u/Standard_Life_2629 wrote (the comment Michael replied to):
I think it's really simple. How many folks come into your program - and how many are successfully placed? A month-to-month membership is not an excuse for a lack of transparency in your outcomes.
u/michaelnovati replied · · edited ★ FEATURED
I can't tell if you are trolling, not understanding, or just have such a fixed mindset you aren't trying to understand.
How does that work exactly if someone is paying for a month subscription and someone else is paying for an unlimited membership with the goal of getting a job in 12 months.
What would either of those people get from an average placement time?
If someone has a three month subscription, what clock do we use for placement, 12 months from the end of that? What if they have a bundle and pay to extend a month and then get placed? Isn't that worse than if they got placed in the 3 month bundle they were hoping for even though they had a great job.
I believe most of our Fellows have full time day jobs, many do a couple sessions a week and have a long term timeframe and take a long time to place.
On the other hand a bunch of people were engineers who were laid off who are preparing full time to land a role and want one very fast.
Some people come to us trying to get the first job they can, others come to us with a smaller number of target companies. Some people don't care if they get a job or not and want us to get them in shape for an upcoming interview, hoping to increase their odds and not guarantee to pass (no one can do that).
Finally, our unlimited plans work with you until you get a job, which could be a month a month or a year, and while people's goals vary, if they don't change their goals/life circumstances and leave happily without a job, they stay with us until they place... again messing up an overall placement rate.
The only sensible thing is to break out a bunch of these cases and try to give placement times for each case and there are too many to manage and too small samples in most.
Now if you agree with me or at least believe that I understand our program offerings and you don't and give me the benefit of the doubt, the question to me that we want to answer is:
Given my goals, what is the likelihood I achieve it by time X? And we don't have a way to estimate that in a report right now so we talk to people 1-1.
If you are wondering why people leave Formation without a job?
These are estimates from my personal recollection and not official numbers, we don't have these numbers in aggregate so I'm estimating.
Of the people who leave (which I don't know the overall percentage because of a lack of fixed timeframe but I would estimate at 20%),
About 1/2 are in their first trial week and don't really count - some of them come back later and they realize the pacing was not what they expected and can't do it right now, some wee misaligned on goals, some what areas of mentorship we don't support.and misunderstood.
The other group is about half of the reamining people who have changing life circumstances, like an illness, family illness, moving out of the country, moving for partners, family changes, divorce, etc...
The rest are people who aren't happy later on. People who are interview ready now but struggle to get interviews and give up but still wanted a job. People who don't process well and get stuck and after trying a bunch of things we can't figure out how to help.
We aren't perfect and have many things day to day we want to improve and we collect mandatory feedback continuously in every interaction, and then we make improvements instantly or quickly. And then we might break something else, and we get feedback and make improvements.Wr ship hundreds of improvements every week on a continuous basis.