Zomato CEO Deepinder Goyal has garnered attention with his unconventional job opening for a Chief of Staff position. The selected candidate will receive no salary in the first year and will have to pay an advance of Rs 20 lakh. Goyal clarified that this approach is meant to attract individuals driven by learning and contribution, rather than financial gain. This unique hiring process sets a new precedent in the Indian business industry and is being met with both curiosity and skepticism.
Zomato's Unconventional Hiring: Chief of Staff Position with No Salary
Zomato, the Indian food delivery and restaurant discovery platform, recently made headlines with its unusual job opening for a Chief of Staff position. The announcement, made by CEO Deepinder Goyal, stipulated that the selected candidate would receive no salary for the first year and would have to pay an advance of Rs 20 lakh (approximately $25,000).
Background
Goyal's decision stems from his belief that traditional hiring practices often attract candidates motivated solely by financial incentives. He sought to attract individuals driven by a desire to learn, contribute, and make a real impact on Zomato's mission.
Job Description and Responsibilities
The Chief of Staff position reports directly to Goyal and will be responsible for a wide range of tasks, including:
Compensation Structure
Despite the lack of initial salary, the Chief of Staff position offers significant potential earnings in the long term. After the first year, the candidate will receive a competitive salary and equity package.
Unique Hiring Approach
Zomato's unconventional hiring process has generated both curiosity and skepticism. Some have questioned the ethics of asking candidates to pay for a job, while others have praised the innovative approach to attracting talent.
FAQs
1. Why does Zomato offer a salaryless first year? A: To attract candidates driven by learning and contribution, rather than financial gain.
2. How much is the advance payment? A: Rs 20 lakh (approximately $25,000)
3. What are the long-term compensation prospects? A: After the first year, the candidate will receive a competitive salary and equity package.
4. Is this hiring practice legal? A: Yes, as long as candidates are fully informed and consent to the arrangement.
5. What has been the response to this unique hiring approach? A: It has generated both curiosity and skepticism, with some questioning its ethics and others praising its innovation.
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