Recruit or invest in training: which is the smartest move for your SME?
December 2024 - Should you hire new employees to meet the growing demands of your business, or is it wiser to invest in training your current team? Both options have benefits, but which is best for your business?
1. The benefits of recruiting
Recruiting can quickly provide the right expertise. If you need specific skills that your current employees do not possess, recruiting new talent can provide a quick solution. This is especially useful when your business is growing and you need extra hands to ease the workload or when you are looking for specific knowledge. A new employee can contribute immediately to new ideas and techniques that can take your business forward.
2. The benefits of investing in training
However, investing in the training of your current staff offers a number of long-term benefits. First, it increases your team's motivation and commitment. When employees feel supported in their professional development, they will be more committed to your company. Moreover, training your current employees can strengthen the company culture, as they are already familiar with the internal processes and values.
Training can also help you make up for your company's technological lag without having to hire new employees. Instead of recruiting experts from outside, you can train existing employees in new software or technologies, enabling them to work more efficiently and remain innovative.
3. What is the best choice for your SME?
The choice between recruiting and investing in training strongly depends on your current situation. If you need quick expertise that is not easy to build internally, then recruiting is probably the right choice. However, if you want to invest in the long term, then training and education offer the most potential. Both strategies complement each other, but investing in your current staff makes for a stronger and more loyal team that continues to develop.
