Big Tech Layoffs: The Top Talent Acquisition Opportunity For Small Businesses In 2023?

big tech layoffs small business hr talent acquisition Feb 01, 2023
2023: The Best Year To Recruit

During The Great Resignation, countless tech workers left their jobs searching for higher pay. But as the wave of tech layoffs keeps accelerating, tech employees are rethinking whether to leave their job and face a highly competitive search. So, what does this mean for small businesses, especially regarding talent acquisition?

The shift from The Great Resignation to what is becoming known as 'The Great Recommitment' might be one of the most significant hiring opportunities for small businesses in 2023.

Granted, in a tight economy, not every business is in a position to hire right now. But suppose you are a company fortunate enough to either grow or continue to hire. In that case, this is a unique opportunity to grab some top talent that needs to be kept because of performance.

So, if you're a hiring manager who usually considers gaps in resumes as a serious detriment to a person's qualifications, it might be a good idea to throw that out of the window. There are great candidates out there - and right now, you can have an opportunity for them to join your team. 

If you want to learn more, don't miss this week's episode of 'While We Were Working!' 

Joey and Sommer discuss the implications of Big Tech's layoffs on small businesses:

  • Why the job market changed so quickly.
  • Why it's a unique opportunity for employers to hire top talent.
  • How to upgrade your talent acquisition strategies. 

In this episode's 'Consultant's Corner,' Sommer and Joey share their views on employees' mental health and productivity. Discussing mental health and medication management challenges can be an uncomfortable and tricky topic, especially when there are performance issues. So, as a manager, what is the best way to balance productivity and an employee's mental health?

Tune in to find out!


Key Takeaways

  • The best talent acquisition opportunity in 2023 (00:00)
  • What is 'The Great Recommitment?' (06:09)
  • Best talent acquisition strategy for hiring managers (07:43)
  • What to look for in candidates (11:25)
  • How to manage employees' mental health and productivity (14:33)
  • The dos and don'ts of discussing mental health and performance (18:48)
  • What employers must know about reasonable accommodations (22:39)


Additional Resources

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Hosts: Joey Price & Sommer Ketron

This show is powered by Jumpstart: HR, LLC

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