'We don't negotiate salaries': This Bengaluru CEO claims to pay 'what candidates ask'
Salary negotiations between a candidate's expectations and the company's budget can be described as a sophisticated dance that occurs during all interviews.?
Who is the CEO who claims to pay whatever candidates ask for??
However, a CEO from Bengaluru took to LinkedIn to explain how he has eliminated this stage from his company's hiring procedure. He revealed why he does not negotiate salaries with candidates and instead pays them what they ask for.
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¡°After hiring 18+ members for my team, I've found the secret to retaining world-class talent: We don't negotiate salaries. We literally pay what they ask for,¡± wrote Arjun V, Co-Founder and CEO of Zoko.
What process does the CEO follow??
¡°Then, we do revisions once a year. The reason is simple,¡± he added, listing four reasons behind his decision.¡°PS: I've only negotiated salary once, and it was to increase the amount a candidate asked for. They undervalued themselves compared to others in the same role, so I had to tell them that and offer them more,¡± he shared.
How did people on the internet react?
Since its publication, the post has gotten a number of responses. It has also led people to leave various comments.?
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¡°Arjun, What if they ask for unrealistic hikes? I have negotiated with candidates asking 100% hikes,¡± the co-founder and CEO of ellow.io asked.
Neetu Elsa Ninan, who works in AI and Analytics, posted, ¡°I¡¯m curious as to how these annual revisions are done. It's great that this model works for you, and I¡¯m sure the returns are promising. I guess it's all about finding the perfect balance between investment and returns, taking into consideration human emotions and behaviour patterns. It can be a whole different ball game for startups with limited resources or large companies needing bulk recruitment.¡±?
A third person added, ¡°This post should be used as a mini guide for recruitment.¡± A fourth wrote, ¡°This is awesome and should be emulated by other recruiters. A situation where a recruiter is pushing hard on the candidate to save money for the employer should be discouraged.¡± Check the viral post here.
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