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We Don't Have a Talent Shortage. We Have a Sucker Shortage

resumeskills.us

61–70 of 810 posts

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#61
When I was hiring developers, I wrote the job role hoping for the perfect rock star candidate.

"Must have experience with the Home Depot vendor system"

I mean, what if someone fulfilled all my "musts"?!? That'd be the perfect person.

But you hardly ever find rock stars. And so you hire the best person who doesn't have all the required skills. Don't let job requirements stop you from applying. And don't think that I'm being unrealistic for asking for what I probably won't get.

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#62
post #40

As an employee, it is valuable to me that my company will not hire someone who doesn't think our business does something important ("get over yourselves, you're not curing cancer"), or who thinks the right way to ask business decision questions is to ask if "you're morons", or who has a problem with the company asking very basic probing questions, such as confirming you've thought through the challenge of changing fr…

> it is valuable to me that my company will not hire someone who doesn't think our business does something important

Is it not possible to identify those people without paying them less to prove it?

I'm not really sure what you're getting at here otherwise I would think if someone is a perfect fit with the org and the org isn't willing to compensate that person accordingly then all you're doing is picking up suckers who may not even be worth the reduced pay rate. A good engineer knows what they are worth.

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#63

I had a recruiter call me a year ago with what sounded like a really amazing offer. Working for a well funded startup on a problem in which I happen to be a domain expert. They're aren't many expects in my field with my background and skill set and they said the right things to get me to interview (compensation won't be a concern). Anyway... Went in for 4-5 interviews. Took me about 10 hours in total to interview wit…

There was a similar discussion 2 years ago (article https://www.shellypalmer.com/2017/04/id-pay-500000-year-cant... comments https://news.ycombinator.com/item?id=14246760)

The ultimate problem is that people want "unicorns for peanuts". Google, Facebook and a few other large tech companies have hired most of the top of the labor market, the "ferraris" in your analogy. Most companies want the ferrari but can't afford the price when others are willing to pay much much more.

The only way to really balance the market is for more of the talented engineers to start their own companies (reducing labor supply and possibly increasing demand). Arguably the proliferation of one-person or small bootstrapped startups is a reflection of the state of the labor market.

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#64
post #42

Earlier quoted context omitted.

If no equity was available, but profit sharing was? i.e if you brought in X million you get a % of that. Would you have taken the position? I'm starting a company, but want to retain 100% ownership. I don't want to give equity as I don't want to lose control. Been there, done that. I'd much rather go down the road of profit sharing based on the results.

Personally I'd see that as much more attractive for any not already pretty much 'made it' startup. It's a nearer term reward, and a more direct incentive (not just because it's nearer, but because `profit => reward` vs. `profit => ceteris paribus 'worth more' => might IPO/sell => reward`).

How many new companies are profitable, and if they are, why would you want to work for a new company that isn't plowing all of its profits back into research, product development, and growth?

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#65

I had a recruiter call me a year ago with what sounded like a really amazing offer. Working for a well funded startup on a problem in which I happen to be a domain expert. They're aren't many expects in my field with my background and skill set and they said the right things to get me to interview (compensation won't be a concern). Anyway... Went in for 4-5 interviews. Took me about 10 hours in total to interview wit…

I find it strange, as software developers, that we discuss the effects on automation all the time, but no one seems to understand that automation has made searching for new employees incredibly inexpensive and efficient compared to the past. So in technical roles there are a lot of companies that are always hiring. Recruiters work for free until they find you someone and placing job listings online is so inexpensive…

> Anyway... Went in for 4-5 interviews. Took me about 10 hours in total to interview with them.

The experience of the poster you are responding to doesn't seem to align with the situation you are describing. Sure posting an online job ad is pretty cheap. The rest of the hiring process, not so much.

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#66

One of the things that always surprised me at a previous company was seeing the H1B hiring notices posted for easily-trainable positions. I have nothing against people coming to work in the United States, but I thought those visas were specifically for roles where the skills weren’t available. In this case, by making the skills super specific, like that Home Depot sales portal in this article, they made them rare.

When filing an H-1B, the employer only has to promise that the hiring won't have an adverse effect on employees already employed at the firm, NOT that they made a good faith effort to hire anyone locally, much less train someone into it.

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#67

I had a recruiter call me a year ago with what sounded like a really amazing offer. Working for a well funded startup on a problem in which I happen to be a domain expert. They're aren't many expects in my field with my background and skill set and they said the right things to get me to interview (compensation won't be a concern). Anyway... Went in for 4-5 interviews. Took me about 10 hours in total to interview wit…

I find it strange, as software developers, that we discuss the effects on automation all the time, but no one seems to understand that automation has made searching for new employees incredibly inexpensive and efficient compared to the past. So in technical roles there are a lot of companies that are always hiring. Recruiters work for free until they find you someone and placing job listings online is so inexpensive…

Interviews take 2-3 man days from a company per candidate you end up doing a full onsight interview. That is on the order of $1000’s per interview, and you generally have to do several per role. Then for high demand roles even the best will take several months to ramp up which costs a large fraction, say 25-50% of their total compensation. So replacing a dev can cost you in total $100k+ at least.

That is not really cheap, I am sure technology has helped reduce the amount of man administrative man hours, and helped fill a pipeline, but you still need to train new hires and actually interview them, which is no cheap.

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#68
post #40

As an employee, it is valuable to me that my company will not hire someone who doesn't think our business does something important ("get over yourselves, you're not curing cancer"), or who thinks the right way to ask business decision questions is to ask if "you're morons", or who has a problem with the company asking very basic probing questions, such as confirming you've thought through the challenge of changing fr…

Well, I believe there is a surplus of companies who think they are doing something important. Can you imagine answering "Why do you want to work here" if you apply to a company like Marlboro? Sometimes requiring people to believe in what your company is doing is not that important because the majority of startups just aren't that interesting. Accept that people work for money, not because they believe in your company…

That's why working in finance is nice. "I want to make money" is believing in the company.

Re: We Don't Have a Talent Shortage. We Have a Sucker Shortage

#69
post #40

As an employee, it is valuable to me that my company will not hire someone who doesn't think our business does something important ("get over yourselves, you're not curing cancer"), or who thinks the right way to ask business decision questions is to ask if "you're morons", or who has a problem with the company asking very basic probing questions, such as confirming you've thought through the challenge of changing fr…

Very few businesses actually matter, despite your opinion of the business. If your argument is you only want to work with other suckers (who “care” about the business over comp and tangible compensation), I suppose that’s an opinion that could be held. Is that a rational opinion to hold? I don’t come to work because I care about your business, I care because you pay me. I’d like to work with others who have the same…

Successful businesses support the livelihoods of all of the families that depend on that business's continued success, including employees and clients. All such businesses matter very much to those people, regardless of their industry.
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