How replaceable are the top candidates in large hiring rounds? Why the answer flips depending on the distribution of applicant ability
As more and more people apply for a job, the value of each extra application goes down. But does it go down quickly, or only very gradually?
This question matters, because for many of the jobs we discuss, lots of people apply and the application process is highly competitive. When this happens, some of our readers have the sense that, if a lot of people are already applying for a job, there’s no point in them applying as well. After all, there must be someone else suitable in the applicant pool already — someone who would do a similarly good job, even if you were to turn down an offer. So, the logic goes, if you take the job, you’re fully ‘replaceable’, and therefore not having much social impact.
By contrast, 80,000 Hours and many of the organisations we help with hiring often feel differently, saying:
- Even when many people would be interested in taking a job, the difference between the best and the second best applicant is often large. So losing your best option would still be really costly.
- Even when you have a large applicant pool, it’s useful to keep hearing about more potential hires, in the hope of finding someone who’ll be significantly more productive than everyone you’re currently aware of.
Which of these positions is correct? I threw together some simple models in an Excel spreadsheet to explore this disagreement.
In short,

















