FAANG companies offering industry leading compensation packages and prestige are in a position to be able to hold out for the best (even if their interviewing practices may fail to achieve that), but most companies are just looking for someone that checks the boxes and seems like a good fit.
Yes, sometimes things just don't work out. But, if someone quits a job and maybe relocates, that's a big personal cost. It's just the way things work in some limited contexts (e.g. professional sports) but it's not and shouldn't be the norm.
I suppose you can give a huge sign-on bonus with no claw-back provision, but that's never going to happen in most cases.
But, in many cases, I'm not sure how I, as a candidate for a tech job, would feel about a company offering me $200K--no strings attached--with the proviso that I statistically only had a 25% chance of making it through the next 6 months. (And is that really long enough anyway?)
There are tournament-style professions. But I'm not convinced most professional jobs are or should be among them in general.
yes. Best place i worked at - we hired only by internal references and only people from our University. Up until the company grew around 200 people. We didn't do technical interviews, just a short talk. And we were among top employers, including salary-wise.
(Update: technically I would guess they're only outsourcing the first few rounds. Presumably their customers will conduct further interviews.)
At this point in my career I no longer even believe that "best candidate" is a meaningful description except perhaps for highly specialized roles. We're all stumbling blindly in the dark.
You still interview with the end companies, but technical interviews aren’t given.