Another banking bailout is behind us. Who maybe next? Here in Arizona I have noticed a few things over the last few months:
-Companies are eliminating staff at a very high rate. When the recovery comes, will you have the qualified staff to take advantage of the upturn? I would suspect not and you will be forced to pay up for talent.
-Today’s college graduates cannot correctly name a picture of Abraham Lincoln. They all could name a picture of Spongebob. Trained workers will command a premium in the next upswing.
-Immigration legislation has had little effect on employers so far. Our tough Arizona laws came about when the economy was already tanking. Reports say there are about 350,000 illegals that have already left the state. Who will take their place when the economy improves?
If you want to see a great article on this topic, visit the New York Times website and pull up Why Should Recession Stop the Recruiters? By Kelley Holland
