Question
You are the HR manager of a company, and you have made a Linkedin job posting. The job offer is for 1 year, $200,000 salary
You are the HR manager of a company, and you have made a Linkedin job posting. The job offer is for 1 year, $200,000 salary for a salesperson. You have looked at the applicants' CVs and conducted a first round of one-on-one interviews via Skype, and narrowed down your pool to 6 candidates. Looking at stats from your past hiring, you believe thatof the candidates can raise revenues by,of the candidates can raise revenues by,of the candidates can raise revenues by. You have the option of organizing a 2 days' visit for each candidate to your headquarters. You quickly realize that the cost of each visit would be quite high: between hotel, flights, meals, and most importantly the time spent to organize and conduct the visit, you estimate a cost of $15,000 per visit. The benefit is that - from the visit - you would be able to screen out the half of the candidates that would lead to onlyin increased sales.
Should you organize the headquarter visit, assuming that you are risk-neutral?
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