An analysis by the UN Department of Economic and Social Affairs (DESA) states that the global economy could shrink by up to 1% (that amounts to $2 Trillion) in 2020 due to the Coronavirus pandemic. This statement is also accompanied by a warning that it may contract even further if restrictions on economic activities are extended without adequate fiscal responses.
As a direct consequence, millions of workers across the globe are facing the bleak prospect of losing their jobs or having their job offers rescinded. As an organization, we at Ideas2IT have decided to leverage this phenomenon! We’re actively hiring by reaching out to these professionals and hiring them. Therefore seizing the moment to strengthen our teams by absorbing quality talent that is readily available in the market.
If you are of the same school of thought, then this blog will immensely help you. Our team of HR experts has crafted a playbook that illustrates how you too could accomplish this. The playbook contains multiple tools and techniques so that you too could find companies and their list of layoffs.
Candor.co provides a list of companies that have laid off people recently. You can filter the number of layoffs in the companies and their status of hiring during the COVID-19 crisis.
Hack#2: Newsletters that curate news about layoffs
You could also subscribe to the new ‘Layoff’ list newsletter which is free and a weekly subscription. The newsletter gathers news stories and insider tips about companies that are laying off their people. This is an awareness initiative to let other potential employers source suitable or matching profiles.
Hack#3: Layoffs.FYI tracker – a new tool to find people’s directory
Subscribe to LAYOFFS.FYI blog to receive updates and news about when companies layoff people. The tracker helps you to find people’s directories and also helps in tracking the list of employees who were laid off in startups.
Hack#4: Where could recruiters find their gold mine of layoff data?
In case you are unable to find people’s directory using the tracker, you will find several companies creating a directory and posting the contact details of candidates who were let go to help them find new jobs. LinkedIn is one such case and when you search for a company’s name, the layoff directory shows details of the people who were let go.
Hack#5: Finding public directories to access the layoffs and active job openings
This is the public directory of the people who were let go from Bird.com. Similarly to find the list of active job openings in different departments, you can use the filter option to narrow down what you want to see.
Hack#6: Finding public webpages which give details about layoffs
You could also find public webpages with the list of people who were let go. For example, you could find 137 super talented people who have been laid off in BuzzFeed and are currently looking out for opportunities.
Hack#7: How Phantom Buster can help in reaching out to talents?
To help save time, you could use Phantom Buster. It is a tool that helps in curating Linkedin profile URLs, visit each profile on your behalf and send an invitation to connect. First, you need to gather all the Linkedin profile URLs into a spreadsheet and copy the shareable link of the spreadsheet and paste it in Phantom Buster. Later, you could write your invitation message and launch your Phantom or set it in repeat mode for it to connect with each profile.
Hack#8: Switch marketplace can connect you to companies that are still hiring
SWITCH is another option, it is a free marketplace that connects laid-off talent with businesses that are still hiring.
Hack#9: Targeting graduates whose job offers were recently rescinded
If you are looking for talents whose job offers were recently revoked, search for ‘Rescind’ on Linkedin and you will find people writing about it. This helps you reach out to candidates who have already been interviewed and selected by other companies, thereby reducing your ‘source to signup’ time.
Hack#10: How to reach out to the HR of companies laying off
By using the Linkedin Sales Navigator, you could easily connect to the HR team of companies who recently conducted layoffs or rescinded offers. You could use advanced filter options like the Company name to find a list of companies that have laid off people.
Hack#11: Using Phantom Buster to export Linkedin Sales Navigator Search
You could first use Phantom Buster to export the list of leads and accounts from Linkedin Sales Navigator. Then compile a good list of these in a spreadsheet so that you can import them directly into your CRM.
Hack#12: Run an in-mail drip campaign in Octopus CRM
You could use the blue import button in Octopus CRM to upload/import the profiles from Linkedin Sales Navigator, send a connection request to get in touch and run a drip campaign.
Hack#13: Register on familiar sites where people are looking for opportunities now
Level.FYI is one such site which helps the talent pool to look for new jobs by curating a list of companies that are still hiring. They are also in touch with companies directly to keep this list updated. Registering here as an employer will help in increasing the inbound applications.
Hack#14: Candor and Layoffs.FYI helps in driving inbound applications
You can also register for openings in Candor.co and LAYOFFS.FYI to increase inbound applications.
We hope you will make the best use of this playbook to absorb readily available candidates. By strategically strengthening your talent pool, you will also help minimize this wave of unemployment and give deserving people a better chance of pulling through the COVID-19 pandemic!
Founded by an ex-Googler, Ideas2IT started its journey as a high-end product engineering partner for Silicon Valley startups. Ideas2IT has produced 150+ top-quality applications for 100+ clients such as Microsoft, Oracle and Opportun. Ideas2IT offers specialist capabilities in the domains of Data Science, IIoT, Blockchain, Cloud-based SaaS, Robotic Process Automation, Frontend, Backend & Fullstack Development and Intelligent Chatbots. To know more, email@example.com or visit www.ideas2it.com