These days companies are taking the time to figure out what the lessons they learned during the last economic crisis. It was a terrible time for companies and it make many rethink the way they did business. Companies that thought they were ready to deal with the economic downturn, were left trying to stay alive in a sea of chaos and economic carnage. It’s not as if the companies hadn’t been through hardship before, it’s that they had stopped thinking about business in the right way. Now, companies are getting smarter when it comes to the way they deal with their business, and most importantly their staffing.
In the past the companies have had a very similar blueprint to the way that they have handled their economic matters when it came to staffing. As a companies profits grew they expanded the business and hired more help. This way they could deal effectively with the growth of their customer base. These employees seems to join the staff at an alarming rate. For these businesses, there was no better way to do it.
The problem always came after the bottom fell out. Then the employees who were truly expendable would go away, and the employees that were needed would stay. This seemed like a great idea, but what happens is companies still end up paying unemployment for these not needed employees, plus any severance as well as medical benefits they still may be entitled to after a lapse in coverage.
These days companies have it altogether after the crisis. They have decided that there will no longer be a measure of hiring when times are good. Instead they will hire based on the projections for the future and not live in the moment. It will make it harder on the present employees who won’t get the extra help from the staff increasing. However, it will make it easier on a company that doesn’t have to do lay-offs.