Budget constraints often demand a balance between boosting technical team productivity and keeping labor costs under control. Recruiting for new roles in software and data has become slower and more expensive because potential candidates need specific technical skills and knowledge that align with your company’s goals and tech stack.
Instead of external hiring, your organization could benefit from enhancing your current workforce through strategic reskilling.
The Costs of Hiring Tech Talent
The cost of hiring new tech talent starts with the initial recruitment. This process can take weeks or months, during which your internal teams continue to work without getting the help they need.
And even if you find highly skilled tech talent to hire, they won’t be at their most productive right away. You need to factor in the cost of time-to-productivity – when a new employee learns and gets accustomed to your internal workflows and data environments. Plus, for teams using proprietary software, you also need to account for the cost of additional, specific training.
On average, hiring the wrong person for a role can cost an organization 2.5 times the employee’s salary.
This is rarely a one-time penalty, but often a repeating cost for every ill-fitting or wrong hire. Instead, you can invest your resources into developing the skills of current employees, allowing them the time and opportunity to grow into their new roles.
Reskilling: Boosting Your Existing Team to Reach Company Goals
An alternative to external hiring is internal reskilling, in which employees who show interest and promise in particular areas and skills are given the necessary training and resources to move into new roles. This approach can boost your team’s potential faster than seeking external candidates, as your current employees already know your systems and structure.
Additionally, existing team members are less likely to quit their new role after a few months because they’re already an established part of your workplace, and they already share your vision and mission.
This is where Galvanize can help you. If you choose to reskill your employees via a customized training plan that we help you design and implement, your employees’ acquired skills will align directly with your tech stack and delivery model, minimizing unnecessary friction and closing the gap between when you need help and when you get it.
How Galvanize Enables Cost-Effective Execution
At Galvanize, we help you build the right reskilling project plan for your business, without slowing down delivery or outsourcing critical tasks. Our targeted training equips your teams to deliver faster and better work, with modern engineering practices and measurable outcomes tied to productivity, delivery, and ROI.
In 6–12 weeks, motivated employees can move from support, operations, or analyst roles into engineering, cloud, or data positions. Your company gains delivery capacity faster and more cost-effectively than hiring externally, while employees gain a durable career path.
Learn about our work reskilling employees at a Fortune 50 company – and contact us today to start bridging the gap between your strategy and execution.
Let’s Collaborate
Galvanize helps organizations bridge the gap between strategy and execution by building the technical capabilities of their people. Our model — Collaborate, Translate, Innovate, Validate — ensures learning is directly tied to performance. Talk to us about scaling capability within your organization.