Creating Effective Job Adverts
blog.honest.work
blog.honest.work
In most cases it is a waste of time for both sides. But I guess that companies have an advantage in the end by creating this opaqueness.
By its nature, any information that one party has, but the other does not, creates such an imbalance.
“Whoever mentions a number first, loses”
As the other negotiator knows the expected salary and can undermine it...
It's not as good as having them all at the same time, but it's better than nothing.
I feel withholding salary info is a premature optimisation of salary negotiation. You are not going to attract top talent and then snag them with a lowball offer.
A better rule of thumb for in-demand professionals (in my experience on both sides of the table) is to do your homework ahead of time, have a realistic understanding of what you're worth and what the company is likely able to offer, and name a price that's a little bit above that. You'll save a lot of time and weed out low-balling recruiters immediately without actually sacrificing much in the way of compensation.
https://resources.workpop.com/blog/publishing-compensation-m...
The contactee, by virtue of being in that position, has leverage to request a salary range as a concession for continuing the conversation.
https://s3.eu-west-2.amazonaws.com/honest.work/posts/effecti...
Part of me thinks this might be over generalizing from a small sample size, i.e., does honest.work get enough traffic that a lack of applicants is truly indicative of quality. Of course there is also the fact that by pricing by the job advert they naturally encourage overly-broad adverts for broadly similar jobs, so that's probably not helping.
The holy Grail of data science is solid math foundation, benefits your clients (more apps), benefits you (more revenue, higher satisfaction), and demonstrates your effectiveness with data and willingness to continually improve.