David Wessel had an interesting article about the effect of one area of corporate cutbacks -- human relations. HR departments adjust by relying on electronic services to evaluate applications. The process is so rigid that virtually no applications are suitable.
One company drew 25,000 applicants for a standard engineering position only to have the HR department say not one was qualified.
One interesting implication is that the corporate types who complain about having trouble finding workers may not all be lying. Some may have been shooting themselves in the foot. Maybe it is not so much a lack of skills as corporate short-sightedness.
The article is here: