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How to Reduce Your Bad Hire Rate
When you're hiring someone, there are two things that can go wrong. You can hire someone we shouldn't have or you can evail. And in the literature of false positive and false negative terms, a false positive is hiring someone whom you shouldn't have hired. A false negative is not hiring someone who should have but them,. Like bad hires and bad rejects, i guess. Bad hires cause you a real problem. They're all these invisible ways that, like, add up on the Negative Hire Rate metric. The only thing that gives you an incentive to reduce your bad reject rate is that hiring is expensive. This will look very good on the minimized bad higer rate metric,