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COVID-19: Top 4 Lessons Learned from Spring 2020
Bryan Gillum • January 4, 2021
COVID-19: Top 4 Lessons Learned from Spring 2020
Case counts are rising and businesses are beginning to see the effects of decreases in consumer spending, changes in customer buying habits, an overall economic slowdown and the demands of keeping employees safe while trying to maintain some normalcy to the business.
While things are becoming more difficult, there are some valuable lessons from March and April that we can apply to our 2021 strategic planning:
- We are wired to adapt and innovate – Change is hard for everyone. But, when we are facing extremely trying times we find ways to do things differently. Every business leader has a story about how they took an innovative approach in response to the pandemic in the Spring. We have learned to be very resourceful in trying times. 2021 will present new challenges, but with 2020 forcing us to get comfortable with change and innovation, we’ll be ready for whatever is thrown our way.
- We know what will work and what won’t – Almost every business tried new approaches when the downturn started in March. Some of those strategies worked and others didn’t. We can learn from others, to refine our approach for the upcoming months in a more strategic way.
- We know who we can rely on – All of us were faced with uncertainty in March and asked for help from landlords, bankers, suppliers, customers and employees. From that experience, we learned who we can ask for help and have an idea of how we can leverage these stakeholders more effectively.
- This will pass – Yes, March and April were incredibly hard for so many businesses and nobody knew what the future held. Although cases are rising, we can reasonably estimate that things will return to some type of normalcy in early 2021.
The next couple of months are likely to be filled with uncertainty, anxiety and even some fear. By taking the lessons learned from last Spring, we can approach these challenges in a more strategic and thoughtful way.
Leaders are people and all people have tough things to work through.
Culture is impacted by the 4 "P's" of a company: People, Practices, Place and Personal Development.
In today's highly competitive job market, finding and retaining the right talent for your business is more critical than ever. In fact, according to a recent release from Monster.com, 96% of workers will be seeking some type of new position in 2023 . However, the hiring process can be challenging, and many businesses struggle to find the right candidate for the job. That's where recruitment partners come in. A recruitment partner can help you find the right talent and streamline the hiring process. In this blog, we'll discuss 5 signs that indicate you may need a third-party to help you with your hiring needs. 1. Inability to Attract Qualified Candidates If you're struggling to attract qualified candidates for your job openings, it may be time to consider partnering with a recruitment firm. A good firm can assist you in identifying the root cause of the issues and collaborate with you to create an effective hiring strategy. With their extensive network of both active and passive job seekers, they can help you find the ideal candidate for your organization. 2. Time Constraints and Limited Resources Another sign that you may need to seek out help is when you feel pressed for bandwidth, and you are unable to dedicate the necessary time to the hiring process. A recruitment partner can handle the hiring process for you, from posting job openings to screening candidates and conducting interviews. This frees up your time to focus on other aspects of your business. 3. High Turnover Rates Nothing is more frustrating than making a hire only to lose that persona a short time later. Additionally, high employee turnover can be costly and affect productivity and morale. By bringing on a consultant, they can help you objectively identify why employees are leaving and find ways to improve retention. They can also help you create job descriptions that accurately reflect the role and company culture, ensuring that you attract candidates who are a good fit for your organization. 4. Lack of Industry Knowledge If you're not familiar with the job market in your industry, it can be challenging to find the right candidates for your organization. A recruitment partner has industry knowledge and can provide insights into the job market and salary trends. They can help you create competitive offers that attract top talent and ensure that you find the right candidate for the job. 5. Employer Brand Reputation Your employer brand reputation is essential to attracting top talent. If your business has a poor reputation, it can be challenging to attract the right candidates. Having the right consultant can help you improve your employer brand by providing insights into what candidates are looking for in a job and what makes a company attractive to potential employees. They can also help you create a positive candidate experience, ensuring that even candidates who don't get the job leave with a positive impression of your organization. In conclusion, hiring the right talent for your business can be challenging to do by yourself. However, with the help of the right recruitment partner, you can streamline the hiring process and find the best candidate for the job. If you're experiencing any of the signs outlined in this blog, reach out to us today for a free consultation to see if we are the right fit to help your team.