'Will Have To Apply For Loan To Hire Her, Let's Skip': Vanshiv Technologies CEO Gaurav Kheterpal Reacts After Candidate Demands Rs 17 Lakh Hike in Salary, Netizens React

In an interesting development, Gaurav Kheterpal, CEO and founder of Vanshiv Technologies, has shared a story about having to let go of an employee due to her high salary expectations. Taking to X (formerly twitter) Kheterpal said that the candidate who had four years of experience, was currently earning Rs 28 lakh per annum. However, she was anticipating a salary of Rs 45 lakh per annum, representing a Rs 17 lakh increase from her current package. Reacting to the exorbitant salary hike demand from a candidate with just four years of experience, Kheterpal said, "We will have to apply for a loan to hire her — let's skip". He also posted the screenshot of the conversation with the human resources department. The post has gone viral on social media and gained widespread attention, eliciting various reactions. One user argued that experience should not be a criterion for determining one's salary. In response, Kheterpal pointed out that such logic might apply to product companies backed by substantial investor funding, but not to "small, bootstrapped consulting and services companies". Infogain Appoints Dinesh Venugopal as New CEO, Effective From February 8.

Gaurav Kheterpal's Reaction:

That moment when you come across a really good candidate. You ask HR to screen the candidate & they report the numbers

-4 Yrs Exp

-Current CTC: 28 Lacs

-Expected CTC: 45 Lacs

Read 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

(The above story first appeared on LatestLY on Mar 14, 2024 05:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).