The last thing you want is to lose your best and brightest talent, especially now. Organisations need transformation plans from their leadership, now, immediately as the crisis subsides. Action today will be "the basis of tomorrow's success”.
What does this mean for HR and Talent Acquisition?
1) Pay immediate attention to the health and risk status of your succession plans for business critical roles.
2) Make sure you have data on who is where, how they are feeling, what immediate needs are for the business in terms of skills and people.
3) Tell your 'brightest and best' that that is exactly what they are. Studies suggest that more than 70% of people experience the impostor syndrome at some point in their career. If they think they are more welcome elsewhere, they will go - recession or no recession.
Institute of Employment Studies (IES), reporting that despite a complete crash in the jobs market in late April, signs of recovery were being seen in recent weeks as employers begin looking to make new hires.