Sunday, May 08, 2011

Riddle me this...

If every company only hires (according to HR, anyway...) the top-of-the-class, top 1% of the population types, why isn't the unemployment rate at 99% yet?

3 comments:

Unknown said...

Because the people who are top 1% in one field are not top 1% in every field? A top 1% lawyer is probably not a top 1% doctor...

ttj said...

Good catch, Jeff; of course I fumbled by saying top 1% of the population. But if we refine the scope and say that lawyers only apply to law firms, etc., the situation is then as previously described.

Unknown said...

I'll be less pedantic in this comment. In any one field (let's assume we're as specific as can be, so let's stick with law) there will obviously be subspecialties...

Also the "top 1%" will also have variation over the range of progress of the career. It's possible to have top 1% senior partners, top 1% junior partners, top 1% associates, top 1% students in a law firm. Altough in a strictest interpretation only the top 1% senior partners are "best" your law firm dies when they retire, so you better have best replacements waiting for them.

Then there is the question of location, since law firms will have offices in different cities they could have the best people in city A while another firm has the best people in city B.

So already what percent does that cover? I have no way of guessing.

Then there are the firms that don't say they hire the very best available (not to pick on janitors, but that might be an example), but offer good quality per dollar at a low total dollar cost. I don't need the world's best janitor to clean the halls of my building, just competence at a reasonable price...