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Old 05-19-2019, 10:39 AM
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Le Bernardin Le Bernardin is offline
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Have hired a few of them and have been seeing them in this type of economy. Position posted for an analyst with 5-10 years of experience and ended up getting a manager with 25+ years of experience.

They've been working out well. If they leave between years 1-2, I would say that they still provided value. Due to their over-qualification, they needed much less time to get up to speed and contribute compared to the person we were planning on hiring. Both sides were on the same page that they would be taking a pay cut and would not get back to the level they were at, by working here. Would hire again.

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Old 05-19-2019, 11:23 AM
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Quote:
Originally Posted by Le Bernardin View Post
Have hired a few of them and have been seeing them in this type of economy. Position posted for an analyst with 5-10 years of experience and ended up getting a manager with 25+ years of experience.

They've been working out well. If they leave between years 1-2, I would say that they still provided value. Due to their over-qualification, they needed much less time to get up to speed and contribute compared to the person we were planning on hiring. Both sides were on the same page that they would be taking a pay cut and would not get back to the level they were at, by working here. Would hire again.
That is the same logic I use.

Much less training and costs. You can also use them to improve things (in many areas). They can also mentor the younger, less-qualified folks as well.
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Old 05-19-2019, 08:41 PM
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I think number of years is a poor indicator. Someone with a large number of years in insurance may have a thorough grasp of how certain things work and could be a great manager or decision maker, but might not have the same analytical skill set of a younger candidate. obviously not always the case, but shows, it's really more about fit.

Really comes to 2 questions.

1. Is the candidate able to provide more value than they cost. (multiple metrics)
2. Does the candidate have a skill-set likely to allow him to get more money providing other services (of any kind) elsewhere (but not needed at the current company)

"Overqualified" is just too vague, and I fully disagree with the, can't find a job because I'm overqualified concept.
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