Waaaait why is it not in the incentives of companies hiring to automatically fix this? They instantly get better candidates for cheaper wages.
Step one: Decision makers who can change these processes need to be aware of this problem. Many companies fail this simple task.
Step two: These decision makers must be held accountable for the success of the process. Many companies fail this simple task.
Step three: These decision makers must be willing to admit that they made a mistake, and risk loss of prestige and political capital. Guess how likely that is.
And the bigger the company, the worse it gets. It's a good thing we didn't go through 20 years of consolidations and mergers. Oh wait.
Yes, but they also hiring is so random already they don't care about it being like 3% better or whatever.
its an information and principal agent problem.
We don't know how to measure worker productivity -> its hard to even say what a good hire is.
We don't have good standardisation around whatever measurements we do take -> hard to say anything about hiring at all.
People are more interested in their own prestige than hiring the best option for the company -> too many candidates get hired in the wrong places.
many of these problems do seem solvable given risk taking and statistics. However, culturally hiring managers aren't inclined to do either.