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August 14.2025
2 Minutes Read

Facing Recession Fears? Hiring Managers Share Insights on Cost-Saving Trends

Financial analyst examining stock trends on monitors in dimly lit office.


The Looming Threat of Recession: What Hiring Managers Are Saying

A recent survey by Express Employment Professionals has sent shockwaves through the hiring community, revealing that 80% of employers believe a recession is on the horizon. With nearly half expecting economic downturns within the next year, the pressure is mounting. An astounding 83% of hiring managers have already begun implementing cost-saving measures in response.

Actions Taken: More Than a Quick Fix

Among the proactive steps reported, 45% of employers are trimming unnecessary expenses, with another 29% streamlining their operations. This also includes cross-training employees (26%) and leaving open positions unfilled (23%). While these moves might seem necessary, they divert critical attention away from strategic planning—the very essence of organizational growth.

Understanding the Challenges: Problems Beyond the Numbers

The survey indicates that 61% of hiring managers feel that recession preparation is hampering their focus on long-term goals. More worryingly, over one-third of companies are doubtful about surviving the impending economic storm. This concern escalates among blue-collar employers, underscoring the widespread anxiety facing the workforce.

Turning Challenges Into Opportunities: A New Perspective

Despite the grim outlook, Bob Funk Jr., CEO of Express Employment International, provides a glimmer of hope. He emphasizes that the most resilient companies leverage economic shifts to enhance efficiency and flexibility. This is supported by findings that over half of those surveyed believe these challenging times could present opportunities for growth, indicating a shift in mindset that transforms fear into resilience.

As the job market tightens, it is crucial for talent acquisition professionals to adapt their strategies. Focusing on skills-based hiring and optimizing the candidate experience can pave the way for success regardless of economic conditions. By refining recruitment best practices and utilizing effective sourcing strategies, hiring managers can continue to build robust talent pipelines.

The Path Forward: Embracing Change

This juncture presents a unique chance for organizations to re-evaluate their hiring approaches. By investing in AI in recruiting and leveraging remote hiring tools, companies can cultivate a more adaptable workforce prepared to face uncertainties head-on. In a labor market that’s already showing signs of softening, the ability to pivot could mean the difference between survival and prosperity.

In these unsettling times, let’s remember: each challenge presents its own opportunity for growth. As we navigate these changes in hiring trends, it’s imperative that we stay informed and adaptable.

Are you ready to refine your hiring strategies in light of these changes? Explore innovative recruitment practices today to build resilience for tomorrow!


Talent Acquisition Trends

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What Elliott Manning's Journey Teaches Us About Consistency in Recruitment Success

Update A Journey from Chef to Recruitment Leader In an inspiring tale of resilience and adaptability, Elliott Manning, the founder of Kayman Recruitment, transitioned from the culinary world to the bustling realm of recruitment. Little did he know that his journey would mirror the struggles many face in the workforce. "I never planned to be in recruitment. I was a chef — long hours, low pay, and not much of a future," Elliott reflected, detailing the pivotal moment when a friend's words resonated with him: ‘I work long hours too, but I earn a lot more.’ This realization catalyzed his leap into a new career path. Building Success through Consistency One of the core lessons Elliott learned during his recruitment journey is the importance of consistency. "If you stay disciplined and persistent, you’ll keep moving forward. Stop, and your growth stops with you," he advises, emphasizing that success should not just be measured in financial terms. Instead, Elliott defines success as having meaningful work, a strong personal brand, and the comfort of family. His insights challenge conventional views of success in recruitment, which often focus on cold metrics like revenue and headcounts. The Quality Over Quantity Mindset In his approach to recruitment, Elliott emphasizes quality interactions over sheer volume. Many in the industry face pressure to meet numbingly high KPIs, but he believes in structuring measures around meaningful engagement and consistent outreach. "It’s about whether you were consistent in the right activities. KPIs should add value, not just create noise," he states, promoting a philosophy where nurturing relationships leads to more substantial outcomes. Technological Integration in Recruitment The recruitment landscape has dramatically evolved with the advent of technology and AI. Elliott acknowledges this shift but underscores the irreplaceable value of human connections in the field. "AI has its place... but will it ever replace recruiters? I don’t believe it will," he asserts, highlighting that while technology can streamline processes, the emotional aspects of recruitment remain uniquely human. His balanced fusion of old-school persistence and new-age tools sets a benchmark for modern-day recruiters. Lessons for Today’s Recruiters Elliott's journey offers vital lessons for talent acquisition managers, staffing agency leaders, and HR professionals alike. His insights remind us that recruiting is ultimately about connecting people with opportunities, fostering relationships, and understanding individual needs. As the workforce continues to change, embracing flexibility while maintaining core values like consistency and integrity will be key. As we reflect on Elliott's story, let’s remember that every recruitment challenge is an opportunity for growth. For those navigating the evolving landscape of hiring trends and recruitment best practices, the key takeaway is clear: stay consistent, prioritize quality interactions, and never lose sight of the human element in recruitment.

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