How many years of experience to ask for?

It costs more than it gets back

It costs $27,563 a month and gets back $5,625: $21,938 a month worse off.

• Of the 116.3 applicants it screens out each month, 78.8 are applicants who could do the job: 67.7% of everyone screened out.
• Still getting through: 37.5 of the 75 applicants who could not.

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

Every formula is written out on the formulas page.

What the calculator asks you

• How many steps, and how many people arrive
• What each wanted person is worth, and the share each step turns away
• The share it is meant to stop, what each costs, and the share each step stops
• What a step costs the people going through it
• Any fee paid by those who get through

Related

• How many interview rounds?Worked example
• Should the role require a degree?Worked example
• How long should the application be?Worked example
• A take-home assignmentWorked example
• A general aptitude testWorked example
• A work-sample testWorked example
• The cost of barriersThe calculator this example comes from
• Before you decideA checklist of what is worth checking first