Think of it this way. Company A is hiring for role X. They get 100 candidates, interview 10, with each candidate going through a 5 interviews at an average of an hour each, assuming they hire 1 candidate, that's 45 hours of people's lives that have now been utterly wasted.
The problem is companies don't care about you and your time until you are their employee. They'll gladly waste hours and hours and hours of your time, because doing so costs them nothing.
There's actually a super simple solution to this problem.
Require interviews be paid. Doesn't have to be a lot, a simple honorarium scaled to the role's salary would suffice.
If your time has a cost to companies, they'll stop wasting it and start optimizing to minimize the time hiring takes instead of optimizing for other factors and ignoring the negative externality of wasting peoples time.
The problem is companies don't care about you and your time until you are their employee. They'll gladly waste hours and hours and hours of your time, because doing so costs them nothing.
There's actually a super simple solution to this problem.
Require interviews be paid. Doesn't have to be a lot, a simple honorarium scaled to the role's salary would suffice.
If your time has a cost to companies, they'll stop wasting it and start optimizing to minimize the time hiring takes instead of optimizing for other factors and ignoring the negative externality of wasting peoples time.