Your BOTEC seems to depend on the assumption that the people hired through the open process will be roughly twice as impactful as the best people available through a closed process. That seems like a big uncertainty, but I appreciate it was a rough sketch.
If the open process produced people who are 2x as impactful, then yes, 120 additional hours looks very worthwhile. But if the difference is much smaller, or if a semi-closed process would have brought in the same people (which is why I wanted to know whether the two you mentioned were found via personal outreach/sourcing), then the case becomes less clear.
To run such a round for communication or marketing/SEO value is a novel approach, but isn’t without cost in terms of the sheer numbers of people spending time applying.
I wouldn’t say that open hiring should never be used, but that orgs should stop defaulting to elaborate processes when targeted hiring may be more efficient. I agree with your final point that an open round may not be worth it in some cases.
Thanks, this is helpful and clarifies the crux.
Your BOTEC seems to depend on the assumption that the people hired through the open process will be roughly twice as impactful as the best people available through a closed process. That seems like a big uncertainty, but I appreciate it was a rough sketch.
If the open process produced people who are 2x as impactful, then yes, 120 additional hours looks very worthwhile. But if the difference is much smaller, or if a semi-closed process would have brought in the same people (which is why I wanted to know whether the two you mentioned were found via personal outreach/sourcing), then the case becomes less clear.
To run such a round for communication or marketing/SEO value is a novel approach, but isn’t without cost in terms of the sheer numbers of people spending time applying.
I wouldn’t say that open hiring should never be used, but that orgs should stop defaulting to elaborate processes when targeted hiring may be more efficient. I agree with your final point that an open round may not be worth it in some cases.
Anyway, thanks again for writing this up.