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1% acceptance rate of new hires — they have to compensate those they hire for making it through the gauntlet, because if the process works, they’ve just hired t
by gigatexal 7y ago
1% acceptance rate of new hires — they have to compensate those they hire for making it through the gauntlet, because if the process works, they’ve just hired the best of the best and the best of the best would qualify for some ridiculous salaries given their likely high opportunity costs (one would think a duo or trio of Google engineers would make for a compelling startup team potentially worth millions so paying high figure salaries as guaranteed income could be a good compromise).
- goatinaboat 7y ago1% acceptance rate of new hires — they have to compensate those they hire for making it through the gauntlet But there are loads of companies, universities, whatever making that claim. If you get 100 applicants and 90 are just spamming their resumes everywhere or are recruiters doing it, 9 go elsewhere or stay put for whatever reason, and you get 1 then you get that 1% but it doesn’t really mean anything.
- rmah 7y agoMost companies may say "we hire the best", but what they really mean is "we hire the best we can get".