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M4A2 Short Paper Buy or build talent

M4A2 Short Paper Buy or build talent

Q One of the key components of a long-range staffing plan and the 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. It is not unusual for firms to hire a contractor to do a particular project. For this assignment you will first need to research both options – to build or buy. Then, you will write a paper that includes the following: An explanation of both staffing strategies: to build talent and to buy talent. A discussion on the strengths and weaknesses of each approach, including challenges for management and human resources. Your explanation, after watching the video, "What to expect with interviewing The Zappos Family of Companies (Links to an external site.)" [04:15 min], of whether you would buy or build talent and why. Things to Remember! Write a paper 5 pages in length (not including title and reference pages). Compose your work in a .doc or .docx file type using a word processor (such as Microsoft Word, etc.) and save it frequently to your computer. For those assignments that are not written essays and require uploading images or PowerPoint slides, please follow uploading guidelines provided by your instructor. An explanation of both staffing strategies: to build talent and to buy talent

Q An explanation of both staffing strategies: to build talent and to buy talent

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In today’s tremendous competitive business world, most of the companies are constantly expanding their business in order to gain the needed competitive advantage in a proper manner. Therefore, there is a need for recruiting the potential candidates for every position. Otherwise, it will be impossible for the company to obtain the desired position in the particular industry.