TalentNow Solutions’ Post

In these times of frequent layoffs, an opportunity emerges to capture top-tier talent that can propel your organization forward. Here’s how hiring managers can turn the current layoff wave into a strategic advantage: 𝗦𝗽𝗼𝘁 𝘁𝗵𝗲 𝗚𝗮𝗺𝗲-𝗖𝗵𝗮𝗻𝗴𝗲𝗿𝘀: Many exceptional talents are entering the job market due to layoffs, especially in the tech sector. This is your chance to enhance your team with individuals who can truly elevate your business. 𝗥𝗮𝗶𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗕𝗮𝗿: Implement a rigorous selection process to ensure new hires not only fill gaps but elevate your team’s overall capabilities, much like Amazon’s "Bar Raiser" program, which ensures new employees surpass the median capability of current team members. 𝗖𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗙𝗶𝘁 𝗶𝘀 𝗞𝗲𝘆: At BambooHR, a diverse interview panel helps ensure that new hires not only meet performance expectations but also align well with the company culture. This alignment is crucial for long-term success. 𝗘𝗺𝗽𝗼𝘄𝗲𝗿 𝗬𝗼𝘂𝗿 𝗠𝗮𝗻𝗮𝗴𝗲𝗿𝘀: Ensure your managers are equipped to provide clear, constructive feedback and guidance. Great talent thrives under great leadership, and keeping your top performers engaged and growing is essential. 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗲 𝗬𝗼𝘂𝗿 𝗩𝗶𝘀𝗶𝗼𝗻: Make sure potential hires understand and are excited about your company’s mission, vision, and values. People want to work where they feel their work has a purpose. Navigating through the layoff news can be your opportunity to strategically bolster your team with top talent that may not have been available otherwise. #Leadership #TalentAcquisition #BusinessGrowth https://lnkd.in/esJCZxGA

Positive Trend Alert: Layoffs in U.S. Companies Decrease in July! In a surprising turn of events, U.S. companies announced a significant drop of 42% in layoffs for July compared to June, and an 8% reduction compared to July 2022. What's causing this shift? Companies are now opting for reassignments instead of layoffs. This trend could be here to stay, driven by factors like new technology and economic shifts. The Upside of Reassignments: While adjusting to a new role and team can be challenging, it offers an opportunity to acquire new skills and enhance your résumé. Being reassigned to a resource-strapped team can lead to significant recognition through valuable contributions. How to Adapt to a Job Reassignment: Manage your emotions and avoid hasty decisions. Treat it like a new job—make a strong first impression. Clarify the length and expectations of the reassignment. Stay optimistic about building new skills and career options. Consider the role's fit within your long-term career goals. Remember, consistent networking, keeping your résumé and LinkedIn profile up-to-date, and staying informed about industry trends are your best insurance against job loss or undesirable reassignments. Change can be an opportunity for growth! Embrace it and continue your professional journey. #CareerGrowth #JobReassignment #ProfessionalDevelopment

Last year, the industry experienced a wave of layoffs, while this January, more job openings have been posted than in the entire third quarter of 2023. So, Is the war for talent about to reignite? We will likely find out soon. However, one thing is certain: Regardless of your TA function and strategy, if you don't take care of your current workforce, they will leave!   So, should we create a winning talent acquisition strategy by putting employee well-being first? #humanresources #talentaquisition #hiring #startup

"�� Job Market Check-In 📈: Hearing buzz about more layoffs lately, some due to regular seasonal shifts, others due to cost-cutting. Zooming out, job markets seem sturdy but with a noticeable cooling effect. No need to hit the panic button! We've witnessed waves of layoff events before, but the real layoff rate stayed at 1.1% in November. Let’s take it in stride, learn from the past, and navigate these economic waves like we own the ship. 🚀 #JobMarket #EconomicReflections #muslimprofessionals

