The key is to acknowledge and correct mistakes in hiring, as ignoring them leads to more work in the long run. Making mistakes is acceptable, but it's important to address and rectify them quickly. It's crucial to prioritize quality over quantity in the hiring process, acknowledging that a 1 in 5 mistake rate may be acceptable as long as corrective action is taken promptly. Additionally, the speaker emphasizes the importance of not ignoring mistakes and the need to address them proactively for better results.

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