What is a reason that companies might want to "buy" instead of "make" talent from the market when looking to acquire employees with a particular skill set?
A)External training methods are better than internal ones
B)Companies are always willing to pay more for external employees
C)External training is more advanced (up-to-date)than internal
D)Scale economies can result in fixed education costs while in house education methods may be more expensive
E)Externally trained employees are more likely to become better business leaders

Question

Quizplus · Accepted Answer

When companies "buy" talent from the market, they can take advantage of scale economies which can result in fixed education costs, making it more cost-effective than using in-house education methods. Additionally, purchasing talent externally can help to immediately fill specific skill gaps within the organization, rather than investing in training current employees.

What Is a Reason That Companies Might Want to "Buy