Layoffs raining good news for the Start up industry ! !
Globalization means lots to us and that does not matters to two thirds of the population in the world and at no time in the history of the universe has the cancellation of Christmas orders in California meant layoffs in India.
A recession is very bad for the Society, but it's the best time for start ups. When there is massive layoffs, there's more competition for the available jobs in the market and which means that an entrepreneur can hire freelancers at a lower cost.
We Share our story and we do have enough experience in hiring a laid off employee !
You must be thinking if I have taken leave of my senses. How can people losing jobs be good news for anyone? Well, firstly, I must assure you that I possess a perfectly healthy (or near enough) state of mind. And what I am saying is indeed good news.
From retail to IT giants, organizations are laying off employees due to non-performance. While it's tough on employees, one must not overlook the brighter side of things. There are lots of rapidly growing start ups that are looking for skilled talent which they can readily get from employees recently given the pink slips and looking for work.
Here are a few benefits start ups can reap by hiring a laid off employee:
The employee comes with his own skill set and experience, and hence, won’t take much time to be fully productive.
You can save money on training costs and other expenses till the employee becomes productive.
You can hire a trained and experienced employee at a lower salary than the current market standards.
The employee can join work without much delay and an experienced employee can double as a guide and mentor to the team, saving considerable cost.
Bangalore Secretary Services is here to provide you with the best skilled force in the industry and Bangalore Secretary Services are in the business of consultancy in Bangalore prioritizing their level of expertise in head hunting, Placement consultancy in Bangalore, Senior level executive search in Bangalore.
And don't ever forget 'Hire Nice or Hire Twice'
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