About 90% of industries have suffered an abrupt and sharp downward growth in the last 8 or so months. This has had its ripple effects on the various departments that carry a company forward, including HR and Talent Acquisitions (TA). Organizations have cut down on recruitments and trimmed down on head count as a result of hit they have had to take financially. The reduction in headcount is also a result of health concerns as many companies have resumed working onsite, i.e., from their respective offices; and hence cannot risk not maintaining social distancing.
Today, as companies and business leaders have begun to look ahead and consider the end of the pandemic, TA teams has also got their jobs cut out for them. They have to consider all the different ways their organization can move forward, talent-wise, post the ongoing pandemic; and adapt to the scenario. The economy will and has to rebound but it will not return to the shape it was pre-pandemic for a long time, or may not. Companies will streamline their operations to the changing environment in attempts to return to more typical production and hiring levels. Here are 5 predictions that will give you an idea of what’s to come.