Is no one asking this..
If the role pays INR 8 LPA why do we even need 5 rounds and a take-home assignment?
Even better.. let me ask you this.. for what salary do you think 8 rounds and a take home assignment is justified?
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People who are severely underpaid for whom 8lpa (or any other lpa) is alot compared to their current salary.
You'll lose out on other good candidates who feel your salary is insufficient compared to the effort for your firm.
For any LPA it's fair, as long as there's competition.
And in India, there's always overwhelming competition.
Because one bad hire slows down and destroys the productivity of the entire team, irreparable damage. Pavel durov said that.
30-40 good engineers are enough to run a multi-billion dollar and scale to multi-billion users. So, itakes sense to quadruple check a candidate.