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rcriii comments on You Are Not Hiring the Top 1% - Less Wrong
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When you get 200 resumes, and hire the best person, does that mean you're hiring the top 0.5%? Think about what happens to the other 199 that you didn't hire.
This assumes that you (1) know what constitutes the best person, (2) that you are even capable of identifying that person, and (3) that the best person for you is the best for all.
To me the problem in hiring is not finding the best 1% (or 5 or 10%), but sorting the good from the bad. Once you have the good, then the problem of which are good for you almost sorts itself out.