There can be many reasons for a person to do a job, but the biggest reason is salary. The most complex process in the job recruitment process of a candidate is salary negotiation. Sometimes after going through this process, the candidate gets the desired salary and sometimes it does not happen. But have you ever thought that there is a company in India that does not hold a round like salary negotiation?
‘There is no discussion on salary with the candidate’
A Bengaluru CEO shared on LinkedIn that he has completely removed salary negotiation from his company’s hiring process. He explained why he does not negotiate salary with candidates and why he pays the full amount they ask for. This post has been shared on LinkedIn by Arjun V, co-founder and CEO of Bengaluru-based company Zoko.
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Let’s see what he wrote on his LinkedIn post – After hiring over 18 members for my team, I have discovered the secret to retaining world-class talent, we don’t negotiate salaries. We literally pay what they ask for.
View post
‘Revision is done once a year’
Then we revise once a year. He cited several reasons behind his decision. By giving the desired salary to his candidate, top performance can be achieved from him. The salary respects his skill.
Nita Elsa Ninan, who works in AI and analytics, posted – I am curious to know how these annual revisions are done. It’s great that this model works for you, and I’m sure the results are promising.
I think it is all about finding the right balance between investment and returns, taking into account human emotions and behaviour patterns. For startups with limited resources or large companies that recruit on a large scale, it may be a different game.
A third person said, – This post should be used as a mini guide for recruitment. Another user wrote, this is great and should be adopted by other recruiters. In a situation where the recruiter is pressuring the candidate to save money for the employer, such an initiative is commendable.
Source (PTI) (NDTV) (HINDUSTANTIMES)