Yes, the hedge fund guy. I haven’t read any of his books but I know of him. Good reminder to pick some of those books up. I love to read.
Entry level jobs: If there are lot of overqualified people out of jobs they apply for those jobs and when they get them they are typically very unhappy in those jobs. This situation doesn’t help anyone. So the moment they get something remotely better they leave and employers are back to square one.
It’s a big problem.
If you do a poll of job satisfaction and read some of the existing polls you will see what I mean.
We're even hiring people right out of college, not the overqualified ones. Recently hired someone to work on our project management team and they had no idea what an invoice was.
Dalio uses a lot of charts like you do in his books. He analyzes a lot of different data points such as education, debt, unemployment, etc. Quite a few of them you can get for free at his website if you signup for his email list. (Sorry if this is considered spam I'll delete it).
That is a different problem you are facing, competency exclusively. I wonder why that is?
Couldn't you find a better experienced individual who did understand what an invoice is?
You hired that greenhorn knowing that he/she didn't know the specifics but had other qualities you liked...
Can that individual me easily trained on the job?
In today's world what an invoice is can be learned in 30 minutes, isn't that correct?
Probably, but knowledge of invoices is a secondary skill behind reading drawings, engineering, and management (person in question has a mechatronics degree).
Well, I thought the answer was yes to both those questions. An invoice seems like a simple concept. Several times over two months I "trained" him explaining an invoice, purchase order, etc. For some reason it wasn't sticking.
His explanation was he is used to using Chat GPT for most things and sometimes has a hard time understanding new concepts. It was bizarre to work with someone so intelligent in other areas (engineering, coding, mathematics) but strugging to understand what seems like a simple concept.
I had hoped that the ChatGPT generation would still be out a few years. This has been very fast adoption and destruction on common sense. Very interesting story, as a business owner, I do have some problems with similar issues - but it hasn't been as bad, at least not yet. But we're in the process of hiring, so I'll see what comes...
Glad you found it interesting. It was certainly uncharted territory for me. I hope not all college graduates have this mentality of letting Chat GPT do all the thinking for them. I'm sure it can be a useful tool but not a good master.
This is a fascinating case! :)
Can you fire him if he doesn't get it? Because it is clearly not difficult. However, it is certainly difficult compared to copy-paste from chat gpt!
I remember I used to remember 100s of telephone numbers, now I know two exactly. I wonder is it similar case.
We were on the fence about firing him or not, he did really well in other areas so we tried to find a spot to put him where he could excel at his strengths and minimize weaknesses. He ended up resigning to go back to school and get his masters degree. His last say was two weeks ago.
It was one of the most strange cases of someone smart in certain areas yet struggling with basic concepts. He even wrote a software program to automate most steps of writing an invoice (we use excel, nothing fancy).
It must be something like this. It's the same for me, I can remember many phone numbers from childhood but so few now.
Also with driving. Certain places I have been dozens of times but I'm not sure I could get there without GPS. Sad to admit it.
I am glad you mentioned the GPS. Current generation a challenged to read a simple map or direction. They are terrible with mental map. I am a field geologist by training and as an adult travelled to many strange places, and it is mandatory for me to have a mental map of area I am going to or frequent. However, even for me I have been dependent of GPS in urban settings. It is just so easy to be able to think and relax on other people's or in this case a machine's direction.
For me it's only challenging when driving a car. Walking or being the front passenger, I usually do very well reading maps. But my family used to travel a lot through France and Spain, and mostly off the main roads, so reading maps and having orientation skill was necessary.
Huh, just remmebered. We once arrived on a new spot in the Alps close to Lago Maggiore in Italy, and I went of on the bike to get some bread. After 1h of driving, I hadn't found a bakery. I didn't speak a word of Italian, yet I managed to find my way back, despite the many turns I had taken to get to a village. I only stopped once to ask for water at a farm, but that was about it. Wasn't able to ask for directions, they didn't take French there, nor English :-D