Human Capital – The Employment Trade (55 mn)
Because of the globalisation of the world market, public employment exchanges face more and more impossible tasks, while the private recruitment agencies are becoming more professional. In spite of the 5 1/2 million unemployed in Germany, 1 1/2 million employment positions are unfilled. A large part of the unemployment problem is a problem of recruitment. Although half of longtime unemployed individuals have limited qualifications, one third of businesses do have open positions which don’t need more qualifications than these unemployed have.