. One of the key components of a staffing plan and related talent management programs is to decide whether to build or buy talent.

1. One of
the key components of a staffing plan and related talent
management programs is to decide whether to build or buy talent. Building
talent involves a commitment to train and develop employees to fill positions,
such that the employees have the right skills at the time they are needed.
Buying talent refers to the use of independent contractors, vendors, and/or
contingent employees to fill the talent demand.
For this assignment you will first need to
research both options – to build or buy. Then, write a short paper that
addresses the following:
·
A discussion of both staffing strategies, to build talent and to
buy talent.
·
Discuss the strengths and weaknesses of each approach, including
challenges for management and human resources.
·
Provide an example where each strategy works well, and provide an
example where each strategy is not likely to work well.
Things to Remember!
·
Write a short paper 2 to 3 pages in length (not including title
and reference pages).
·
Use Times New Roman, 12-point font, double-spaced, with one-inch
margins, with APA-formatted in-text citations and references for all resources.