Silver lining to economic downturn

Employers’ market a chance to recruit top talent
By Shannon Klie
|Canadian HR Reporter|Last Updated: 01/21/2009

With news of the Canadian economy shedding 71,000 full-time jobs in December and unemployment increasing to 6.6 per cent, 2009 is shaping up to be a bleak year for businesses.

But the news isn’t all bad, according to Patrick Sullivan, president of online job board Workopolis.

With a tight economy driving layoffs and reducing competition for talent, there is an opportunity for HR professionals to build a stable of high-quality employees, said Sullivan.