Mediocrity drift: Difference between revisions

Mediocrity drift (view source)

37 bytes removed , 7 January 2023

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 ===System effects===
-Here is [[systemantics]] in its natural state.
+Here is [[systemantics]] in its natural state. How incoming [[Lateral hire|lateral hires]] perform will remain to be seen but, remember, performance is measured relative to cost. One firm’s incoming lateral hire is another firm’s lateral quitter. An outperforming [[lateral quitter]] marks herself to market, gets a pay-rise (why else leave?) and enters her new firm at the [[cost-value threshold]]. When she pitches up, she is no longer an outperformer. True, she may turn out that way, but it is not certain. She is just as likely — presuming a normal distribution again — to  underperform.
-and secondly, notice how pernicious the idea of the ''average'' is here.
-How your incoming [[lateral hire]]s perform will remain to be seen but, remember, performance is measured relative to cost. Since by leaving they have marked themselves to market, overperformers leave their old slot in the [[quincunx]] where they were at the top, and enter their ''new'' quincunx at the median. The vicissitudes of random chance mean the new arrivals might wind up in any slot but, in any case, their slot on average will be normally distributed. Your arriving at a higher cost than the ones you are replacing, they start not as outlier good staff, but average ones.
+Secondly, notice how pernicious the idea of the ''average'' is here.
 ===Affirmative action bummer===