Recession is a good time for shrewd employers

During the recession, tons of top workers are displaced not as a result of the fault of their own but of across-the-board cuts. At the same time, there are many new graduates hunting for jobs in the employment market. This scenario shows that there is an over supply of job seekers.

As unemployment grows, the incentives to hire those star players only increase. Salary expectations are lower and desire to have a job is higher. While the displaced workers try to seek a job to compensate their loss at the previous company, the new graduates try to get experience from the real life and cover the cost of their study.

Therefore, if a company were smart enough to meet the needs of these desperate job seekers, it would be able to blend the invaluable experiences of the displaced workers and new theories of the freshly graduate job seekers. When there is the right balance of experiences and theories in workplace, the company will not only survive the crisis but also develop more in the future.

Thus, the employers should get rid of the inefficient workers and replace them with the more efficient ones with smaller amount of salary during this period.

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