With unemployment high and a lot of businesses cutting back on pay for those employees left, this would seem a good time for companies looking to hire. But as Seth Godin says, "if you need cheap bodies, this is your moment. But if you need amazing people, be prepared to work hard to find them." Godin points us to a compelling piece on hiring by Auren Hoffman , CEO of RapLeaf . Hoffman writes that economic downturns can make it more difficult to hire the right people, simply because there are more people looking for work. Hoffman believes in always hiring "A-players." And in the clutter of additional applicants, there are a lot of C-players available who might not look all that different from A-players on paper. So hiring the A-players take extra work. Essentially, Hoffman believes the number of A-players available remains somewhat constant. During big rounds of layoffs, companies shed C-players and B-players in greater proportion (see chart at right). So what's the answer? Hiring managers need to dedicate additional time to screening and testing applicants, or take your chances with B and C-players. Hoffman also says companies that are innovating in times when everyone seems to be playing it safe have an advantage. Some A-players are less likely to be looking to jump ship during tough times due to a risk adverse profile, security, financial reasons, or other reasons. They are happy where they are and more likely to hunker-down in tough times. On the flipside there are A-players that are MORE likely to leave. Tough times often paint companies into a corner and force them into maintenance mode rather than continuing to innovate. Great players love to innovate and usually NEED to innovate. It’s usually very hard to keep these type of A-players caged-up and thus this presents a big opportunity for recruiting. For instance, in the past it was really hard to hire great software engineers out of financial behemoths like Goldman Sachs, Morgan Stanley, and JP Morgan Chase. These companies have outstanding people and pay these people really well (often 50% above the salary at a tech company). Nowadays, even if these people have not been laid off, the great people are going to be leaving in droves. Why? Because in the next two years, it is really doubtful they will be doing anything remotely innovative. Instead they will be maintaining current systems due to the understaffed and underfunded technology departments. No fun there so expect a big exodus out of these companies. Read Hoffman's full post here .