You’ve probably heard from friends or associates who have been laid off this year. 😕 Maybe you’re worried about layoffs in your own company? Or maybe you'll already been let go. If so, you’re not alone. Research says that 85% of professionals today are worried about layoffs. That’s because layoffs have gone from a rare occurrence to a regular feature of the job market. The bottom line: You can’t guarantee that a layoff isn’t in YOUR future! 😓 That's why I've teamed up with my all-time favorite colleagues in the career development space, Angela Ashurst-McGee of Upword Resume & Brittany Larsen of Livlyhood, to bring you a special one-time course: LEVERAGE YOUR LAYOFF. 🔥 If you've been laid off and want to turn your career setback into a strategic advantage, or if you want to enhance your job search techniques and stand out in a competitive market, you need to sang your spot in this course right now! ⏰ Angela and Britt bring a combined total of 25 years of experience in the career space. Their mission is to help you navigate the job market confidently during times of transition. 💪 Use the first link below to get started now! 👇 This new course offer ends on Thursday, May 2nd at 11:59 pm PST, so don't wait long. 😀

Be Ready for Anything: How to Prepare for Layoffs and Thrive! Mass layoffs have hit numerous companies, making it crucial to be prepared for the unexpected. The key is to take proactive steps before the shock of a layoff strikes. Here are four strategies to get started: 1️⃣ Update Your Branding: Regularly update your resume and LinkedIn profile. Catalog your accomplishments and showcase your value. Don't wait until it's too late. 2️⃣ Identify Your Values: Reflect on what truly matters to you in a job. Understand what you need and want from an employer to ensure a perfect fit when you seek new opportunities. 3️⃣ Financial Preparedness: Have an emergency savings account with enough funds to cover essential expenses. Start saving gradually to build a financial safety net. 4️⃣ Separate Personal & Work Data: Avoid risks to your private data by using personal devices for personal matters. Don't let a layoff catch you off-guard with sensitive information on work devices. Being prepared not only lessens the impact of a layoff on your life but also helps you bounce back and find new opportunities more smoothly. Take charge of your future! #CareerTips #JobSecurity #PreparationIsKey

"Lately, it feels impossible to log online without seeing a headline about company-wide layoffs. While layoffs are often the most devastating for those who lose their jobs, their impact stretches much farther and wider. Layoffs, especially within your team, mean that there are now fewer people to do the same amount of work. While this can result in stretch projects that give you the opportunity to grow, it can also lead to stress, overwork, and burnout." This #HBR article discusses 5 helpful ways to navigate your role and your career development after surviving a layoff. https://lnkd.in/d5H4Qfdi . . . #Xplora #XploraSearch #HBR #TheRightTeamRightNow

Recently, I've had the opportunity to interview several candidates who have been affected by layoffs. More often than not, they try to justify that they weren’t bad performers, but they were laid off. Out of curiosity, I asked why they felt the need to justify themselves further. They shared that sometimes they feel judged by questions from recruiters or hiring managers about why they were selected for the layoff. Whether it's a case of self-doubt or insensitivity from the hiring team, it's important for us to set the record straight. Having been involved in delivering retrenchment and also having been at the receiving end of retrenchment, I can confidently say that, in most cases, performance is never a consideration. I've seen top performers, and even someone who just joined a week ago, be part of the layoff list. Layoffs are often the result of larger strategic decisions that have little to do with individual performance. As recruiters and hiring managers, we need to approach these conversations with empathy and understanding. It's crucial to create a safe space for candidates to share their experiences without feeling judged or inadequate. To all candidates affected by layoffs: your worth is not defined by these circumstances. And to my fellow recruiters and hiring managers: let's ensure we handle these situations with the sensitivity and respect they deserve. #TA #Talentacquisition #layoffs #Candidateexperience #empathyinrecruiting #empathy

