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What is the logic behind this? Do companies do this?
by hnseekingadvice 8y ago
What is the logic behind this? Do companies do this?
- rococode 8y agoI think what rmk is suggesting is that this guy's job doesn't really sound like a job that deserves a VP title (especially if your previous manager wasn't a VP). So, the title of "VP" may have been included as an incentive to take the risk of joining a struggling company. The idea is that even if the company fails, you can at least put "VP of ___" on your resume which will help place you at that level in future jobs. My dad went through a similar thing in the past - the company he had worked at for years at a middle-management level started going bankrupt. To keep him on board for as long as they could, they kept promoting him since everyone knew the company was dying and would leave without some incentive to stay. When the company eventually closed, he was able to find a new job at the level he was at after all the promotions. An easy (and lucky) way to advance your career very quickly.