Task for $500. Part two, about the money

previous post (tl;dr method of searching for employees through contests with cash prizes on the Internet, and not according to the classical scheme "CV, HR, job,") the first comment began a discussion of the profitability approach namely, is it too expensive those workers will cost. I will try to answer this question and tell you what happened.

Let me remind you briefly of the General situation:

the

the
• is Everyone invited task in the C language;
the
• the Programmer who sent a good decision the first time, gets $500, without any obligation;
the
• From the second or more times – $250;
the
• Employment (including remote work) is proposed in the presence of a mutual sympathy;

No summary, "cold" mailings through LinkedIn, etc. garbage.

In August last year signified an event to search for employees has become an international (to follow only the residents of one very small country).

Results for the six months

Prize stats: 14 people sent a good solution, another four received referral payments (referral system only works via mail), only 18 × $250 = $4500

As a result, the work was taken four programmer. Many children, cooperation was refused because I did not need to work. This partly confirms the effectiveness of the method: I found a good working programmers. (And how to Woo them from Google and other Microsoft – even in the accounting Department scratching their head now.)

At least one prize-winner was seen in the (conditional) cheating – sent a good compilation of replies from the forum Stack Overflow. However, the prize he received, all to be honest.

total assets:

the

the
• Firm found several qualified professionals;
the
• without making the usual "recruitment" ceremonies, in particular, without reading kiloton summary and not communicating each and every one;
the
• Also, the company is a contacts for the future – applicants who almost came.

is this Good or bad?

To assess the costs, amounting in six months to $4500, compared to "traditional" search services staff (employment agencies). On the territory of the former USSR managed to communicate on this subject; the sample may not be representative">Agency want for their services compensation in the amount of 1-3 salary of a potential employee (you can guess what happens on average more than $4500 per person).

It turns out that to give the programmers the money is not only nice (to give gifts generally cool), but also profitable. The method is considered effective.

Most importantly

The event continues, and wanting to be in the middle of the boring or interesting work, there is every reason to do it.

And I'll try to answer your questions Shuttle way, reminding them of the management company and Vice versa.

Article based on information from habrahabr.ru