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Reply to "What does it cost your company to hire someone?"
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[quote=Anonymous][quote=Anonymous]My company doesn’t pay signing bonuses or relocation (at least for non-executive level positions), so it’s just whatever the prorated time for a recruiter, plus management time to do interviews. Plus the cost of a background check. So I don’t know what all that amounts to, but I’m guessing nowhere close to $25k. [/quote] I am not an executive but I do have 70k in un-vested stock if I quit plus I only have 60 days to exercise vested options which would cost me 10k out of pocket. So it is 80k on my side to join a company. Not only that but bonuses are prorated and most company’s have to join before 10-1 to even get prorated bonus. Plus companies often have 90 days probation. Without any sign on it needs to be a really big raise most people Let’s say I interview your company today start in May. If it does not work out I am out the door miss out in March 2024 bonus and if I land new job next bonus is March 2025. Plus I lost all my invested stock. To add to risk companies pay severance based on tenure buy quitting old job I put myself greater risk new job laid off. My company is cheap we focus laid or people at companies where stock has tanked in employee options and RSUs. But if we need someone really good who has a good job we have to pay. [/quote]
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