As companies tighten their budgets, the recruitment freezes become more and more widespread. When it comes at the end of the year, you will hear a large number of recruitment managers mentioning the recruitment freeze as early as October. What does it mean for the recruiters? Almost no new business for the last two months of the year.
A lot of recruiters will look for another job this winter.
Especially the ones providing the ‘Volume Recruitment Services’, lower in the food chain. If nothing drastically changes in the industry until the next year, those that are still around in January 2009 will cash it big in the February. Long hiring freezes always generate a large wave of the new heads required short afterwards.
How to get to 2008? Watch for the competition bailing out, and grab their contracts. Expanding your client base in the following months in 2008, will make a huge impact in the Q1 of 2009!