HIRE THOSE HIGHLY SKILLED WORKERS
Waiting to hire new employees when the economy improves might sound like rational thinking at present; however, if you wait until then to start hiring, the pool will be significantly smaller. Hiring those needed employees now will benefit the company now and in the future. There are presently an awful lot of unemployed experts out there who have been recently downsized. There are more top notch recruits out there now then there has been for nearly thirty years! Now is the time to take advantage of the situation and put some of those great employees to work in your company. Yes, there is always the chance that these experienced workers will leave for greener pastures once the market changes, but only if you make it more attractive for them to do so. Train your management staff in how to retain those outstanding employees and start building a better workforce. You can take advantage of the skills and experience these new employees have to set up your new programs or to train your workforce. Hire a Black belt in six-sigma and let that person train the others to be more efficient and cost conscious. Hire that experienced CNC programmer and have that employee put together and implement your DNC system. Find that warehouse guru and let that person establish your pick and place system or that kanban program. The examples are endless. If adding to your payroll isn’t an option at this time you might consider hiring a consultant to help out with those new projects and systems. By using a consultant you get those things done that you do not presently have the skills for without having the cost burden of a full time employee. When your project is complete you will not have to try and find ways to keep them busy nor do you need to pay unemployment, etc. So use your excess time wisely and turn what seems to be a bad thing into a good one.

PURCHASE THAT NEW EQUIPMENT
Another great opportunity you have right now is the procurement of new state of the art equipment. Machine builders are feeling the crunch too. They are reducing costs to keep their plants running and retain their employees. As a result, there are some really good deals out there on machine tools. Purchasing those needed tools at this time will not only save you money, but you can get what you want right now and at a lower cost. If you wait until the economy recovers everyone will want the same things at the same time. Selections will be dramatically reduced because it was not economical to replace the tools that were sold. Since the manufacturers are short skilled labor from layoffs, lead times will be quite long. They will not be able to get the materials needed to build new tools because everything will be in short supply and as we all know, shorter supply means higher prices. If you buy those tools now you will have them when everyone else is waiting to get theirs. This means you will have an opportunity to grab up more of the market share. Having that new equipment in house now also means you can start learning to use it. Train your operators to run the new equipment now, while you have the extra time. Learn how to program the machines and start determining which jobs might run quicker, more reliably, or more accurately. Train your maintenance personnel and set up your maintenance schedules. Start saving now and position yourself to handle those new jobs when you get them.

NO MORE EXCUSES
All those skilled employees that you couldn’t find before are out there now. All that equipment that you couldn’t afford is inexpensive right now. All that time you didn’t have for training and implementing those new programs is at hand. The time for making excuses is over. What seems like a death knell to other companies can mean new life for yours. Look at this downturn as a long needed opportunity to improve operations, better your workforce and position yourself for growth. So if you have it, then spend that money and set yourself up for a prosperous future.  James Cavalluzzi