Kind of. Long, convoluted interview processes are expensive in the opportunity cost of not having the role filled and in the actual work that needs to happen to

Kind of. Long, convoluted interview processes are expensive in the opportunity cost of not having the role filled and in the actual work that needs to happen to conduct the interviews. That gets weight against the (presumed large) cost of a bad hire, but hiring is expensive, and practices that slow it down across the board to reduce a few bad hires might not be worth it.