Human Resource Systems: Some Value‐Analysing Decisions

“For many years it has been said that capital is the bottleneck for a developing industry. I don't think this any longer holds true. I think it's the work force and the company's inability to recruit and maintain a good work force that constitute the bottleneck for production. I don't know of any major project backed by good ideas, vigour and enthusiasm that has been stopped by a shortage of cash. I do know of industries whose growth has been partly stopped or hampered because they can't maintain an efficient and enthusiastic labour force, and I think this will hold true even more in the future!”