Article Alert 🚨 Are you feeling stuck after hearing about corporate layoffs? Don't be! Remember, it's not just about big corporations. Leaping into start-ups can lead to great opportunities too. Check out this article from CNBC on why a new approach to job searching is essential during these times. The key takeaway? "Always Be Selling." That means selling your skills, experience, expertise, and consultative skills. Don't miss out on new opportunities. Stay open to new possibilities and keep your skills sharp. #alwaysbeselling #openfornewopportunities #opentowork #consultativeselling Read the full article here: https://lnkd.in/gpXB3Fs5

Now we are moving from "mass layoffs" to "small and steady job cuts".... Whilst it appears that the layoffs are "slowing down"... let's talk about the effects of these "small and steady job cuts". Here are some things that we see over and over in our coaching sessions with people who have been laid off: 𝐄𝐦𝐨𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭 𝑺𝒕𝒓𝒆𝒔𝒔 𝒂𝒏𝒅 𝑨𝒏𝒙𝒊𝒆𝒕𝒚: Worries about financial stability, future employment, and providing for oneself or one's family can be overwhelming. 𝑳𝒐𝒔𝒔 𝒐𝒇 𝑰𝒅𝒆𝒏𝒕𝒊𝒕𝒚: For many people, their job is closely tied to their identity and self-worth. Losing a job can lead to a sense of loss of identity and purpose, impacting self-esteem. 𝑭𝒆𝒂𝒓 𝒂𝒏𝒅 𝑼𝒏𝒄𝒆𝒓𝒕𝒂𝒊𝒏𝒕𝒚: The fear of the unknown can be a major source of anxiety for those who have been laid off. 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐫𝐚𝐢𝐧 𝑰𝒏𝒄𝒐𝒎𝒆 𝑳𝒐𝒔𝒔: This can create financial strain, making it challenging to meet daily expenses, pay bills, and cover essential needs. 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝑱𝒐𝒃 𝑺𝒆𝒂𝒓𝒄𝒉 𝑫𝒊𝒇𝒇𝒊𝒄𝒖𝒍𝒕𝒚: Finding a new job can be a time-consuming and challenging process. Increased competition for available positions can extend the period of unemployment. 𝑪𝒂𝒓𝒆𝒆𝒓 𝑺𝒆𝒕𝒃𝒂𝒄𝒌: A layoff can disrupt a person's career trajectory, leading to a temporary or even permanent setback in terms of job title, responsibilities, and salary. 𝐇𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐖𝐞𝐥𝐥-𝐛𝐞𝐢𝐧𝐠 𝑷𝒉𝒚𝒔𝒊𝒄𝒂𝒍 𝑯𝒆𝒂𝒍𝒕𝒉: The stress associated with job loss can manifest in physical health issues, such as sleep disturbances, headaches, and other stress-related symptoms. 𝑴𝒆𝒏𝒕𝒂𝒍 𝑯𝒆𝒂𝒍𝒕𝒉: Layoffs are often linked to mental health challenges, including depression and feelings of inadequacy. The impact on mental health can be significant and may require professional support. 𝐒𝐨𝐜𝐢𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭 𝑺𝒕𝒓𝒂𝒊𝒏𝒆𝒅 𝑹𝒆𝒍𝒂𝒕𝒊𝒐𝒏𝒔𝒉𝒊𝒑𝒔: Job loss can strain relationships with family and friends, particularly if there are financial pressures or changes in lifestyle. 𝑺𝒐𝒄𝒊𝒂𝒍 𝑰𝒔𝒐𝒍𝒂𝒕𝒊𝒐𝒏 The social aspect of work provides a sense of community and belonging. Losing a job can lead to social isolation as individuals may withdraw from social activities. Let's not forget that there are very real consequences for each person hit by the numerous layoffs and job cuts. ----------------------------------- We at equally help people affected by layoffs! ✨ Personalized coaching in a safe and judgment-free zone ✨ 6 sessions to help you reconnect with your potential ✨ Practical tools to step into action and navigate your next steps Apply here: https://lnkd.in/dZZSUtxv https://lnkd.in/eZs_bGZB #layoffs #BlackRock #Discord #Duolingo #Twitch #Google #Citigroup #Amazon #Wayfair #RentTheRunway