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I feel like unless there is an alternative and the labor pool is large enough companies are not incentivized to look at other ways of evaluating engineers.

I’m glad that there is a “shortage” of engineers. Likely this isn’t a problem that can be solved anytime soon. The past 2 decades were a brief time when FAANGs could provide a ton of benefits (both financial and non financial, such as eg dev tools) which attracted hordes of people to them. They successfully shaped the industry and now most tech firms are expected to provide great benefits. The number of startups and unicorns is large enough to stem the flood of engineers that they used to get before, and now they will be forced to use different strategies.



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