Organizations have the option to invest in current employees and to build talent internally, buy talent by hiring externally, or borrow talent through contract workforce arrangements. Describe one advantage and one disadvantage for each approach. How might an organizations strategy affect which approach it selects? Describe an example in which each approach would be appropriate.

Support your initial posts and response posts with scholarly sources cited in APA style

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.