Assume I hire you as a manager in my organization and give you a hiring budget of $200k. You could decide that you want to hire 5 new college grads at $40k per year or 2 senior candidates at $100k each. Now assume that I tell you the minimum salary for any of your hires is $100k. My question to you:
What would be your incentive to hire two college grads you'll need to invest in training versus candidates with years of experience and skills?
