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>The optimal thing to do with those revenues would be to return them to successful applicants: Say, 4% of the 250,000 applicants get job offers and 60% of them
by endtime 16y ago
>The optimal thing to do with those revenues would be to return them to successful applicants: Say, 4% of the 250,000 applicants get job offers and 60% of them accept the job. Then they can get anywhere between $1041 and $4166 in "bonus bonus" (i.e. bonus on top of the sign-on bonus) to keep the program revenue-neutral.
Another idea would be to pay out the bonus to anyone who receives an offer, rather than just those who accept one. I think this addresses your second point, Noah, because if I think I have a good chance of getting an offer from Google then I might actually expect to profit for having applied.
- orijing 16y agoNot sure why you were downvoted for that because you bring up a good point (upvoted). The thing is, that would encourage people to apply for the sake of gaming the system--essentially wasting a lot of recruiting time even if they didn't want to get the job.
- xiongchiamiov 16y agoYou could just make it a refund, then.
- endtime 16y agoWell I think Google would quite like the opportunity to find and pitch qualified people. I'm sure they'd happily pay $500 for the opportunity to pitch directly a good candidate who just wanted the bonus on his way to a competitor or startup.
- famousactress 16y agoReminded me of this story about the company that gave iPads away to applicants: http://www.telegraph.co.uk/finance/businessclub/7770520/Red-Gate-Software-woos-geeks-with-free-iPads.html http://www.telegraph.co.uk/finance/businessclub/7770520/Red-...