The movie, Moneyball, is one of my favorites. I haven’t gotten around to reading the book, yet. I have watched this movie multiple times and each time it invigorates my love for baseball statistics and makes me want to come up with my own player analyses. Some analyses have made such splashing success. The Oakland Athletics are continuously competitive each year for a fraction of the price that the richer teams are paying. In a way, “moneyball” methods are analogous to lean methods; in this case, getting more production out of the same amount of payroll. But that isn’t where I wanted to go with this post. I wanted to focus on the statistical aspects and their affect on free agency and relate them to the common workplace.
Yes, we do have methods to seek out the best prospects; its called screening and interviewing. But we ultimately base our decisions on self-representation. We base the screening process on a resume; a self-made advertisement that outlines only positives and probably embellishes on successes and responsibilities. Then in the interviewing process, we base that off how well the person comes across and presents themselves and decisions are based on potentially practiced answers that may or may not be true. When you look at the hiring process, it will probably screen out the incompetent, but it still is basically arbitrary and may not always lead the best candidate being hired. Something should be done to improve this process.