As many businesses are cutting costs, a unique window of opportunity emerges. Michael Bitar, Partner and SVP of Busines Development, explains the advantages of how hiring can strategically position a company to gain a larger market share.
Prepare for Future Demand - While cutting headcount saves on salaries, it leaves companies understaffed when business picks up, ultimately leading to lost revenue.
Attract Top Talent - With big tech companies scaling back their oversized compensation packages and signing bonuses, smaller organizations now have the opportunity to attract top talent that was previously out of reach. Gain Market Share - Having the right talent in place will aloow a company to seize the opportunity to efficiently capture market share from competitors.