Taken in isolation, formal hiring processes (eg. open applications, blinded and standardised assessments...) are often inefficient. It’s often easier to source candidates from within one’s network, and assess fit on an ad hoc basis.
But there’s advantages for a community to collectively use formal hiring processes rather than informal hiring processes.
Formal hiring processes contribute to a meritocractic culture, informal processes contribute to a nepotistic culture.
Formal hiring processes as public goods.
Taken in isolation, formal hiring processes (eg. open applications, blinded and standardised assessments...) are often inefficient. It’s often easier to source candidates from within one’s network, and assess fit on an ad hoc basis.
But there’s advantages for a community to collectively use formal hiring processes rather than informal hiring processes.
Formal hiring processes contribute to a meritocractic culture, informal processes contribute to a nepotistic culture.