Revolutionizing Salary Benchmarks: A Fair Approach in Hiring
In this episode of 'Woice with Warikoo,' we discuss a notable hiring case from my previous startup, Nearby.com, where we made a significant salary offer based on our innovative compensation benchmarking process. We explore the flaws of traditional salary practices reliant on past pay slips and argue for a more objective approach in determining salaries. Discover how this method led to a win-win situation for both the company and the candidate, and learn about the importance of fair compensation in attracting top-notch professionals. Tune in for insightful discussions on career growth and market standards.
00:00 Introduction to Woice with Warikoo
00:29 The Salary Benchmarking Dilemma
01:53 Implementing a Fair Compensation Process
02:43 A Success Story and Its Impact
03:36 Conclusion and Podcast Promotion
