Key ideas
The Conventional Funnel Selects Availability, Not Excellence
A typical sourcing funnel begins with a large outreach pool and advances only the people who hap…Show moreShow less
A typical sourcing funnel begins with a large outreach pool and advances only the people who happen to respond. That response group is not necessarily the strongest segment; it may merely consist of candidates who were receptive at that moment. Repeated filtering then produces what Ward calls remainder-based hiring. At scale, even a sound interview process can cause organizational talent quality to regress toward the mean.
Why it matters: Companies should stop treating response rates and funnel throughput as proxies for access to the best candidates.
Supporting evidence
By definition that is not the top 20% that is just the 20 people who you caught on a bad day for them. Good day for you, bad day for them.
Define Excellence Before Meeting Candidates
The first step is to specify what exceptional performance means for the particular role and comp…Show moreShow less