5 ms·

$50m in job offers last 6 months at $130,000 average salary, with 70% of job offers being accepted/signed = 267 people got hired in the past 180 days after comp

$50m in job offers last 6 months at $130,000 average salary, with 70% of job offers being accepted/signed = 267 people got hired in the past 180 days after completing roughly 30,000 interviews (based on the 5000/month quoted in the article). That means the chances of being hired after doing a TripleByte interview is slightly under 1% if my back of the napkin calculation is accurate.

tudelo 9y ago
Only 267 people in 180 days? Sounds low. I guess it might not be based on the number of interviews as I am not sure how selective the hiring companies are being.
- mrnobody_67 9y ago
  You can play with the offer acceptance rate (65-75%) and the average salary (maybe $140K/year?), but I'm guessing it's very accurate estimate.
- stale2002 9y ago
  Now multiply that 267 people hired by the average headhunting fee of 20 thousand dollars and tell me that this is "low".
Harj 9y ago
The 5,000 a month number is total engineers who completed the coding quiz. Only a small % of those move forward to our interview.
- treis 9y ago
  Are they abandoning the process or being rejected based on the quiz?
  - Harj 9y ago
    The latter.
    - dsacco 9y ago
      Thanks for the transparency. So for the sake of clarity, it sounds like ~40% of engineers who pass the initial quiz ultimately go on to be hired?
      - tomtheelder 9y ago
        Also there is no guarantee that an engineer who passes the interview will end up getting a job through the platform (speaking from experience). I'd guess a very large portion of that 40% just end up getting a job the old fashioned way.
        dikaiosune 9y ago
        AFAIK when most recruiters talk about placement rate, they're not talking about "engineers who we worked with who happened to get jobs," they're talking about "engineers who we placed and received payment for the placement." While Triplebyte hasn't explicitly stated that distinction here, I think a good faith reading of that phrase would suggest that the 40% is actually people who are getting jobs through Triplebyte.
      - cgag 9y ago
        Things may have changed but when I did it I think ~2 years ago the projects and in person bit were much harder than the initial quiz, I'd expect the drop off to be higher. Edit: I admit didn't pass the in person part and I have some issues with things I think were held against me when it was more confusion about what they were looking for, but overall I thought it was a great process and have recommended it to people.
  - dizzystar 9y ago
    I abandoned the process. I took the backend test expecting programming and SQL, but it was hard-core DevOps and SysAdmin. Had nothing to do with programming a backend system. I know a little about working with command line and admin, but using tools to orchestrate 100 servers isn't something I know about. My impression is that it's built with a very high failure rate built-in, targeting people who have a very specific and easy-hire background. I'm not really sure if someone of this talent level would really need Triplebyte.
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tudelo 9y ago

Only 267 people in 180 days? Sounds low. I guess it might not be based on the number of interviews as I am not sure how selective the hiring companies are being.

mrnobody_67 9y ago
You can play with the offer acceptance rate (65-75%) and the average salary (maybe $140K/year?), but I'm guessing it's very accurate estimate.
stale2002 9y ago
Now multiply that 267 people hired by the average headhunting fee of 20 thousand dollars and tell me that this is "low".

Harj 9y ago

The 5,000 a month number is total engineers who completed the coding quiz. Only a small % of those move forward to our interview.

treis 9y ago
Are they abandoning the process or being rejected based on the quiz?
- Harj 9y ago
  The latter.
  - dsacco 9y ago
    Thanks for the transparency. So for the sake of clarity, it sounds like ~40% of engineers who pass the initial quiz ultimately go on to be hired?
    - tomtheelder 9y ago
      Also there is no guarantee that an engineer who passes the interview will end up getting a job through the platform (speaking from experience). I'd guess a very large portion of that 40% just end up getting a job the old fashioned way.
      - dikaiosune 9y ago
        AFAIK when most recruiters talk about placement rate, they're not talking about "engineers who we worked with who happened to get jobs," they're talking about "engineers who we placed and received payment for the placement." While Triplebyte hasn't explicitly stated that distinction here, I think a good faith reading of that phrase would suggest that the 40% is actually people who are getting jobs through Triplebyte.
    - cgag 9y ago
      Things may have changed but when I did it I think ~2 years ago the projects and in person bit were much harder than the initial quiz, I'd expect the drop off to be higher. Edit: I admit didn't pass the in person part and I have some issues with things I think were held against me when it was more confusion about what they were looking for, but overall I thought it was a great process and have recommended it to people.
- dizzystar 9y ago
  I abandoned the process. I took the backend test expecting programming and SQL, but it was hard-core DevOps and SysAdmin. Had nothing to do with programming a backend system. I know a little about working with command line and admin, but using tools to orchestrate 100 servers isn't something I know about. My impression is that it's built with a very high failure rate built-in, targeting people who have a very specific and easy-hire background. I'm not really sure if someone of this talent level would really need Triplebyte.

deleted 9y ago

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