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> "Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously." We're in a
by abraae 6y ago
> "Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously."
We're in a recruitment-related field (online background checking) and we can clearly see that recruitment activity has dropped way off, even in sectors that are largely unaffected by the pandemic.
My theory is that people are clinging on to their jobs tightly as unemployment rises, so discretionary turnover is way down.
- octygen 6y agoI'd err towards this direction too based on the megacorp I work at. Curious if you have ballpark #s to how much less companies are hiring.
- abraae 6y agoMy guess would be about 50% for retail. We are in NZ, so unique circumstances apply - there is no Covid on the loose, so things are all normal as far as retail goes, but entire industries such as overseas tourism have vanished for now, so there are many candidates for every job.