A “Hiring Freeze” is a temporary halt on the recruitment and hiring of new employees within an organization. This measure is often implemented during financial downturns, organizational restructuring, or periods of uncertainty to control costs and stabilize the workforce. During a hiring freeze, existing job openings are typically put on hold, and new positions are not filled until the freeze is lifted.
For example, if a company is experiencing budget constraints and decides to enforce a hiring freeze, it will pause all new hiring processes and only focus on filling critical positions or those that are crucial to operations. This allows the company to manage expenses more effectively and assess its staffing needs without the financial burden of additional salaries.
Related Terms:
Recruitment Process Outsourcing (RPO)
