What criteria do you consider when deciding whether to invest in developing existing talent within your organization or hiring new talent?
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Partner / Principal in Services (non-Government)a month ago
In certain industries, such as advanced manufacturing, investing in existing talent is not just a decision but a necessity. Organizations must upskill their current workforce while bringing in new expertise due to the limited availability of talent in fields like data analytics and AI. As these organizations transition to more digital and tech-enabled operations, it's imperative to invest in reskilling the existing workforce alongside hiring new talent. This approach ensures that the workforce is equipped with the necessary skills to leverage new tools and technologies.SVP, Data & Insightsa month ago
When deciding between leveraging internal resources or hiring externally, consider two dimensions: the urgency and criticality of the solution, and whether the team has the necessary skills and experience. If the solution is critical and the internal team lacks the required expertise, it's essential to hire external talent. Conversely, if there's time to experiment and develop internal skills, provide development opportunities to your team. Depending on these factors, you can prioritize either internal development or external hiring.Chief Architect - Middle East & Türkiye in Softwarea month ago
It's important to assess the learning agility of your team. Some team members may resist acquiring new skills and prefer to stay in their comfort zone. Conducting a cost-benefit analysis can help determine whether to upskill your team or hire new talent. This analysis should consider training costs, the time required for the team to acquire new skills, and the potential benefits and productivity improvements. Ultimately, the decision will depend on the team's learning agility and the project's requirements.VP of Dataa month ago
As a leader, it's essential to understand your team members on a human level. You need to make a mental model of what each team member aspires to achieve. If a team member is eager for new challenges, you can assign them new tasks, such as working with new technologies or leading transformation projects. However, if the team member isn't motivated and the business needs are evolving, it may be necessary to hire new talent.When building a team from the ground up, it's crucial to have strong individuals in key roles who understand the fundamentals. For example, if I'm developing a machine learning team and need to deliver results within six months, I would hire the right person to kick-start the project and ensure timely delivery.