Iris Libby: The Changing World of Executive Search - Strategic - Selective - ROI Driven

Summary: Prior to October of 2008, a company might have six people performing a certain function and because of budget cuts, staff was reduced to three. So now you have three people performing the job of six, and then more cuts because corporations want to show profits and survive the downturn, so they lay off two people. So now you have one person doing the job of six. So here we are, we call up that candidate who’s doing the job of six, their income hasn’t gone up because of price cuts, and we offer them the job of one for an increase in compensation, you bet they throw their hat in the ring." — Iris Libby