A girl in my neighborhood has been searching for job since quite some time. She frequently updates me about the interviews attended. Many a times I've heard from her that she was not considered eligible for interview. Reason- She was falling short of number of years of experience in the particular technology she applied for.
Just to apply some filter at events like walk-in, I agree that having some criteria is a must. But otherwise I often feel that company should not be stringent about the number of years of experience in a technology. Suppose a candidate has prior experience in X technology and does not fit in experience criterion for currently applied Y technology. It indirectly means that the candidate's prior experience is waste. Is it really waste, useless? Not actually. While working earlier, the candidate has got familiar to so many things- processes/methodologies followed, team work (this is the most important one I feel!). Leave aside technology. Look at the corporate learning and adopting it. Not everyone adopts, true. But then those who did, should not get rejected merely because of some 'number'!
Looking at the fact that we are in a city where every third person is an IT professional, companies have got ample choice to select a candidate. Companies can keep interviewing till they get a perfect match for their requirements. Why should then one compromise for experience? It is also very likely that a person fitting in the experience criterion will meet the performance expectations. There might arise a tight situation where if a company does not hire required number of candidates in a short period of time, company might lose a client. In that case candidates might be hired who are not actually the right match for project/team/company.
But yeah, if I were to hire a person for my team, I'd have looked for a candidate no less than my set criteria :) At the same time I'd not want to miss hiring a bright person just because of shortage of experience! Anyway, there is no foolproof approach of selecting a candidate. After all, good judgment comes from experience and experience comes from bad judgment!! Agree??