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Discussion 3

In: Other Topics

Submitted By lslarson1
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Question 1
In your opinion, is it better to "buy" or to "make" competent employees?
The decision as to whether to buy or make an employee needs to be based in the context of how it will support the firm’s strategic plan. There are distinct advantages and disadvantages to both. The firm has to decide what are their needs and priorities. Do they need long term talent; do they need to change the culture in the firm? Does the firm accurately have a projection of the future production and work force needs of the firm?
When a firm buys an experience worker that has all the desired shill set and qualifications they can immediately begin to benefit form that person’s experience. They will also see a cost saving in that they will not have to train the individual in the job field. This experienced individual not only brings their knowledge to the firm but also their experience and their cultural perception, good or bad.
Making an employee is a time consuming and in turn a costly process. The firm will need to train the individual with the basic skills and knowledge to be able to meet the desired needs of the firm and incurred the added cost of training. The downside of this is once they are fully trained and qualified they may leave the firm for other opportunities. The advantage of this is that the firm will not have to retrain or deal with the undesirable habit that experienced individuals may have. They also tend to display more loyalty to the firm and have more of a vested interest in the firm.
I personally believe that a blended solution is the best solution. After 20 plus years of mangi9ng people in the military we always tend to have a mix of experienced and qualified individuals along with new technicians. This give us the opportunity to capitalize on the experience of others and help to bring new perspective and keep for developing the mind set of that’s how was have always do things.” By always bring in new untrained personnel we build that experience pool that we later draw from to help maintain continuity in the work centers.

Works Cited
Cascio, W. F. (2016). Managing Human Resources: Productivity, Quality of Work Life, Profits (10th ed.). New York, NY: McGraw-Hill Education.

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