Skill shortages and limited human resources will mean that companies will no longer have the luxury of taking people “on spec” and “seeing if they will work out”. The recruitment process must be far better structured in the future and more sophisticated methods employed. A company must be able to predict successful performance. Gone are the days when large corporations could recruit graduates in the certain knowledge that they would lose 50% within 2 years. Clearly a more structured approach to recruitment costs more money, either by employing outside consultants or paying agency fees or developing internal systems and procedures.
Journal name not available for this finding