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How to Create a Recruiting Strategy: Buy, Build, and Borrow

SHRM Article ImageWhen organizations need to acquire talent, they have three options: buy, build, or borrow. They can “buy” talent—meaning hire someone as an employee. They can “build” talent—which involves training employees to assume new or different responsibilities. Or they can “borrow” talent—suggesting that they would find a freelancer or consultant to do the work. There are advantages and disadvantages to each of them.
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