Yes, this is obviously in response to managers reducing costs and lowering hiring risk in the face of the largest economic recession in nearly a century, but is there any good news here? I think so.
- When smart employers want to reward and retain quality employees, but cannot afford bonuses or increases in salaries, they can offer non-monetary benefits like flexible schedules and telecommuting.
- Contractual employment arrangements, which unfortunately don't come with the increasingly implortant (and expensive) health insurance, allow for flexibility you simply cannot find in the full-time world. Parents can work schedule flexibility into contracts and staff up during school terms and down in the summertime.
It's going to be a rocky ride, for sure, and the best thing we can do is to find and exploit the few bright spots in the economic outlook.