I know some of my readers have the power to hire staff for their companies. This is definitely a buyer's market in many industries with many people currently unemployed or under employed. Certainly, this could be the time to attract new recruits at much lower pay rates than in recent years.
The old phrase, 'buyer beware', comes to mind. unless you are hiring a contract staffer for a finite period of time, try not to come in so low on salary offers that your new folks will be gone the minute the economy loosens up. While people are generally appreciative of the chance to be gainfully employed, they are not going to justify staying with you if better opportunities appear. Please remember that a happy employee is a long term investment!!
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