A Bengaluru CEO, Arjun V, Co-Founder and CEO of Zoko, recently shared on LinkedIn that his company does not negotiate salaries.
“After hiring 18+ members, I've found the secret to retaining world-class talent: We don't negotiate salaries. We literally pay what they ask for,” he wrote.
Arjun added that salaries are revised annually and shared, “I've only negotiated salary once, to increase the amount a candidate asked for as they undervalued themselves.”
”Reactions varied, with some expressing curiosity about the sustainability of this model and others praising it as a revolutionary approach to recruitment.