December 09, 2009

Cancellation of competition

Cancellation of competition guilds got to job search balance supply and demand through the cancellation of the competition. Both Tyco and MCI have worked with can define the exact right guy for the job In a free recruitment market, bidders compete to meet demand primarily through two means: the price and quality. The price depends on the volume of supply (which in turn is given by labor and raw materials) and by production costs (which are a function of technology). The recruiter quality depends on the skill of the craftsman, the material used and manufacturing processes. The guilds broke up the competition by acting as both the price and the quality. The price fixing was achieved by controlling the volume of production (fixed number of workshops and craftsmen) and controlling production costs through regulations affecting the manufacturing sales jobs process recruiting and wages. Quality is controlled by the system of training of manpower, material selection and overseers as a medieval recruiting auditors ensured the goodness of the product.

Dec 9, 2009 1:47:14 AM

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