A LinkedIn post highlighting a unique approach to salary negotiations is doing rounds on the internet. The post, shared by Arjun V, co-founder and CEO of Bengaluru-based company Zoko, describes his unconventional method during the hiring process. Arjun V disclosed that, in contrast to the customary approach, his organisation does not negotiate with job applicants over pay. Instead, to keep top talent, his company pays candidates precisely what they request.
“After hiring more than 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," Arjun, CEO of Zoko wrote in his post. Arjun further elaborated that annual salary adjustments are made to ensure fair and competitive compensation within the organisation. He also hinted at various reasons behind adopting this strategy, though he did not delve into the specifics in his post.
Additionally, the CEO of Bengaluru-based startup Zoko recalled a rare case in which he negotiated an increase in a candidate’s desired wage. “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 concluded his post.
Check Arjun V’s post here:
Within a few hours of being shared, LinkedIn users responded to the post with various reactions and remarks.
One user asked, “Arjun, what if they ask for unrealistic hikes? I have negotiated with candidates asking 100% hikes."
Another commented, “This post should be used as a mini guide for recruitment."
“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," a user who praised the unique approach remarked.
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