According to Moody’s Investors Service, U.S. companies are hoarding almost $1 trillion in cash but are unlikely to spend on expanding their business and hiring new employees due to continuing uncertainty about the strength of the economy. With conditions likely to remain challenging for the foreseeable future, this does not bode well for traditional recruitment agencies that rely on placement fees for the bulk of their revenues. To make matters worse, direct hire firms are faced with clients negotiating reduced fees and increases in contract-to-hire requests. Now what?