Salary auctions - what are pros and cons?





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I don't remember the book from which I've got this example. Here is the rough gist of it.




Long time ago, a man was reselling cars and making a big profit from it.



He was gathering several potential buyers together with some shifts in timings, so the last candidate might come later than others, but the general idea stayed the same - he was organizing small auctions.



The situation differed drastically from the case with one buyer - instead of considering the purchase, the possibility of the purchase being made was nearing 100%.



People were competing for the right to obtain the car, even though it wasn't an ideal car. The final price was considerably bigger than the expected price with one buyer.




There are other examples of people losing themselves during the auction, betting too much, and it's widely known by the auction organizers.



With this information at hand, I thought




What if I do the auction about my salary?



For example, I get several offers, then set the meeting date for all of them on the specific site which I will create for this, and then they have an auction.




Even though I'm not yet on the level of receiving or obtaining several offers quickly, this thought is bothering me for quite some time - many good and not-so-good scenarios go through your mind if you think about it long enough.



In order to not prime you, I will skip the pros and cons that I thought about.

Besides, my ruminations are not based on the extensive knowledge of hiring process in the IT sector.



The things that I'd like to clarify:

1. I mostly care about money and I optimize at least next 15 years of my life solely to gather money.

I have strong reasons for that.

2. Based on the stats, I am not going to be some kind of top-tier person like people one level lower than LeCun or Jeff Dean.



If possible, I'd like to see the answers from people with knowledge in hiring or from those who tried something similar.









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    up vote
    -1
    down vote

    favorite












    I don't remember the book from which I've got this example. Here is the rough gist of it.




    Long time ago, a man was reselling cars and making a big profit from it.



    He was gathering several potential buyers together with some shifts in timings, so the last candidate might come later than others, but the general idea stayed the same - he was organizing small auctions.



    The situation differed drastically from the case with one buyer - instead of considering the purchase, the possibility of the purchase being made was nearing 100%.



    People were competing for the right to obtain the car, even though it wasn't an ideal car. The final price was considerably bigger than the expected price with one buyer.




    There are other examples of people losing themselves during the auction, betting too much, and it's widely known by the auction organizers.



    With this information at hand, I thought




    What if I do the auction about my salary?



    For example, I get several offers, then set the meeting date for all of them on the specific site which I will create for this, and then they have an auction.




    Even though I'm not yet on the level of receiving or obtaining several offers quickly, this thought is bothering me for quite some time - many good and not-so-good scenarios go through your mind if you think about it long enough.



    In order to not prime you, I will skip the pros and cons that I thought about.

    Besides, my ruminations are not based on the extensive knowledge of hiring process in the IT sector.



    The things that I'd like to clarify:

    1. I mostly care about money and I optimize at least next 15 years of my life solely to gather money.

    I have strong reasons for that.

    2. Based on the stats, I am not going to be some kind of top-tier person like people one level lower than LeCun or Jeff Dean.



    If possible, I'd like to see the answers from people with knowledge in hiring or from those who tried something similar.









    share







    New contributor




    Ramid is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
    Check out our Code of Conduct.






















      up vote
      -1
      down vote

      favorite









      up vote
      -1
      down vote

      favorite











      I don't remember the book from which I've got this example. Here is the rough gist of it.




      Long time ago, a man was reselling cars and making a big profit from it.



      He was gathering several potential buyers together with some shifts in timings, so the last candidate might come later than others, but the general idea stayed the same - he was organizing small auctions.



      The situation differed drastically from the case with one buyer - instead of considering the purchase, the possibility of the purchase being made was nearing 100%.



      People were competing for the right to obtain the car, even though it wasn't an ideal car. The final price was considerably bigger than the expected price with one buyer.




      There are other examples of people losing themselves during the auction, betting too much, and it's widely known by the auction organizers.



      With this information at hand, I thought




      What if I do the auction about my salary?



      For example, I get several offers, then set the meeting date for all of them on the specific site which I will create for this, and then they have an auction.




      Even though I'm not yet on the level of receiving or obtaining several offers quickly, this thought is bothering me for quite some time - many good and not-so-good scenarios go through your mind if you think about it long enough.



      In order to not prime you, I will skip the pros and cons that I thought about.

      Besides, my ruminations are not based on the extensive knowledge of hiring process in the IT sector.



      The things that I'd like to clarify:

      1. I mostly care about money and I optimize at least next 15 years of my life solely to gather money.

      I have strong reasons for that.

      2. Based on the stats, I am not going to be some kind of top-tier person like people one level lower than LeCun or Jeff Dean.



      If possible, I'd like to see the answers from people with knowledge in hiring or from those who tried something similar.









      share







      New contributor




      Ramid is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.











      I don't remember the book from which I've got this example. Here is the rough gist of it.




      Long time ago, a man was reselling cars and making a big profit from it.



      He was gathering several potential buyers together with some shifts in timings, so the last candidate might come later than others, but the general idea stayed the same - he was organizing small auctions.



      The situation differed drastically from the case with one buyer - instead of considering the purchase, the possibility of the purchase being made was nearing 100%.



      People were competing for the right to obtain the car, even though it wasn't an ideal car. The final price was considerably bigger than the expected price with one buyer.




      There are other examples of people losing themselves during the auction, betting too much, and it's widely known by the auction organizers.



      With this information at hand, I thought




      What if I do the auction about my salary?



      For example, I get several offers, then set the meeting date for all of them on the specific site which I will create for this, and then they have an auction.




      Even though I'm not yet on the level of receiving or obtaining several offers quickly, this thought is bothering me for quite some time - many good and not-so-good scenarios go through your mind if you think about it long enough.



      In order to not prime you, I will skip the pros and cons that I thought about.

      Besides, my ruminations are not based on the extensive knowledge of hiring process in the IT sector.



      The things that I'd like to clarify:

      1. I mostly care about money and I optimize at least next 15 years of my life solely to gather money.

      I have strong reasons for that.

      2. Based on the stats, I am not going to be some kind of top-tier person like people one level lower than LeCun or Jeff Dean.



      If possible, I'd like to see the answers from people with knowledge in hiring or from those who tried something similar.







      salary hiring





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      Ramid is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
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      Check out our Code of Conduct.








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      Ramid is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.






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      Check out our Code of Conduct.



























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