This Bengaluru CEO Doesn’t Negotiate Salary With Candidates: ‘We Pay Them Literally Whatever They Ask For’ | Trending

Salary negotiation between a candidate’s expectations and the company’s budget can be described as a complicated dance that is part of every interview process. However, a Bengaluru-based CEO took to LinkedIn to share how he completely skipped this step in his company’s hiring process. He explained why he doesn’t negotiate salary with candidates and gives them what they ask for.

“After hiring over 18 of my team members, I’ve discovered the secret to retaining world-class talent: we don’t negotiate salaries. We literally pay whatever they ask,” wrote Arjun V, co-founder and CEO of Zoko.

“Then we review it once a year. The reason is simple,” he added, listing four reasons for his decision.

“PS: I’ve only negotiated salary once, and that was to increase the amount the candidate was asking for. They were underestimating themselves compared to others in the same position, so I had to tell them and offer more,” he shared.

Read the full post here:

Since being shared, the post has received several responses. It has also prompted people to share a variety of comments.

Here’s what LinkedIn users had to say about the CEO’s post:

“Arjun, what if they ask for unrealistic raises? I’ve negotiated with candidates who asked for 100% raises,” asked the co-founder and CEO of ellow.io.

Neetu Elsa Ninan, who works in AI and Analytics, wrote, “I’m curious to know how these annual revisions are done. It’s great that this model is working for you and I’m sure the returns are promising. I think it’s about finding the perfect balance between investment and returns, taking into account human emotions and behavioral patterns. It can be a completely different ball game for startups with limited resources or large companies that need to recruit in bulk.”

A third person added: “This post should be used as a mini guide to recruiting.” A fourth wrote: “This is amazing and should be emulated by other recruiters. Situations where a recruiter pressures a candidate to save the employer money should be discouraged.”