What is a Hiring Freeze?
A hiring freeze is a temporary cessation in hiring new employees.
How Does a Hiring Freeze Work?
Let's say Company XYZ is running out of cash and needs to conserve in every way it can. To avoid laying off employees, it institutes a hiring freeze, meaning that any open positions at the company remain unfilled until further notice.
Why Does a Hiring Freeze Matter?
Hiring freezes are methods of conservingand are almost always a reflection of financial within a company. They can strain morale, however, because employees may have been counting on hiring new employees to relieve backlogs, overloads or skills shortages.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.