https://en.wikipedia.org/wiki/Secretary_problem

Related issue

Not really because it works if candidates are trustworthy and you can evaluate the candidate without "hidden issues".

Once you get all those applicants are good on the paper there might be one trustworthy, there might be one that if hired makes everything worse even though looked good on paper that's just not useful stopping algorithm.

The applicants, if all seen together, can be ranked from best to worst unambiguously.