After months of lock-down, we are finally opening-up again. But how has Covid-19 impacted the Dutch labour market? What can we learn from previous crises? How can you - as entrepreneur - anticipate on the changing labour market? In this article we share some useful tips on how to tackle recruitment challenges during times of crisis.
What is the impact on the Dutch labour market?
Predictions show that for this year alone, the Dutch economy will shrink by 7,7%. The highest since WWII. This year’s unemployment rate already marks 5% and the current prediction is that this will continue to grow to 7% in 2021. Sectors that are being hit the hardest are: Construction, Transportation, Hospitality (Horeca), Travel and Leisure. On the bright sight, some sectors such as Education, Information and Communication are expected to experience (a limited) growth this year.
What can we learn from previous crises?
Previous crises, such as the aftermath of 9/11 and the crisis in 2008, have taught us some valuable lessons. We saw a large impact on international trade and hiring freezes in almost every sector. The silver lining of it all was that some industries, such as Cyber Security and the Computer industry, benefited from these crises.
What actions should you take as entrepreneur?
During a crisis, hiring can be difficult but it’s definitely not impossible. Here are some tips on how to tackle recruitment challenges:
- Set-up a brainstorm session with your team to map out where you can find potential talent and connect with them. Now is the time to do so.
- Actively search for candidates in sectors that are being hit by the crisis.
- Focus on younger (and often cheaper) candidates, by collaborating with Campus Recruiters. Use the crisis as a stepping stone for young talent.
- While your company still hires, others might be letting people go. Create a pool of people that you can hire temporarily from companies that are in bad weather. By sharing employees on a part-time basis, all parties benefit.
- Freelancers could be more open to (part time) permanent contracts in these uncertain times.
- Use your own (or your colleagues) network to find candidates; now might be the right time to start that referral program.
- Keep an open mind and be creative!
In need of creative recruitment solutions or facing recruitment challenges? Get in touch with us for sparring or further questions.