The math of risky hiring

Here's an interesting post on how one should think about risky hires. Essentially he takes the financial theory of price volatility or "beta" and links it to making choices between safe "low beta" hiring "investments" and riskier "high beta" ones. He points out that the rational hiring manager will only be willing to take a greater risk if the expected value of the risky hire exceeds that of the safe one and draws the appropriate implications for those seeking jobs for which they are not necessarily 'perfect' for. More here: The Risky Hire