But it's an indication of the companies value of an employees time, in that it's one sided. If they're paying an existing employee to babysit me, that's a cost

But it's an indication of the companies value of an employees time, in that it's one sided. If they're paying an existing employee to babysit me, that's a cost to them that demonstrates at least some expended effort. I'd consider this to be pretty important for a salaried position.