Reskilling vs. Hiring: When Should Companies Build Talent and When Should They Buy It?
Accessing the right talent requires more than filling open positions. Companies must decide when to hire external expertise, develop existing employees, or partner with specialists to meet changing business needs. By HKW Editorial Team | October 27, 2026 | 25.00 min read | Follow on BlueSky Introduction When a business identifies a capability it does not have, the first response is often predictable: Open a requisition. But a capability gap does not automatically mean the organization needs to hire someone. The capability may already exist elsewhere in the workforce. Employees may have adjacent skills that could be developed. People in declining areas of the business may be able to move into emerging roles. Alternatively, the organization may need specialized expertise that cannot realistically be developed internally within the available timeframe. In some cases, the requirement may be temporary, making an external partner more appropriate th...