Worked examples / Hiring: how many steps, and which ones
Five interview rounds a week apart for a role paying about $104,000. Eight candidates start and half go on each time. The question is which round stops adding more than it costs.

Stopping after round 3 would leave you $3,298 better off.
This is a worked example with illustrative figures, not data about any real person or company. Change any of them in the calculator and the answer changes with them.
How this answer was worked out| Round 1 | costs $6,700, gets back $12,000: +$5,300 |
| Round 2 | costs $5,150, gets back $7,200: +$2,050 |
| Round 3 | costs $4,295, gets back $4,320: +$25 |
| Round 4 | costs $3,796, gets back $2,592: -$1,204 |
| Round 5 | costs $3,650, gets back $1,555: -$2,095 |
Every formula is written out on the formulas page.
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