In a refreshing departure from typical corporate cost-cutting, a startup's founders have won the internet's praise after revealing they paid a new hire significantly more than his asking salary. When an engineering candidate earning ₹30,000 only requested a modest bump to ₹35,000, the company chose to fulfil their pre-approved ₹50,000 budget instead.
“Candidate asked for 35k/month , but we offered 50k/month because for that role we have approved 50k,” the founders wrote on Instagram and shared a video on their page named “IIT Ke 4 Launde”. In the video, they explained the reason behind their decision.
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In a video, one of the founders shared that, while hiring an engineer, the candidate earning around ₹30,000 asked for ₹35,000 per month, adding that the management had a budget of ₹50,000. Hence, the company decided to pay that amount to the candidate and hired him.
What happened next?
The founder said that after a few days of joining, the candidate asked him why he agreed to pay a higher salary. He said he responded by saying, “Why would I not?”
{{/usCountry}}The founder said that after a few days of joining, the candidate asked him why he agreed to pay a higher salary. He said he responded by saying, “Why would I not?”
{{/usCountry}}The IITian continued, “I have accepted that budget. According to me, that work has value. That budget is approved,” adding, “If I can solve that problem for you, where you don't have to think whether it is ₹30,000 or ₹35,000, then I should solve that problem for you.”
At this point, another founder chimed in and said, “People don't realize this but the guy has been with us for the last 3 years and if he would have gone in between, then our cost of rehiring would have been very high. So, I think this is our way of work. We always prefer quality over cost optimization.”
Take a look at the video:
What did social media say?
An individual commented, “Dream recruiters”. Another expressed, “Being an HR, I totally support this but meri company karne nahi degi mujhe ese (My company won’t allow me to work like this.” A third joked, “My HR says it’s AI”.
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A fourth wrote, “Real. Spending more when budgets have been approved is the best thing possible.”
(Disclaimer: This report is based on user-generated content from social media. HT.com has not independently verified the claims and does not endorse them.)