Why A Recession Might Be Good For Business
Contractor Evolution • 1h 33m
If you’re wondering like I am.
What effect will inflation and climbing interest rates have on employees and employers alike?
How does a recession change the landscape of the labor market?
What emerging trends should business owners stay in front of moving into 2023?
How do you capitalize on hiring opportunities in a down market?
Then this episode is for you.
In this episode of Contractor Evolution, I’ve brought back Asad Zaman, CEO of Sales Talent Agency and a friend of the show. For those of you that listened to our Ultimate Hiring Funnel Series, you’ll remember him from episode 3.
Sales Talent Agency is an international recruiting agency, they’ve helped acquire talent for over 1500 companies: Harley Davidson, SAP, IBM, Salesforce, and Sonos just to name a few.
I wanted Asad back to talk about the state of the workforce and what we can expect out of the 2023 talent market. To learn where big trends are going, what to watch out for, and how to jump on opportunities this year, watch this episode.
Highlights
-The effects the last 3 years has had on the workforce and recruiting in the trades
-How inflation and a recession will impact the talent market and where to leverage opportunity as an employer
-Why you can't lower the bar for candidates you're hiring, even in a tough labor market
-Why you should never have your top employees asking you for a raise, and if they are, why you’re in trouble
-The reason knowing your data going into a recession is especially important
-The key traits that you should be looking for in your candidates in 2023 and which ones are different from previous years?
Contact BTA:
https://pca.so/btapcace
Up Next in Contractor Evolution
-
Why We Need To More Tradeswomen
Our guest on the show for this episode is Lydia Crowder (aka Drywall Shorty). Lydia puts out the best content for the drywall trade on all of the interwebs.
She’s been a drywall finisher for 20 years and owns Trinity Drywall in Bozeman Montana. She started to make educational videos about 3 ye...
-
7-Figure Contractors Annual Strategic...
We did a Strategic Planning Roundtable with some Breakthrough Academy Members a couple of weeks back. We had over 300 live attendees and tons of positive feedback so we thought we’d release it as a Contractor Evolution episode.
Given that you are probably doing some much-needed year-end reflec...
-
Stress Tested Contractor & Principles
Have you ever wondered why the bookkeeping and accounting for your contracting or trades business are so challenging? Well, there is a very real reason, and no it's not because you hated math in high school.
A lot of it has to do with the fact that your project lifecycles and the cash inflows an...
