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Organizations have the option to invest in current employees and to â€œbuildâ€ talent internally, â€œbuyâ€ talent by hiring externally, or â€œborrowâ€ talent through contract workforce arrangements. Describe one advantage and one disadvantage for each approach. How might an organizationâ€™s strategy affect which approach it selects? Describe an example in which each approach would be appropriate.
Many organizations invest significant resources in recruiting talent but fail to implement a formal strategy to retain talent. Describe the key elements of an effective employee retention program.
APA 250 words