Google Hiring: The Lake Wobegon Strategy, "only hire candidates who are above the mean of your current employees"
googleresearch.blogspot.com
googleresearch.blogspot.com
First, it's hard to measure candidate and employee quality on one single scale, with a standard deviation of only 15%.
Second, people you hire aren't always going to perform at the level of performance you estimated, independent of the project you put them on.
Third, your candidate pool won't always contain people who are smarter than the mean. I'm sure Google is now attracting the best and the brightest, but will the same be true 5 years from now?
Well... apart from joke, it is a very bad sign when you start to "rate" humans, I think that all this meters at Google are the reason why most of us thing that Apple accomplished good design and beautiful creations. Now thing about Google: Yes, smart engineering but there is some ingredient missing. Sometimes good things come exactly from the guys Google will reject at the first stage of the interview.