Applicant Equation
Coined by Aron VeraartFrom: The Applicant Equation: The Math Every Candidate Does Before Applying
Definition
The math every candidate does before applying: (Dream Job × Belief) ÷ (Time to Apply × Effort & Risk). Raise what's on top, shrink what's below, and more good people apply.
Nobody actually writes it down, but every candidate runs this calculation in their head when they look at your job:
(Dream Job × Belief) ÷ (Time to Apply × Effort & Risk)
On top, Dream Job is how much they want this job, and Belief is how much they believe they could actually get it. Those two multiply, so if either one is close to zero, the whole thing collapses. A great job they don't think they'd get is worth nothing to them. Below the line, Time to Apply is how long it takes to apply, and Effort & Risk is how much work and how much exposure it feels like. Think of a long form, a cover letter, or the risk of spending time on interviews for a job that turns out to pay less than you make now. The full breakdown, with a before and after, is in The Applicant Equation.
What I like about it is that it gives you four levers instead of one vague "make the ad better." You can make the job feel more like a dream with specifics and salary. You can raise belief with fewer must-haves. You can cut time and effort with a shorter apply flow. Every fix in a job ad basically moves one of these four.
Example
A good candidate sees an ad for a planner role. The salary is in the first line and the day is described clearly, so Dream Job is high. But there are ten must-haves and she ticks seven, so Belief drops. Then the form asks for an account and a cover letter. The top is shrinking and the bottom is growing, so she closes the tab. Cut the must-haves to three and drop the cover letter, and the same person applies.
