Dirty secret... Companies often post fake jobs that they never intend to fill. This makes it look like the company is hiring a lot and that positively impacts stock price
this post was submitted on 05 Feb 2024
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There are simpler reasons that I've observed internally. I've seen excellent resumés go completely ignored simply because the manager wants to wait forever for a unicorn with 10 years of highly specialized experience but is somehow magically just starting out.
Also make job postings just so they can whine to the government later about how they can't find workers.
My company also has job listings on its website that aren’t “real”. They have already been filled - months ago. HR is so dysfunctional it’s not on their priority list to take them down.
My managers get job applications all the time and sometimes forward them on to other departments that are hiring (because HR is taking too long to post new job listings)
I hate it here
In larger companies, they also do it when company policy requires them to advertise externally for positions even though the hiring manager already knows exactly which internal candidate he intends to promote to it.
No serious investor is dumb enough to be swayed by data that's easy to fake. Public companies are required to publish their financial reports every quarter.
Nortel basically cheated the stock market by buying any company they could to look succesful while publishing not so real numbers in their reports, which caused their stock price to explode for a few years. Investors only care about returns. They don't care if the company goes under after they've made their money
https://youtu.be/I6xwMIUPHss?si=sZ_3mLW5pVBqxk3i
Really good YouTube documentary on the rise and fall off Nortel.
Nortel was like old school AT&T, they got big by doing things properly with reliable, well-designed hardware/software and hiring lots of extremely talented people, and once the money reached a critical mass they started doing super shady shit and traded out all of the talent, passion and loyalty for more money until nothing but a husk was left, and it inevitably collapsed.
Greed consumes all.
Once the CEO started saying "what do we make here? Money!", it was over.
That's a far cry from investors just counting how many job listings the company has on Indeed without knowing if those positions are actually being filled, and if they're new positions or just replacing people that quit
A company I used to work for (digital advertising) would buy fake Facebook likes and followers and it seemed to work well for them with regards to getting a ton of investors. That is, until Facebook made changes that pretty much stopped all profit from the platform.
Very few investors are serious. Most are just random schmucks trying to save for retirement.
It also gives them the chance to scoop good candidates (highly skilled or willing to be underpaid).
It also gives them an idea of the quality of candidate available at that wage, potentially firing an existing employee to hire a similar one for less.
I was reading elsewhere that some companies who want to transition an H1-B worker to a permanent worker are required to post the position first. They never intend to hire anyone other than the experienced H1-B worker, so the ad stays up for a period of time until they can pretend that the H1-B worker is the only qualified candidate. I don’t know how true this is, but it sure sounds plausible.
There is a company in my area that has been "trying" to fill a role in my field for at least 6 years, non-stop. They spend money every month to put up a fake help wanted as on indeed.
What I saw the other day:
Lead software engineer - salary $25 an hour
That's why people don't want to work.
Salary is a scam to get people to work unpaid overtime and never really getting to clock off. It's effectively making an employee always on-call.
Honestly, I don't think it matters how much you get paid, if you are expected to work beyond 40 hours a week, you deserve extra compensation for doing so.
I'm salary and I never work more than 30 hrs a week.
Economists are paid zealous advocates for their clients not reporters of objective truth.
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