Pay-based Screening Mechanism: Personnel Selection in the View of Economics Theory

摘要

Based on economic theories, the paper studies the personnel selection at the asymmetric job market using signaling and screening model. The authors hold the opinion that an organization can screen the candidates' signaling based on the self-selection principle by providing an appropriate compensation choice. A pay-based screening mechanism is proposed to help the organization drive away the nonqualified applicants and retain the excellent applicants.