Author: Hideo Owan, Faculty Fellow, RIETI

With the advance of the digital economy, an increasing number of companies are facing changing business characteristics. As the uncertainty and complexity surrounding technological trends and the global situation grow, risks are increasing for business strategies that depend entirely on traditional business models. As a result, companies in infrastructure and smokestack industries have also started to invest in new businesses which were previously unfamiliar to them, and are eagerly engaging in open innovation and business partnerships.

Many companies appear to be adopting flawed recruiting methods while complaining about a shortage of workers. It is essential to take necessary steps, including ensuring that the hiring policy is understood and followed by the recruiting team, making selection based on a team approach and through structured interview, and developing unique measures for initial screening based on aptitude tests and other information on the application form.

Read the entire article on the RIETI website or in Japanese here.

Image taken by Lukas and sourced from Pixabay.