A Bengaluru-based CEO has sparked a wave of astonishment and admiration on-line after revealing his firm’s unconventional hiring coverage. Arjun V, co-founder and CEO of Zoko, shared on LinkedIn that his firm has adopted a radical method to wage negotiations: they merely pay candidates no matter they ask for.
In his put up, V defined that after hiring over 18 crew members, he found a shocking secret to retaining prime expertise: eliminating the often-stressful wage negotiation course of. “We do not negotiate salaries. We actually pay what they ask for,” he wrote.
“After hiring over 18 crew members, I’ve found the key to retaining world-class expertise: we do not negotiate salaries. We actually pay what they ask for,” wrote Arjun V, Co-Founder and CEO of Zoko.
“Then, we conduct revisions every year. The reason being easy,” he added, itemizing 4 causes behind his resolution.
“PS: I’ve solely negotiated wage as soon as, and it was to extend the quantity a candidate requested for. They undervalued themselves in comparison with others in the identical position, so I needed to inform them that and supply them extra,” he shared.
The put up has garnered immense consideration, with 1000’s of likes, feedback, and shares. Whereas some have praised V for his daring and employee-centric method, others have expressed skepticism in regards to the sustainability of such a coverage, notably for smaller firms.
“Arjun, what in the event that they ask for unrealistic hikes? I’ve negotiated with candidates asking for 100% hikes,” the co-founder and CEO of ellow.io commented.
V maintains that this coverage has not solely attracted top-tier expertise but in addition fostered a tradition of belief and transparency inside the group. He believes that by eradicating the monetary stress from the hiring course of, workers usually tend to be engaged and dedicated to their work.
