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timated reading time: 3 minutes I
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rsquo;ve talked in the past about the concept of “buy, build, borrow”. It’s the idea that when organizations are looking for talent, they need to consider whether they want to buy (hire from the outside), build (develop current employees), or borrow (outsourcing work to freelancers or contractors). Each strategy has its advantages
and challenges. Today, I want to focus on the last one – borrow. There are many reasons that an organization might want to consider a borrow (
a
ka outsourcing) strategy. They don’t want to add to their existing headcount. I’ve worked for several companies that