ABSTRACT
Public authorities have recently come to recognize the need to give retiring employees a wider choice of places to invest their savings and the necessity to create a sounder basis for company management of pension programmes. Companies could change recruiting rules by using other criteria if they so wished, and it may therefore be argued that the prolongation of the old system and its obsession with the university entrance examination as the principal determinant of quality is the responsibility of the companies and of the university administrators. The meritocratic features of the educational system therefore provide the rationale to justify differences in the human resource management system. Several advisory bodies of the Ministry of Education have submitted recommendations calling for significant changes. It was logical to treat them as a homogeneous group as they shared similar economic and social circumstances.
