Finding the right candidates quickly is a growing challenge. Economic uncertainty, labor shortages, and rapid tech shifts have exposed the limits of traditional hiring methods. As economist and former U.S. Treasury Secretary Larry Summers put it in a recent Harvard Business Review interview:
“Businesses can’t wait for these things to be resolved. Many of them will never be resolved. You have to move forward, take action.”
To do that, companies need systems that help them move with speed, flexibility, and confidence, even in uncertain conditions.
“Smart businesses are going to maintain flexibility and have robust strategies that work at least reasonably well in a variety of different environments.”
Summers warned that today’s trade and labor environments are too volatile for rigid planning. That insight applies to workforce strategy as well. Instead of fixed headcount models, businesses need tools that let them adjust labor up or down in real time.
Look for tools that support:
These systems help minimize waste and allow fast reaction to changing demand.
“We haven’t had a technology that is self-improving before, ever... This is going to change more about the way people live and the way people work than anything else that has happened during my adult lifetime.”
According to Summers, AI’s capacity to improve itself makes it uniquely disruptive. In hiring, it’s already transforming how employers evaluate talent, moving beyond résumés to real-world performance.
Modern hiring tools now use AI to:
“It’s very important to produce a good product efficiently.”
Summers cautioned against businesses focusing too much on lobbying or policy distractions. The same is true for internal operations. If your team is spending hours managing scheduling spreadsheets or chasing down onboarding paperwork, you’re not focused on delivering value.
What to look for:
When execution is easy, teams can focus on output, not process.
“We have done poorly as a country with half of our population… that really isn’t oriented to going to college.”
Summers emphasized the gap between our workforce systems and the millions of Americans ready to work in service and trade roles. Many platforms are still built for white-collar, long-term employment models.
But most workers today want:
Hiring tools that meet these needs attract better workers and improve retention, especially in industries like logistics, retail, hospitality, and manufacturing.
“I would urge business leaders… to focus on what is the distinctive strength that my business has.”
Summers told the story of Kodak, whose CEO spent time lobbying in Washington while missing the opportunity to lead in digital photography. It’s a cautionary tale for any leader spending time stitching together disconnected hiring tools.
Summers’ core message, act decisively, build flexible systems, and focus on execution, is more than just economic theory. It’s a blueprint for workforce strategy in a time of constant disruption. But as any operations leader knows, turning strategy into execution is the hard part, especially when you're held back by legacy systems, disconnected tools, or manual processes.
That’s why purpose-built platforms like WorkWhile are essential. They help employers move from good intentions to measurable outcomes by:
With the right infrastructure in place, companies can act faster, make better hiring decisions, and stay resilient in the face of change, exactly what Summers says smart leaders must do.