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    Human Resources

    Is it time to end outsourcing and develop talent in house?

    IbyIMD+by Peter Cappelli Published December 14, 2021 in Human Resources • 8 min read

    In summary

    1. The established talent management model has changed from in-house training and promotion to a system of outsourcing and external hiring.
    2. The transformation has led to a dramatic rise in the number of MBA courses and outside recruitment agencies.
    3. Rapidly developing nations, such as India, could return to the traditional model as it struggles to recruit a sufficient number of skilled workers.

    Employers have largely abandoned the traditional talent management planning model and moved towards talent acquisition. But they are not doing it with much care. 

    Talent management, the task of identifying human capital needs and having some plan or strategy for meeting them, has been around for more than 60 years. But the tried and tested system is undergoing a rapid period change. 

    This vital branch of HR includes workforce planning and hiring along with the subcategories of recruitment and selection, training and development, assessment, promotions and succession. 

    However…