As we have learned about candidate assessment and probation to help acquire talent that is best suited to a firm’s jobs, please discuss the following:
1. Why are current candidate screening techniques not effective in ensuring a firm selects the best-suited candidate for a job?
2. What is the asymmetry of information a potential employer and candidate face during the selection process?
3. Explain who does the signaling during the selection process — the candidate, the potential employer, or both parties.