In times of low unemployment, a company’s talent strategy is more important than ever. With less than 4% of the population currently unemployed,3 job seekers are scarce. The methods used to recruit and retain talent have to adjust accordingly.
When unemployment is high and there is a surplus of candidates, it’s more likely that qualified talent will apply to your open roles in large numbers. During these times, you are lucky to have the opportunity to choose among the cream of the crop from incoming candidates.