Investing in Today’s Workforce
The onset of the nationwide economic recession beginning in 2008 forced companies to conduct mass layoffs to reduce costs in response to a significant decrease in overall demand. While this was an unexpected downturn for businesses, many used this as an opportunity to strategically re-assess their current hiring processes in hopes of operating in a more cost-efficient manner.
Companies resorted to laying off under-skilled workers, causing many departments to merge two or more positions into one job. By combining lower-level job responsibilities into the role of a higher level employee, companies have been able to reduce costs quickly and improve the overall quality of their operations.
This article will explore the expectations of hiring managers today and the long term effects of hiring an underskilled workforce. Whether using a staffing company or hiring on your own, it should be the goal of any company to invest in finding the most qualified workers to enhance their workforce.