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	<title>Comments on: Hiring:  A 50/50 Crap Shoot</title>
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		<title>By: Alan Veeck</title>
		<link>http://www.pittsburghventures.com/2010/05/hiring-a-5050-crap-shoot/comment-page-1/#comment-1198</link>
		<dc:creator>Alan Veeck</dc:creator>
		<pubDate>Sat, 08 May 2010 11:58:02 +0000</pubDate>
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		<description>I didn&#039;t make the odds, I just observe what they are; I agree with the investment part, but really believe in diminishing returns.

Some of our hardest working team members in our portfolios are not &quot;pedigreed&quot; guys - tough to build a hiring process around.  You just have to see them working.

I don&#039;t think it costs anywhere near 2 man-years of effort to do the hiring you outline; like anything else, you have to develop process around it.  Next to purchasing, I think HR is the most underutilized/underleveraged function in modern business.</description>
		<content:encoded><![CDATA[<p>I didn&#8217;t make the odds, I just observe what they are; I agree with the investment part, but really believe in diminishing returns.</p>
<p>Some of our hardest working team members in our portfolios are not &#8220;pedigreed&#8221; guys &#8211; tough to build a hiring process around.  You just have to see them working.</p>
<p>I don&#8217;t think it costs anywhere near 2 man-years of effort to do the hiring you outline; like anything else, you have to develop process around it.  Next to purchasing, I think HR is the most underutilized/underleveraged function in modern business.</p>
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		<title>By: Burgher Jon</title>
		<link>http://www.pittsburghventures.com/2010/05/hiring-a-5050-crap-shoot/comment-page-1/#comment-1196</link>
		<dc:creator>Burgher Jon</dc:creator>
		<pubDate>Fri, 07 May 2010 17:46:14 +0000</pubDate>
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		<description>Could not agree more, Alan.  I think this is a fundamental difference between early-stage and &quot;big&quot; companies.

In most technology companies, you can give someone a one or two hour task or a &quot;tell me what you&#039;d do in this situation&quot; interview that will give you as good a guess as you can get.  Then use a trial period.</description>
		<content:encoded><![CDATA[<p>Could not agree more, Alan.  I think this is a fundamental difference between early-stage and &#8220;big&#8221; companies.</p>
<p>In most technology companies, you can give someone a one or two hour task or a &#8220;tell me what you&#8217;d do in this situation&#8221; interview that will give you as good a guess as you can get.  Then use a trial period.</p>
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		<title>By: Vincent Rago</title>
		<link>http://www.pittsburghventures.com/2010/05/hiring-a-5050-crap-shoot/comment-page-1/#comment-1195</link>
		<dc:creator>Vincent Rago</dc:creator>
		<pubDate>Fri, 07 May 2010 15:33:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.pittsburghventures.com/?p=998#comment-1195</guid>
		<description>50/50% is pretty lean odds.  I agree with hire fast/fire fast,  but there is some amount of up front investment required to improve those odds.  

Play the game out a few iterations, if you really were running those odds, and it took  between 4-12 weeks to weed out,  a long term staff of ten would require 20 hires. (that could be 2 man years of FTE added to the rest of conventional acquisition costs)  That&#039;s and expensive way to hire, practical issues like confidentiality and non compete and leave a wake of people in your community that washed out.</description>
		<content:encoded><![CDATA[<p>50/50% is pretty lean odds.  I agree with hire fast/fire fast,  but there is some amount of up front investment required to improve those odds.  </p>
<p>Play the game out a few iterations, if you really were running those odds, and it took  between 4-12 weeks to weed out,  a long term staff of ten would require 20 hires. (that could be 2 man years of FTE added to the rest of conventional acquisition costs)  That&#8217;s and expensive way to hire, practical issues like confidentiality and non compete and leave a wake of people in your community that washed out.</p>
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