Referral-only hiring is stupid. But it is particularly stupid for senior roles.
The more senior the role, the fewer the candidates, and thus the less it makes sense to restrict the pipeline. Last week, a friend posted on LinkedIn about a role: $1.5m-$2.3m comp (base + equity), only hiring via referral. As someone who has publicly pledged never to accept more than $1m a year in comp, […]
