It is important to note, that properly developing strategic selection, training, and compensation programs takes time and financial resources. However, these short-term costs are almost always balanced by long term gain because the quality and caliber of employees (or human capital) within the firm improves (see "Expected Outcomes" box in Figure 1 ). The improved caliber of employees and enhanced effort almost always has a positive financial impact for the organization (Collins & Allin, 2006). For instance, Welbourn and Andrews (1996) demonstrate in their study of IPO firm performance that firms that had a high human resource value scores were more likely to survive long term. However, consistent with other research, they found that there were short-term costs associated with this