The Case for Upskilling vs. Buying Talent
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As an organization pursues digital transformation, the demand for world-class software engineers and data scientists expands. To keep its digital workforce well staffed, an organization can look for additional talent externally through new talent, or internally by upskilling existing staff.
Both require budget and resources.
To upskill or to buy?
- How do costs compare between upskilling or buying talent, and which option is more feasible?
- When do other factors come into play, such as concerns over employee retention and diversity in the workforce?
- What are the commercial as well as social outcomes of either scenario?