> It's about valuing people's time and paying them for their time.

Those are two separate things. I think once can do the first without doing the second.

> no idea what that even means

I used to work for financial traders. Some people tend to treat everything as a commodity. That's not the kind of culture I want to work in.

> I'm happy to report we've never let any "goofs" in through the process! But it might actually make us a little too selective.

That's a real risk. For me a lot of the best hiring value comes from talking with people who don't fit the profile of a perfect employee. Some of the best people I've worked with are terrible interviewers, for example.