It’s hard not to pass a gas station and gasp a little at gas around $2.00 a gallon. And while this is generally a great boon for the economy and our wallets, beware; this also spells doom for your retention and recruiting strategies.
You’d have to go pretty far back to see gas prices that low for a sustained period of time. But there was a time, after the dot-com bubble burst, around 2004 or so, when gas was low, stimulus money was flowing and unemployment was dropping. At that time, people were optimistic and hiring was pretty robust. Recruiting became a little harder - however, there seemed to be a willingness on both sides of the recruiting desk to create opportunities. Then, of course, came the Great Recession, but at the time, recruiting was working well for both companies and job seekers.Read More