The 37% rule impacts the quality of the talent pool by providing a guideline for employers to optimize their hiring process. According to this rule, an employer should spend the first 37% of the time or interviews familiarizing themselves with the talent pool and identifying the best qualities. After this period, they should hire the next applicant who appears to be the best so far. This approach gives the company a 37% chance of hiring the best candidate. The odds of success increase with fewer applicants.
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If an employer interviews 100 secretary applicants, that person should allocate the first 37% percent of interviews to familiarize themselves with the talent pool and best qualities. If they hire the very next applicant that appears to be the "best so far," the company has a 37% chance of that person being the best candidate. The odds become greater with fewer applicants.