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people say that the silver lining in a global downtown is that it will be
easier to find talent.
In fact, in
a downturn, talent is even MORE important. And everyone realizes it. if your company is tasked with doing more
with less, than you need the absolute best people who can accomplished in one
hour what takes most people four.
And I got
news for you — it was ALWAYS hard to find talent. ALWAYS. It is hard to find great people because
there are so few of them. Yes, it will
be easier to find competent people. but
no, it will not be easier to find great people.
really hard in 2001-2002. I remember. it is just hard. Especially for start-ups. When you are a start-up, you need to be
picky. And iin tough times, a lot of
good people join big companies because they want safety. Many awesome people joined Yahoo and eBay in
2001 and 2002. only a few great people
joined those companies in 2007. But I expect
a lot more might be joining in 2009 because they'll want a surer thing. (this is, of course, a bad strategy for
employees as big companies are generally a tough place for great people because
corp politics stifles innovation and output).
lots of silver linings in a downturn (and I'll get to these in future posts) …
it is going to continue to be very hard to find great people.