Lockdown But Don’t Lose Out! March 30, 2020
These are unprecedented times and we are all learning to
work within the current ambiguity.
- It’s early days and we have already begun to see
the conundrums that our clients are facing when it comes to executive hiring,
especially for consumer organizations. Sharing a few tips on how to think
through talent issues for the next few weeks.
- For non-revenue generating roles we would
recommend to stay in a holding pattern for now. Keep costs low to have a larger
runway to operate when all this is over.
- Continue to hire for revenue generating, P&L
roles. When the demand cycle comes back you will be competitively placed to
capitalize on it. P&L skills will come handy in optimizing costs and
turning around businesses.
- Use this time for talent picking. Some sectors
are likely to be impacted more than others from this lockdown. Top quality
talent from these sectors would be looking for more stable opportunities and
will be open to conversations at this time.
- Utilize this opportunity to build a point of
view on talent. Do not halt the interview process, candidates are also more
likely to be available for interaction during this time. Hold interviews
virtually, identify your closing candidates. Be ready to trigger offers as soon
as the certainty in your business prevails.