Crisis is The Best Time for Hiring. Really? Maybe not for companies with cash flow challenge. But if you have adequate working capital for at least the next 6 months and healthy cash flow, you should consider the following:
1.Many companies, including your competitors are letting hiring go people. If the main reason is due to company performance you will find some good people who are unlucky and have to join the jobseekers pool.
2.In country like Indonesia they usually receive generous severance payment.
3.You will allow them time to adjust and learn. The kind of time luxury that you do not have when the market is hot where you are busy filling orders. By the time the market picks up you can expect seeing these new hiring taking off
4.By hiring more people you will also send a strong message to the existing employees and your customers that your company is in a strong financial position. Great branding
5.Your customers are slowing down. What it means is you will have more time working on things that you normally overlook in busy period.
