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WRITTEN ASSIGNMENT        6
WRITTEN ASSIGNMENT
Table of contents
Table of contents    2
Introduction    3
Advantages of Drawing Talent from Internal Labor Markets    3
Advantages of Drawing Talent from External Labor Markets    3
Biases in Organizational Decision Making and Selection Processes    4
Strategies to Overcome Biases    4
Impact of Unaddressed Biases    4
Conclusion    5
References    6
Introduction
The acquisition of talent is a crucial aspect of organisational success, since it influences both innovation and competitiveness. The search for qualified people who can lead organisations towards their goals includes a calculated approach to attracting talent from both internal and external labour markets. This paper clarifies the unique benefits of sourcing from both internal and external pools as it navigates the complex terrain of talent acquisition. Moreover, it explores the complex network of prejudices that penetrate organisational decision-making and hiring procedures, perhaps hindering the achievement of a diverse workforce. This paper intends to highlight the critical significance of an inclusive and impartial talent acquisition approach in supporting organisational growth, promoting innovation, and improving overall performance by examining solutions targeted at minimising prejudices.
Advantages of Drawing Talent from Internal Labor Markets
· Familiarity with Organizational Culture: Internal applicants tend to have a...