WHEN RECESSIONARY
TIMES IMPACT YOUR BUSINESS
Facing a recession is difficult enough without having to deal with layoffs, outplacement and potentially a tarnished company reputation! Given what it costs to hire professional IT talent take a moment and ask yourself why incur those costs when a probability exists that you will have to lay the person off.
The cost to your business can’t be measured just in dollars (cost of hire, unemployment insurance increases, outplacement service fees, etc.) although that cost is sizable. The much bigger costs are incurred living through the impact of the decision made to downsize: turnover of the staff that you need to keep because they are scared, the increased difficulty to hire new talent because of the tarnished reputation and the lack of productivity & emotional costs incurred by all those employees who have to defend the reduction-in-force for years in the future.
When measured against hiring, choosing consulting in a recessionary economic time eliminates immediate costs of hiring, improves efficiency, saves long term dollars and gives much greater flexibility to your business. |