November 07, 2005
A Meatmarket Auction
Posted by Gordon Smith

I had dinner tonight with a group that included an economist, a sociologist, and several management professors, and someone raised the subject of faculty recruiting. One thing led to another, and I found myself proposing an auction for interview spots. How would that turn out?

The economist suggested that candidates would bid only at schools where they felt they had a reasonable chance of success, but the sociologist argued that schools would interview the most attractive candidates gratis, so the paid interview slots would be purchased by sub-standard candidates. A paid interview, therefore, might become a negative mark with independent meaning. I was interested in whether paid interviews could generate enough cash to pay the costs associated with sending a team of interviewers to the meatmarket.

Would you pay to interview?

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