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Re:The Way We Hire Is All Wrong by auggierose on Wednesday January 28, 2015 @07:13AM (#8959358)
I didn't even read the story after this gem: "In 2012, for example, consulting firm Leadership IQ announced it had tracked 20,000 new hires over time and discovered that 46% of them had failed within 18 months. In other words, most recruiting practices are about as effective as a coin toss." Now, what's wrong with this reasoning? :-)
Re:The Way We Hire Is All Wrong by brohee on Wednesday January 28, 2015 @08:24AM (#8959623)
Yeah they fail to understand that should the recruitment be a coin toss, 80% would fail.

This is because the good candidates resume are hidden in a forest of bad resume, from people submitting resume for jobs they are obviously unqualified for.

Pretty well explained in http://www.joelonsoftware.com/articles/FindingGreatDeveloper...

Re:The Way We Hire Is All Wrong by jia_min on Wednesday January 28, 2015 @12:05PM (#8961014)
You might be interested in this utility app that calculates the probability of a successful hire created by an I/O Psychologist: https://morgan.shinyapps.io/utility_calculator/

It takes the base rate of successful performance into account.