Final answer:
The concept of human capital deepening suggests that the key to enhancing skills in the workforce lies more in education and training than in work experience. Professional HR practices can reduce hiring biases. Moreover, due to asymmetric information in the labor market, qualifications and education often serve as pre-screening tools for employers.
Step-by-step explanation:
Regarding the true statements about education and experience for HR professionals, one of the key insights is the concept of human capital deepening. This refers to the enrichment of an individual's or a workforce's abilities and skills through additional education and training. In the context of HR professionals, it implies that while experience is valuable, the ongoing pursuit of educational qualifications and further training is often given more emphasis in today's economy.
In larger organizations, professionalism in the HR department can assist in reducing bias in the hiring process, as seen in research where candidates with Asian-sounding names faced discrimination. Professional HR practices may include having vivid procedures to ensure diversity and mitigate bias. Moreover, employers often use educational credentials, awards, and GPAs as signals of potential employee qualities due to asymmetric information in the labor market. Qualifications might serve as a pre-screening mechanism, indicating attributes like energy level and work ethic which are harder to assess before hiring.