When the Sun Is Overcast: Why Companies Pull Cutbacks – And How to Keep Recruiting
When the budget starts looking thin and the future feels fuzzy, many business owners shrug, reach for the “time‑to‑hire” button, and let the hiring freeze light up their dashboards. The British Chambers of Commerce (BCC) Recruitment Outlook Survey backs this up: only 55 % of firms tried to add new hires in the past three months.
Good News? It’s Shipping in!
Truth is, the economy’s cash register isn’t stuck forever. Once the tides start rolling back, organisations have to re‑prioritize talent acquisition—often at a higher cost for attracting, onboarding, and getting people up to speed.
Don’t Just Cut, Re‑Thrive
- Look at efficiency, not just headcount. Trim corners elsewhere and let people know you’re all on the same ship.
- Build trust. Transparency sparks confidence and ultimately boosts performance.
- Use your crew to weather the storm. Engage employees, so when the sunny days return, they’re sprinting ahead, ready to capitalize on every opportunity.
Government help is great, but it’s the internal culture that gets you through to the bright side.
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