Human Resources Praised for Contributing to Company Success, Even During Economic Downturns
Case Studies HR Apr 14, 2020 12:00:00 AM Topgrading Team %

During the health crisis, is there any good news for businesses? Yes. Human Resources is rarely praised for improving a company’s success overall. But it happens with companies that Topgrade, even during economic downturns. Canadian accountancy LLT, LLP is an example of how HR can shine, and an organization can succeed even during a crisis. The 2020 Conference Board survey shows bad hires to be the #1 concern of CEOs globally. The 2021 survey will probably show talent to continue to be CEOs’ top concern, not because of bad hires, but instead because the health crisis slammed the brakes on economies worldwide. As you know, companies everywhere have gone out of business or at least downsized massively, and unemployment has shot through the ceiling. HR is swamped with cutting, cutting, cutting, except in a few industries. The Good News: Topgrading companies turn crises into opportunities. With companies desperate to survive, Topgrading HR professionals shine by improving talent during crises by:
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- Replacing low performers with A Players, since more A Players are unemployed
- Hiring few people but almost all A Players, and then, when the economy roars back…
- Hiring A Players fast, using their “virtual bench.”
Improve your hiring success with Topgrading. Our proven hiring process will transform your selection methodology so that you get better hiring results. Our leadership and candidate assessment tools will help you assess, hire, retain, and grow outstanding team members. Contact us to learn more!