Thursday, September 23, 2010
Haskayne prof revolutionizes economy
I was delighted to read today that a professor at the Haskayne School, Dr Piers Steel, has developed a "conceptual framework" to match workers to jobs better. He is proposing a system called "synthetic validity." You will understand why I am so excited about this when you learn, as I did with astonishment, that "This new selection tool would also be incredibly valuable, generating worldwide benefits worth trillions of dollars per year—more than $100 billion to the Canadian economy alone—says Steel." Wow!!! Canada's GDP is around $1500 billion, so Steel's conceptual framework, for which a working system apparently still needs to be built, will boost our GDP by 7% on a perpetual basis!!! Not to mention the global effects!!! This is the single most important finding of the last hundred years, at least. While I haven't had time to read the materials in detail, I am really pleased to know that a simple tool in which the precise demands of each job are fully described, matched up with workers who systematically describe their true traits, can achieve such great efficiencies. This will blow the whole recession thing out of the water, globally! And I like that the name of the system is synthetic validity.