The CEO of an Indian startup says he was forced to pass on hiring a “really good candidate” because of her salary expectations. Gaurav Kheterpal, founder and CEO of Vanshiv Technologies, wrote about his experience on the social media platform X, sharing a snippet of his conversation with the company’s human resources department.
Kheterpal said that he came across a “really good candidate” and asked HR to proceed with her application. However, when they reported her salary expectations, the CEO was left shocked - and amused.
He explained that the candidate, who had four years of experience, was expecting a salary of Rs 45 lakh per annum - up 17 lakh from her current salary of Rs 28 lakh per annum.
“Read it again - this is 4 Years Experience. All you can do -pass it off with a bit of humour,” wrote Kheterpal.
With HR, he joked that he would need to take out a loan to hire the candidate. “We’ll have to apply for a loan to hire her. Let’s skip,” he wrote. The CEO shared a screenshot of the conversation on X.
That moment when you come across a really good candidate. You ask HR to screen the candidate & they report the numbersRelated stories
-4 Yrs Exp
-Current CTC: 28 Lacs
-Expected CTC: 45 LacsRead it again- this is 4 Years Experience. All you can do -pass it off with a bit of humour#startup pic.twitter.com/inxIP0uewU
— Gaurav Kheterpal (@gauravkheterpal) March 13, 2024
“IMHO, experience can not be the only deciding criteria for one's salary. If you think the person can deliver what's expected of him/her and you've the budget for it, it's definitely worth giving a shot,” wrote one X user, to which Kheterpal replied: “Good point, but that logic works well for product companies with a fat purse and investor funding, not so much for small bootstrapped consulting and services companies like ours.”
Kheterpal also revealed that his salary when he had four years of experience was Rs 6.5 LPA.
Many also called on companies to reveal the salary range while posting vacancies to save time for both the hiring managers and the candidates.
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