The rewards are all wrong in this market. (1) Most companies are bad at recruitment. It's just very far from whatever their core business is. (2) Since the va

The rewards are all wrong in this market. (1) Most companies are bad at recruitment. It's just very far from whatever their core business is. (2) Since the value of a better employee is huge companies are willing to pay for it. In most markets, when people are willing to pay for quality, firms are able to take that money and turn it into a higher quality product. If a market appears for $100k cars, car makers will spend that money making Ferraris. The value of that may be questionable given that 10k can do most of the stuff you'd be doing with the Ferrari but that's besides the point. The point is that the manufacturer found some way of spending your money on the product. The problem with recruiting is that they have no way of spending your money in any decent way. They can spend to get volume up, to a degree, but there isn't really of reliably spending your way into getting better candidates. Instead of doing something useful (to the employer or candidate), everything goes into a zero sum game of fighting each-other for openings and candidates.