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RAPPORT WWW.RECORDINGACHIEVEMENT.AC.UK Issue 2 (2015) The International Journal for Recording Achievement, Planning and Portfolios Relevant Information in the Recruitment Process: Perspectives of Students and Recruiters Dr. R.P.H. Ronald Lievens, Lievens HR Innovations MSc. W.I.E. Wendy Wesseling, Tilburg University, Netherlands Abstract: Due to heterogeneity in the labour market, the job matching process is hindered by asymmetric information between job seekers and employers. In the literature, it is proposed this asymmetry can be alleviated by creating matches on the basis of two types of information: high and low bandwidth data, representing hard (e.g. person-job fit) and easy to verify (e.g. educational background) information. This information could be distributed by Career Portfolios. However, it is unclear what information is relevant in the recruitment process. This is explored in this study, by gathering recruiter and student perspectives on the desirability of specific high and low bandwidth types of information. Results show that students and recruiters are in partial agreement about the relevance of both types of information: recruiters value high bandwidth data more highly than students. Keywords: job matching, recruitment, career portfolio Introduction Both the demand and supply sides of contemporary labour markets are characterized by great heterogeneity. Jobs differ with respect to aspects such as career development prospects and required competences, while there is also great variation among workers with respect to their competences, preferences, and other relevant attributes. Furthermore, the information about job seekers and employers is asymmetrically divided. Both parties have private information, which might be of interest to each other in respectively the hiring decision and the decision to accept a job offer. This is problematic, since the job matching process is dependent on the availability of representative and reliable information about the demand and supply sides of labour (Isgin & Sopher, 2013; Mortensen, 2011). In loose labour markets of today - in which there are more workers than jobs - , this problem gravitates towards employers rather than job seekers. They run the risk of making the wrong hiring decision, because they do not have enough information about the job applicant relevant to their needs. Because information is costly, firms have to invest in resources in pursuit of a productive match (Mortensen et al., 2011; Katz & Stark, 1987). They invest in recruitment and selection activities, such as posting job vacancies and conducting assessments (these activities may differ according to company size). In his article Wiring th