[college] G.P.A.s are worthless as a criteria for hiring, and test scores are worthless — no correlation at all except for brand-new college grads, where there’s a slight correlation.

Quotation of the day | AEIdeas:
"…. is from Lazlo Bock, Senior Vice President of People Operations at Google, in an interview that appeared in the New York Times on June 19, 2013:

One of the things we’ve seen from all our data crunching is that [college] G.P.A.s are worthless as a criteria for hiring, and test scores are worthless — no correlation at all except for brand-new college grads, where there’s a slight correlation.
Google famously used to ask everyone for a transcript and G.P.A.s and test scores, but we don’t anymore, unless you’re just a few years out of school.
We found that they don’t predict anything.

What’s interesting is the proportion of people without any college education at Google has increased over time as well. 
So we have teams where you have 14% of the team made up of people who’ve never gone to college."