to SHRM researcher Stephen Miller. One compensation principle often misunderstood or overlooked is that pay is typically based on the going rate (i.e., Indexing Pay Structures. market rate) for particular work.

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Is salary transparency key to a Gen Z friendly Employer Brand?

Hireserve

Over on TikTok there a whole genre of videos with millions of total views where creators interview passersby in public about what they do for a living, what they earn, and if they feel they are compensated fairly. Many of them remember how the 2008 global recession impacted their parents and the world around them.

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Today’s Talent Mindset: What’s Changed & What’s Changing 

Recruiting Daily

This is not 2008. An emphasis on values, culture, team, and opportunity are all strong openers. Competitive compensation and benefits, flexible work environments, and an open, transparent hiring process will also help. Sadly, I do not own a crystal ball, nor do I pretend to possess some seer ability. Don’t panic.

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What the 32-Hour Workweek Can Mean for the United States

Recruiting Daily Advisor

Then, historically after the 2008 recession as the economy stabilized, companies began trying out the four-day week as another “perk.” This can be one of the most impactful trials on your culture, because you’re sending a message that you trust employees and intend to treat them like adults – if they get work done in 32 hours, awesome.

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21 Ways to Lead With Your Employer Brand Now (RallyFwd Recap)

Rally Recruitment Marketing

At RallyFwd, she shared her story of going through the recession back in 2008 while working at Robert Half. And while Chantell points out that compensation and stability may take priority for many candidates right now to ensure they have a livelihood, once the crisis is behind us, purpose will become important again.

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DEI Strategies Start at the Top

Recruiting Daily Advisor

Call-in culture is about creating a dialogue around why something is inappropriate rather than calling someone out in an aggressive manner. While Adam is expressing frustration, allowing negative comments about accents creates a culture that makes it OK to treat people differently because of where they are from.