But regardless, going through an extensive vetting process is an illusion. It has extraordinarily little correlation with actual work fit or productivity, but the more "rigorous" the process, the more likely you are to stick with a poor fit.
[1] - low performers will hang around forever. The fundamental of the hire slow/fire slow reality is that eventually every organization is 80% dead weight. If you want to avoid onboarding costs (versus dealing with the issues that make onboarding expensive, which is almost always institutional liabilities), hire the worst candidates and they'll be with you forever.