Buy, rent, or build: How to know what talent strategy is right for your organization

In a perfect world, talent pros would quickly find the perfect candidate for every open role. However, approximately 40% of employees will need to reskill in the next three years to meet AI demands.

Cy Wakeman emphasizes that organizations should consider whether to 'build,' 'buy,' or 'rent' talent based on the specific needs and future changes of the business.

Although buying talent can be quick, it's risky and may only cover current demands; it often requires higher pay and upfront recruitment costs.

Renting talent, such as using gig workers, can also be expensive and generally does not facilitate necessary knowledge transfer for sustained organizational growth.

Read at HR Brew