When there is a huge demand for a particular skill set that you are unable to source from the market -in this scenario train and hire definitely works as an alternate sourcing strategy to ensure the new employee is productive from the day of hire as they are equipped with the technology skills/domain knowledge before they get absorbed into your organization.
To do this, we identify suitable candidates from various sources and put them through our regular stringent short-listing process, train them with the customized training content before they are presented to you, thus ensuring that the candidates who would go through your hiring process are ready for the new challenges.