In an organisation when there is a skill gap identified, inducting fresh talent to fill that gap is the normal course of action for HR. In the article the author argues that instead of opting for fresh talent, organisations should explore the possibility of reskilling and upgrading the skills of the present employees to fill the gap which is comparatively less expensive. It will also help in retention.​​​​
In a world of digitization where we continuously discuss about automation, Artificial Intelligence and Machine Learning, we often forget and sideline the key resource of any business which is human capital. Organizations focus on building new tools and analyzing data to increase productivity and maximize their revenues to earn maximum profit. While these should be the focus areas of every business, as an HR Solutions company, we strongly recommend on investing in the talent too.
There is no purpose served in conducting a recruitment drive if there are inefficient employees and low productivity. Recruitment is an expensive factor because you need to invest in the search for the right candidates from a large pool of existing talent available in the market. Moreover, investing time in the training and development of new candidates reduces your productivity, since, they take time to adapt to the new work culture and understand the functioning of your business.
Plan Ahead
This story is from the September 2017 edition of Business Manager.
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This story is from the September 2017 edition of Business Manager.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Help Line
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