The Prof G Pod with Scott Galloway Talent Acquisition, the Recession, and Inflation — with Tyler Cowen
Aug 4, 2022
Tyler Cowen, a noted economist and author, tackles the pressing issues of talent acquisition amid economic uncertainty. He argues for a shift in hiring practices, emphasizing soft skills over traditional credentials. Cowen also examines the paradox of high employment during a potential recession and discusses strategies to combat inflation. His insights extend to the intersection of economic policies and political influences, as well as essential advice for navigating investment and mental health challenges in today's world.
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Intelligence Isn't Everything
- Smart talent evaluators often overestimate the importance of intelligence.
- Beyond a certain threshold, intelligence doesn't strongly correlate with job performance.
Attract, Don't Just Search
- Consider how to attract talent to your institution, not just searching for them.
- Invest in soft networks to make your institution known and attractive to potential hires.
Bureaucracy Kills Creativity
- Avoid excessive bureaucracy when hiring for creative roles.
- A venture capital approach, taking chances and having real conversations, can be more effective.
