Few leaders feel the financial belt-tightening in corporate America as profoundly as HR executives. After two years of rapid-fire hiring, many have been forced to slow down, halt recruiting, and take a leaner, recyclable approach to fill existing vacancies. For some, it can feel like whiplash—a complete turnaround in talent strategy. But others say it’s par for the course for HR leaders who must often shift focus in response to the macroeconomic climate.
A few commonalities arise for HR heads steering the ship during this time. Most anticipate relying more heavily upon their talent development team, and others are adjusting their benefits offerings to retain current talent and meet their financial needs.
