In today’s highly competitive job market, employers are doing everything possible to attract and recruit top talent. Companies are employing various innovative strategies to lure the best candidates, such as offering attractive benefits packages and fostering a supportive, inclusive work culture. Recently, a CEO from Bengaluru gained attention online for his unconventional hiring strategy.
Arjun V. Paul, co-founder and CEO of Zoko, shared on LinkedIn that his company now offers candidates the salary they request without negotiating. He explained that this approach has been a game-changer in attracting top talent.
He clarified that this strategy has changed the game in terms of drawing in elite talent.We simply pay what candidates ask for and conduct annual salary revisions,” he wrote.
The CEO also shared a rare instance when he negotiated to increase a candidate’s requested salary. “I’ve only negotiated salary once, and it was to raise the amount a candidate asked for. They undervalued themselves compared to others in the same role, so I informed them of this and offered them more,” he added.
Some users questioned and voiced misgivings about the strategy, while others supported it. One commenter said, “Arjun, I really like the way you value talent.” Establishing a culture of respect and trust with your team early on encourages excellence.
One more person said, “This is fantastic and should be emulated by other recruiters.” Recruiters who overstretch candidates to save money for the employer ought to be discouraged.
“What if you hire the person and they turn out to be less competent than their pay?” asked a third person. Do pay revisions afterward permit salary reductions as well? I would love to know more. “This post could serve as a mini-guide for recruitment,” said a fourth.