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Why is there not a movement within companies to stop spending so much on mass recruiting and interviewing? Doesnt it cost them thousands of dollars per candidat
by pkdpic 3y ago
Why is there not a movement within companies to stop spending so much on mass recruiting and interviewing? Doesnt it cost them thousands of dollars per candidate if they go through multiple rounds?
- throwaway2729 3y agoAs per my CEO, it's ok to do endless interviews to find that one good candidate. It doesn't make sense to me but hey it's not my money. One of our engineering managers was complaining that they had to do 80 interviews to hire one candidate. Colossal waste of time and money. No wonder these companies are still not profitable.
- darth_avocado 3y agoAnd that candidate leaves as soon as they find a better paying job.
- throwaway2729 3y agoIn 2+ years, I've done 331 interviews to hire in single digits.
- cinntaile 3y agoMaybe you should buy a copy of this book [0] and subtly display it on your desk. Then hope he shows an interest to read it so you can gift it to him. [0] https://algorithmstoliveby.com/ https://algorithmstoliveby.com/
- andersa 3y agoIt could be your money. Money wasted doing this can't go towards your wage.
- fasthands9 3y agonot my expertise but a few thousand dollars seems like a pretty minor cost if you are going to end up paying them 75k a year plus benefits. the amount they spend on training will also be a few thousand. if it cost them a few thousand dollars to expand pool so they hire someone 20% better then that seems worth it.
- dboreham 3y agoIt's the Dastardly doctrine[1] [1] https://youtu.be/6rq0RXRnWJU?t=7 https://youtu.be/6rq0RXRnWJU?t=7
- zeroxp 3y agoThe idea is that bringing on a wrong candidate will cause more damage than missing a right one. There's definitely a balance to strike, some companies would rather bring on everyone and find out who sinks and who swims, others hate firing and will do virtually anything to avoid hiring someone who needs to be let go.
- blitzar 3y agoMy company paid a bounty on referals, something on the order of $5k ... which is a fraction of what a head hunter would get. Referred employees outperformed non-referred.
- yobbo 3y ago> Doesnt it cost them thousands of dollars Not in cash terms. The recruiters/interviewers' salaries are "sunk costs" anyway.