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This isn’t right. The cost of finding an employee at my current company (which Is considered an excellent company in the games industry) is near $70k.

The reality is outside of very early resume screening very little of the process is automated. Recruiting spends most of their day contacting people on sites like linked-in trying to find talent as not nearly enough shows up at our door.

My colleagues at FAANG companies tell me similar stories.

The cost of replacing an existing employee is also very high. In most domains can’t just plug that cheaper developer in, they need training and expertise building.

Outside of some very simple domains I don’t think your hypothesis holds up.

And yet, despite all the difficulties, most job ads just look more or less the same- 3 pages of tech requirements, a ton of self praise about the company and 3 lines about what successful applicant would get: bean bag in the corner, Foosball and a spot in an open space office...

I think the talent is intent on showing up. They’re just absolutely atrocious at detecting it even when it is right in front of them.

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