Final answer:
Employers use probationary periods to protect themselves when hiring new employees due to imperfect information. Sellers of labor can reassure employers by providing resumes, references, and demonstrating their skills. The Civil Rights Act protects against discrimination in the hiring process.
Step-by-step explanation:
Employers protect themselves in the initial stages of contact with job applicants through the use of probationary periods. Employers may face imperfect information when hiring new employees. To mitigate the risks, they often institute a trial period during which the new hire is closely evaluated. Prospective employees (sellers of labor) can reassure their potential employers by presenting comprehensive resumes, professional references, and by demonstrating their skills and reliability during this initial stage. Moreover, certifications or a portfolio of work can also serve to provide assurance regarding the employee's capabilities and experience.
To prevent discrimination during the interview process, laws such as the Civil Rights Act of 1964 exist. These assist in protecting job applicants from being discriminated against based on race, color, religion, sex, or national origin. Employers must be mindful of these regulations during the hiring process.
Probationary periods serve dual purposes; they allow the employer to assess the suitability of new hires while also providing time for the employee to demonstrate their worth. It's common for workers to receive lower pay during this period. Through transparency and performance, job seekers can lessen the concerns of potential employers caused by imperfect information in the labor market.