Coinbase is no longer allowing new hires to negotiate their salaries: ‘We are OK if we lose some candidates due to this decision’

Coinbase is no longer allowing new hires to negotiate their salaries: ‘We are OK if we lose some candidates due to this decision’

Coinbase, the biggest US bitcoin exchange, continued its shakeup of Silicon Valley norms this week after last week's announcement that it is . Next on the chopping block: compensation negotiations for new hires. "We are officially from our recruiting process," Coinbase Chief People Officer L.J. Brock wrote in a blog post announcing the move. "If you pass our bar and are hired to do the same work, you get the same offer as the next candidate for a role." Deva Hazarika, who launched the with and marketing advisor Emily Kramer to help people understand and compare job offers, praised the move, saying that underrepresented candidates often lack the networks and resources to land the best offers. "For a variety of reasons — financial security, personality, et cetera, some people are just more aggressive salary negotiators than others," he told Insider. "This leads to equally qualified people getting wildly divergent offers at some companies just based on their knowledge about and attitude towards compensation negotiation." He added that these disparities compound over time, since raises and top-up grants are generally based off of that initial starting offer. "I believe no-negotiation policies for offers benefit employees," Hazarika said. "Two candidates with the