Due to the rising cost of, and negative organizational impact from, bad hiring and promotion decisions, more workplaces are turning to formal assessment processes. These include online assessment centers that use multiple assessment tools, including workplace simulations, situational judgment, cognitive ability testing and other approaches. |
When the economy is slow or in recession, more people finally decide to start their own businesses only after exhausting all other options, since available jobs are tougher to get. In an expanding job market, such as in 2005 and 2004, more people who choose to become entrepreneurs really want to have their own businesses, and they start these more quickly. |