Re:What It Takes to Hire 10 Employees in San Francisco
by robocat on Wednesday August 14, 2019 @04:29PM
(#20699605)
Wierdly he mentions an extra $2000 in the article: "Two of our engineers were good friends of the existing engineers, and we give a $1000 bonus to employees who refer people that are hired.". And "Got coffee, drinks, and meals with friends that we know are strong engineers". Drinks and meals are surely quite expensive too.
But as implied, time and opportunity cost is what really matters, the dollars are minimal in comparison.
When founding our company, actual costs were low. Opportunity cost was large (not earning our existing salaries). Now the business is good and salaries vastly outweigh all other expenses (and we are in a low tech town, unlike SF).
"We’ve spent less than $1000 on hiring, but I’ve had coffees or breakfasts with probably hundreds of candidates. Measured by hours, recruiting is one of our largest investments"
You quoted that extremely disingenuously.