Comprehension Passage

Selection is a pivotal function within the staffing process, tasked with identifying and choosing the most appropriate individual from a pool of potential applicants for a specific job role. This step occurs after candidates have been recruited and involves various evaluative methods, commonly including employment tests and interviews. The true measure of an effective selection process lies in how well the chosen person performs once on the job.
Organisations place great importance on making sound selection decisions. A correct decision means successfully hiring someone who was expected to perform well and does, or successfully rejecting someone who would have performed poorly. However, the process is susceptible to errors that can pose significant challenges. A "reject error" occurs when a candidate who possesses the potential to be successful is mistakenly not hired. Conversely, an "accept error" involves bringing someone into the organisation who ultimately fails to perform effectively. Both types of errors carry substantial weight and can result in considerable costs for the company. Therefore, employing a rigorous selection procedure is vital not only to secure the best available talent but also to underscore the seriousness with which hiring is treated.

According to the passage, what can be a consequence of "reject errors" or "accept errors"?

1
Improved employee morale.
2
Increased productivity.
3
Significant and costly outcomes for the organisation.
4
Streamlined administrative procedures.

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