With the markets in turmoil and private investing trending down, hiring caution may feel like the safe choice for tech companies, but not necessarily the right one. With so many tangible innovations at our fingertips, now is the time to invest in the right team and surpass the risk-averse competition.
- Broader pool of talent
With the competition making job cuts, an increase in M&A activity, and others committing to hiring freezes, there is simply more available talent to choose from and a greater hunger in the candidate pool. One candidate I spoke to recently had two opportunities he was interviewingfor simply vanish in January (he was told the hiring has been “put on hold”).
- ‘A’ Players rise to the top
The best people become unsettled in stagnant environments that stray from innovation. So while some companies batten down the hatches and brace for the storm, their best talent may decide to pursue other opportunities that propose bolder strategies for success.
- Fresh set of eyes
To help a company get to the next level, new perspectives and alternative skillsets are helpful in transforming strategies, especially when buyers are wearier.
- Greater attention in the search process
It’s far less difficult for companies to grow when the market is good, but the best search firms are motivated most by helping companies transform during adverse conditions. And with IT job growth slowing slightly, companies are sure to get detailed consideration for each staffing search conducted.
The recent executive shake-up at Twitter is a good closing analogy to substantiate my point.
Where some see the sinking stock price and key leadership departures as doom-and-gloom, Jack Dorsey sees opportunity. Three of the four departing execs had been with Twitter for over five years, and Jack is meeting the critics head on by going after heavy hitters who will bring fresh ideas to the company. With the quick addition of former AMEX CMO Leslie Berland and the imminent hire of several others, don’t be surprised when the pendulum swings back up in Twitter’s favor.