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If, given you are at the beginning of the "do onsite interview loop" stage, you have a 30% chance of getting an offer, you will need to do NINE of those to have a 95% chance of having gotten >= 1 offer.

So yeah that is kind of a bad deal assuming you already have a full-time job and/or family/kids. I guess if you're single and unemployed then it's not so bad, aside from the fact that being unemployed greatly cuts your bargaining power?

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As a whole unemployed cuts your bargaining power, it's natural to say "why should I leave my job" as a counterpoint. The flipside game is if you can arrange multiple offers at once (i.e. a high value candidate) while unemployed, it's a fantastic feeling. Then it's more like an auction, and auctions can get irrational. Turnabout is fair play and all that

You are probably more likely to get hired if you are already employed (at least that’s been my experience)

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