Keeping your business’s talent level at its peak ultimately plays an important role in its success. In short, a skilled workforce with experience relevant to your company’s operations ensures a productive and profitable organization. So, when managing any talent gap, your business must determine whether training or hiring provides the most impact.
Let’s examine whether hiring new talent or upskilling existing employees provides the highest return on your investment. Use these insights to either upgrade your company’s training program or engage in its staffing process. Contact the experts at CAREERXCHANGE® (CXC) for our advice and help finding talented professionals for your business.
Considering a Strong Training and Upskilling Program for Your Business
Fostering a company culture focused on professional development offers many benefits to businesses. This includes having the ability to upskill current employees to handle an acute operational need, like closing skills gaps. Cross-training your existing staff also provides meaningful flexibility for handling vacations and other absences, without hampering productivity levels.
However, when you quickly need to close a skills gap, upskilling arguably requires too much time. This is especially the case if a company lacks a proactive approach to its employee training program. In that scenario, recruiting and onboarding someone on a temporary or permanent offers a better option.
Notably, a strong training program and meaningful professional development opportunities improve your company’s retention rate. It also makes it easier to attract talented candidates willing to join your organization. Reach out to the CXC team for insights on the importance of a robust training program for employee retention.
The Pros and Cons of Hiring to close a Skills Gap or add Talent
Of course, recruiting someone on a permanent or temporary basis provides an effective option for closing a skills gap. This is especially the case if you quickly need to onboard someone and training simply requires too much time. Hiring a professional ultimately puts the necessary talent on your team faster than any training or upskilling process.
Depending on the nature of your hiring need, either offer a candidate a temporary contract or a permanent position. In many cases, hiring a temp provides a more cost-effective option. After all, why pay a full salary and benefits to handle only a short-term need? CXC offers candidates interested in a variety of employment options, giving your business meaningful flexibility.
When you need to close a skills gap or add talent, connect with the staffing experts at CAREERXCHANGE®.
As one of the top talent recruitment firms in the Southeast, we provide exceptional candidates to help your organization thrive. Schedule a meeting with us to discuss your current hiring situation.
