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Why You Must Implement an Evidence-based Assessment Process

How to stop losing good candidates for bad reasons - by Lou Adler Source : ere.net There was an interesting story in the July 19 edition of Time about Dodge & Cox, the San Francisco-based mutual fund company. Here's the opening paragraph. You might want to take the same approach they use when investing in stocks as you do when assessing your candidates: The money managers at Dodge & Cox have heard the adage that a camel is a horse designed by committee. They politely disagree. Their horse, you see, keeps winning. Each of the firm's four mutual funds has from nine to 18 portfolio managers, and everyone gets equal say in which stocks and bonds to buy and sell. "The investment business is permeated with the lore of the individual. We think that's a bad way to manage money," says CEO John Gunn, one of many decision makers. "There are a zillion independent variables, and it's very hard for one person to think about them all." If you've ever l