Improving The Workforce With The Needs Of The Business

Decent Essays

Organizations should continually review workforce planning to align the workforce with the needs of the business. In an effort to meet manpower needs, organizations can “build” from within the organization (promoting from within, training current employees to perform the functions, etc…), “buy” by hiring outside, or “borrow” by using a variety of contract workforce arrangements. While each have advantages and disadvantages, it is the organization’s business plan, time, budget and workforce plan that will drive the strategy.
Advantage of Building Talent Internally/ Disadvantage of Building Talent Internally One Advantage of Building Talent Internally. A long-term advantage of building talent internally is that it enables the organization to continually fill the talent pipeline, ensuring needed skills sets will be cultivated by training and providing experience to employees. According to Hogan (2014), “A critical element of a successful talent management program is the generation of “talent pools” within a company—a reliable and consistent internal source of talent and a valuable piece of the succession planning process.” One Disadvantage of Building Talent Internally. There are several disadvantages of building talent from within, such cost, it could cause a domino effect of employees moving to fill vacancies and even more so, it takes time. According to Design On Talent (2015), “Building is only a viable primary choice for an organization if the expertise and

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