Hiring right now is challenging. The increasing number of job openings means that candidates have multiple options for employment. This means that competition for the best talent is higher than ever.
Because hiring right now is difficult, your company may be struggling. As a result, you may want to consider alternatives to hiring new employees.
One of your best options is to reskill your employees. This is especially important for hard-to-fill positions. Training your employees on the skills they need to take on other roles in your organization can provide a variety of advantages.
Discover some benefits of reskilling your employees when hiring is difficult.
Better Fit for a Role
Some of your employees may be in positions that do not fit them. Perhaps the employees’ needs or interests changed. Maybe they want to take on new challenges in a different department.
Reskilling helps these employees prepare for roles within your company that fit their current goals. This increases the likelihood they will remain with your organization rather than seek employment with another one.
Some of your jobs or job duties may be replaced by automation. This likely means you need to reduce your workforce in these departments. Otherwise, your employees may not have enough work to keep them productive.
Rather than let go of these employees, you can reskill them to take on positions in other departments. Because your employees already understand the inner workings of your organization and its culture, they should be able to adapt and begin producing more quickly than a brand-new hire would. This lowers your costs for unemployment claims and hiring.
Hiring and training employees are expensive. This is especially true when finding talent with niche skills for specialized roles.
Reskilling your employees costs significantly less than hiring new ones. You already spent money on prescreening, interviewing, and running background checks for your employees. You also onboarded and trained them. All of these activities would cost a significant amount of money if you repeated the process for new hires.
Plus, there is no guarantee that new hires will remain with your organization for a significant amount of time. Having to repeat the hiring process would result in even more money spent.
Find Top Candidates
Since reskilling cannot permanently replace hiring, work with The Right Staff to find the top candidates you need to fill your vacancies. Get started with us today.