Hiring vs. training: What’s the best strategy?

An experienced magazine editor, Mike didn’t just produce the company’s magazine, he was the magazine (everyone called him Mike the Mag). He set up the publication from scratch, had close working relationships with all of the regular contributors and advertisers, knew the target audience inside out, and had the editorial process nailed.

So, when Mike handed in his notice (just as they were planning the bumper-sized Christmas edition) the potential fallout was huge.

Time for action.

Agreed.

But what action?

As a team leader, it’s unsettling when one of your team members hands in their notice. Mild panic sets in. Which is why many rush into the next stage without giving the different hiring vs. training options much thought. They either copy and paste an old job description and swiftly place an ad externally or draft an internal memo and quickly promote from within.

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