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Keep or hire new employees

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Organizations can deal with changing jobs and job requirements by either retraining current employees or by replacing them. What are the strengths and weaknesses of each approach?

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Cost is usually the bottom line to why it is more beneficial for employers to either retrain current employees or replacing them. Other reasons may be to increase productivity, decrease turn-over, evenly divide workloads, boost morale among workers, and of course enlarge profit while shirking loss. Retraining current employees might give them a sense of cohesion, getting the workers to get along, respect each other, and help each other out when needed. They might have an increase feeling of ...

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