Right, but cheaping out on the foundation of your building has consequences -- which have come home to roost orders of magnitude in excess of the money saved.
In R&D management, this is an extremely well-known problem with an extremely well-known solution: use the oversupply to be selective rather than cheap. The fact that they chose to be cheap rather than selective is managerial incompetence of the highest order. They had one job, and they blew it. "Selective" doesn't even mean that the rating system has to be perfect or even good, it just has to equilibrate supply and demand without shredding morale. Even a lottery would suffice for this purpose.
In R&D management, this is an extremely well-known problem with an extremely well-known solution: use the oversupply to be selective rather than cheap. The fact that they chose to be cheap rather than selective is managerial incompetence of the highest order. They had one job, and they blew it. "Selective" doesn't even mean that the rating system has to be perfect or even good, it just has to equilibrate supply and demand without shredding morale. Even a lottery would suffice for this purpose.