Before the pandemic, as post-recession economic growth continued, hiring and recruiting presented a different kind of challenge for employers. Unemployment was low and, as a result, workers and job seekers had increased labor market power. Successful employers stood out by improving office perks and benefits to attract top talent to drive further growth.
Today that power has shifted due to the pandemic and the job loss and uncertainty it has brought. While optimism is rising due to the success of vaccine trials, workforce planning has become more challenging than ever, as companies undertook layoffs or furloughs, or reassigned people depending on which lines of business were better suited for survival.
