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How the Pandemic Has Changed Hiring

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Prior to the pandemic, there existed a very tight labor market, with many companies in dire need of qualified employees in order to continue growing their businesses.  With the unemployment rate continuing to balloon into double digits, the recruiting and hiring scene has certainly changed.  How should companies proceed from here?

Mike Switzer interviews Robert Ployhart, the Bank of America Professor of Business Administration in the Department of Management at the Darla Moore School of Business at the University of South Carolina in Columbia, SC.  This is Part 5 in our weekly series entitled “Managerial Insights-Supporting Businesses During an Uncertain Time” as part of a partnership with the Moore School’s Executive Education department, which will be followed up with a live Zoom conference on this topic this coming Tuesday, May 26th at 3pm.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.