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Another, simpler option: When you put a range of $100-120k, the very high quality candidate who won't accept an offer less than $150k doesn't apply. Or, put a

by mlyle 4y ago

Another, simpler option: When you put a range of $100-120k, the very high quality candidate who won't accept an offer less than $150k doesn't apply. Or, put another way: > It could simultaneously be true that including a good salary range increases the number of applicants who are good fits for the role, and also true that including a good salary range decreases the average quality of candidates. Part of "good fit" could be "willingness to accept compensation in range". If the job range says $10/hr, the average quality of applicants will go down because the MIT Ph.D.'s won't apply-- but you weren't going to hire them at $10/hr anyways.

JoshuaDavid 4y ago
Yes, that is definitely a possibility. My point was "the average quality of candidates goes down when you post a salary range" can be true even if the salary range is very good.
- mlyle 4y ago
  It's possible, but I don't know that we should rush to believe that's the case based on an anecdote of a single flawed experiment when there's simpler explanations. (Especially since it's only a problem if the higher pay motivates more bad applicants that are hard to distinguish from good applicants. If it encourages 100 people who have no relevant experience to apply, that brings the average down, but it doesn't increase the probability of making a bad hire.)
  - sokoloff 4y ago
    It does however increase the level of effort to find the wheat.
renlo 4y ago
I think parent understands your point, but, it's implied that the salaries were high, so your example doesn't fit. > Our salary offerings are very aggressive to the developer's benefit Your example covers the case of "mid-range salary", overqualified applicant doesn't want the job, but wasn't going to get hired anyways because overqualified. Parent's example covers "very high salary", underqualified applicant wants the job just because the number is high. Given the "salary offerings are very aggressive", then why would we be talking about a "mid-range salary" case.
- SauciestGNU 4y ago
  Not who you're asking, but I take "very aggressive to the developer's benefit" with a mountain of salt, because everytime I've come across someone saying that the eventual comp was extremely poor and they were either deliberately lying or completely out of touch with the labor market.
  - ev1 4y ago
    Every time I have a recruiter explicitly tell me that they are "top of market value comp" and keep reiterating it, I already know there's going to be no stock or bonus and the total comp is probably 1/5 of what I get now and "can't" do a signing bonus. I have not had one that doesn't meet this benchmark yet. The ones that actually pay top of market rate I reach out to, not the other way around.

by mlyle 4y ago

JoshuaDavid 4y ago

Yes, that is definitely a possibility. My point was "the average quality of candidates goes down when you post a salary range" can be true even if the salary range is very good.

mlyle 4y ago
It's possible, but I don't know that we should rush to believe that's the case based on an anecdote of a single flawed experiment when there's simpler explanations. (Especially since it's only a problem if the higher pay motivates more bad applicants that are hard to distinguish from good applicants. If it encourages 100 people who have no relevant experience to apply, that brings the average down, but it doesn't increase the probability of making a bad hire.)
- sokoloff 4y ago
  It does however increase the level of effort to find the wheat.

renlo 4y ago

I think parent understands your point, but, it's implied that the salaries were high, so your example doesn't fit. > Our salary offerings are very aggressive to the developer's benefit Your example covers the case of "mid-range salary", overqualified applicant doesn't want the job, but wasn't going to get hired anyways because overqualified. Parent's example covers "very high salary", underqualified applicant wants the job just because the number is high. Given the "salary offerings are very aggressive", then why would we be talking about a "mid-range salary" case.

SauciestGNU 4y ago
Not who you're asking, but I take "very aggressive to the developer's benefit" with a mountain of salt, because everytime I've come across someone saying that the eventual comp was extremely poor and they were either deliberately lying or completely out of touch with the labor market.
- ev1 4y ago
  Every time I have a recruiter explicitly tell me that they are "top of market value comp" and keep reiterating it, I already know there's going to be no stock or bonus and the total comp is probably 1/5 of what I get now and "can't" do a signing bonus. I have not had one that doesn't meet this benchmark yet. The ones that actually pay top of market rate I reach out to, not the other way around.