You might reasonably dig a little deeper and ask how they know theirs are the best. Only two of their possible answers make any sense:
- They have a rigorous screening and hiring process.
- They pay top dollar for the top talent.
Any other answer is merely hand-waving and not serious. But, really, how effective are even these two reasons?
Most of the companies I've run into that use the" selective hiring" argument didn't seem that selective. In fact their hiring process ran pretty much like everyone else's: cull through piles of resumes looking for key words, then bring candidates in for interviews with three or for employees. If everyone's doing it, it can't be special. This argument really claims that they, the interviewees, are master talent scouts, asking penetrating interview questions, but does that claim have any basis?
That leaves the dollar strategy. The best-known adherents of this philosophy are... Enron and Wall Street. Enron is of course out of business. Wall Street would have been out of business if not for a giant government bailout.
If you're a manager and you give me the "best people" line, I'll seriously wonder how great the company could be.