Many organizations devote significant resources to recruitment, often at the expense of upskilling and reskilling their existing staff. However, reduced hiring costs are just one of the many advantages of nurturing talent within your organization. If rolled out correctly, upskilling and reskilling can inspire loyalty, drive resilience, and ultimately, enhance company performance.
Such benefits cannot be realized overnight. Not only does it require a dedicated L&D strategy, but it also calls for a company culture that’s based on continuous learning and development within the organization – a true learning ecosystem.
Counting the costs of recruitment
Tags: L&D best practices