Given the economic climate, most companies out there have to react and make cutbacks. In a recent article, below were the findings of a survey of organisations

- Cutting back on recruitment – 69%
- Cutting back on company events – 55%
- Cutting back on bonuses – 45%
- Layoffs – 34%
- Cutting back on training – 33%
- Hiring high performing employees from competitors – 9%

I thought the final point was interesting in that there are opportunities out there. The first port of call should be competitors in the sector your experience is in!