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Why does a company with only 500 regular employees even have 20 executives in the upper bracket? Are they just overpaid sales people? If the upper 5% at my co

Why does a company with only 500 regular employees even have 20 executives in the upper bracket? Are they just overpaid sales people? If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches. Especially if the company is already struggling.

Angostura 7y ago
CEO CFO Head of Marketing Head of Sales Chief Security Officer Head of IT Head of Clinical Services. Head of HR .. off the top of my head. Shouldn't be too difficult to add in the remaining posts
- chmod775 7y ago
  HR should be about 5 people in a 500 people company. There's not much space there for a hierachy with much of a pay gap, unless you're going to pay a direct superior >500% more. Same with most other roles at such a company.
  - arethuza 7y ago
    I worked for a company that had about a thousand people in the UK and it had 2 people in HR (it was part of a much larger multinational). Mind you - they didn't get involved in hiring at all - only processing people during acquisitions and handling layoffs and disciplinary matters.
the_mitsuhiko 7y ago
What they have on the website: * Chief Executive Officer * Chief Medical Officer * Senior Vice President, Human Resources * Chief Customer Officer * Chief Legal & Strategic Solutions Officer * Chief Financial Officer * President and Chief Operating Officer * Chief Compliance Officer * Chief Technology Officer * Chief Growth Officer In addition their board has 8 members.
- pdimitar 7y ago
  What the hell is even "Chief Growth Officer"? Asking for real. Growth is either achieved organically or you are just forcing your way to a lucrative exit without bringing any value. Artificial and forced growth is toxic for the economy at large. The rest of the roles mostly make sense although I believe some of them can be merged so further savings can be accomplished.
  - shalmanese 7y ago
    "Growth" is one of the most misnamed and misunderstood roles because, as you correctly noted, everyone in the company should be responsible for growth. I explain to everyone about my role that it's not the responsibility of the Growth team to deliver Growth, it's our responsibility to put Growth more under the companies control. We act like a team of scientists to empirically try and understand what drives our growth and then build out systems, tools and processes to measure & improve those factors. YC has a good guide on what kinds of roles a Growth team is responsible for and what good Growth people do: https://blog.ycombinator.com/growth-guide2017/ https://blog.ycombinator.com/growth-guide2017/
    - pdimitar 7y ago
      What you say softens it a little but IMO growth still should be organically achieved first and foremost and not chased after to please investors. Bringing real value for customers should weigh much more than the approval of a bunch of golfers. "Growth" in the terms you describe should be more like "marketing": what other market niches can we fill, are our prices reasonable, can we expand to country X, etc.
  - oldjokes 7y ago
    Yes, but investors don't care about profit or sustainability anymore, always just this perpetual, artificial growth. A million years ago when I was young the IPO market used to be the end of the bullshit, you actually had to make money and have a long term plan. That is no longer true, the fictional growth narrative is demanded over actual money now.
ptah 7y ago
500 at the very bottom, many more in between
edh649 7y ago
It's 500 entry level jobs, not all remaining 500 jobs. I presume there are many people between the bottom 500 employees and top 20 executives
johntiger1 7y ago
According to glassdoor: 1 to 5k employees, 2-5 billion in yearly revenue https://www.glassdoor.ca/Overview/Working-at-CareCentrix-EI_IE318139.11,22.htm https://www.glassdoor.ca/Overview/Working-at-CareCentrix-EI_...
rc_kas 7y ago
> If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches. I'm pretty sure every large company in America matches that criteria.

Angostura 7y ago

CEO CFO Head of Marketing Head of Sales Chief Security Officer Head of IT Head of Clinical Services. Head of HR .. off the top of my head. Shouldn't be too difficult to add in the remaining posts

chmod775 7y ago
HR should be about 5 people in a 500 people company. There's not much space there for a hierachy with much of a pay gap, unless you're going to pay a direct superior >500% more. Same with most other roles at such a company.
- arethuza 7y ago
  I worked for a company that had about a thousand people in the UK and it had 2 people in HR (it was part of a much larger multinational). Mind you - they didn't get involved in hiring at all - only processing people during acquisitions and handling layoffs and disciplinary matters.

the_mitsuhiko 7y ago

What they have on the website: * Chief Executive Officer * Chief Medical Officer * Senior Vice President, Human Resources * Chief Customer Officer * Chief Legal & Strategic Solutions Officer * Chief Financial Officer * President and Chief Operating Officer * Chief Compliance Officer * Chief Technology Officer * Chief Growth Officer In addition their board has 8 members.

pdimitar 7y ago
What the hell is even "Chief Growth Officer"? Asking for real. Growth is either achieved organically or you are just forcing your way to a lucrative exit without bringing any value. Artificial and forced growth is toxic for the economy at large. The rest of the roles mostly make sense although I believe some of them can be merged so further savings can be accomplished.
- shalmanese 7y ago
  "Growth" is one of the most misnamed and misunderstood roles because, as you correctly noted, everyone in the company should be responsible for growth. I explain to everyone about my role that it's not the responsibility of the Growth team to deliver Growth, it's our responsibility to put Growth more under the companies control. We act like a team of scientists to empirically try and understand what drives our growth and then build out systems, tools and processes to measure & improve those factors. YC has a good guide on what kinds of roles a Growth team is responsible for and what good Growth people do: https://blog.ycombinator.com/growth-guide2017/ https://blog.ycombinator.com/growth-guide2017/
  - pdimitar 7y ago
    What you say softens it a little but IMO growth still should be organically achieved first and foremost and not chased after to please investors. Bringing real value for customers should weigh much more than the approval of a bunch of golfers. "Growth" in the terms you describe should be more like "marketing": what other market niches can we fill, are our prices reasonable, can we expand to country X, etc.
- oldjokes 7y ago
  Yes, but investors don't care about profit or sustainability anymore, always just this perpetual, artificial growth. A million years ago when I was young the IPO market used to be the end of the bullshit, you actually had to make money and have a long term plan. That is no longer true, the fictional growth narrative is demanded over actual money now.

ptah 7y ago

500 at the very bottom, many more in between

edh649 7y ago

It's 500 entry level jobs, not all remaining 500 jobs. I presume there are many people between the bottom 500 employees and top 20 executives

johntiger1 7y ago

According to glassdoor: 1 to 5k employees, 2-5 billion in yearly revenue https://www.glassdoor.ca/Overview/Working-at-CareCentrix-EI_IE318139.11,22.htm https://www.glassdoor.ca/Overview/Working-at-CareCentrix-EI_...

rc_kas 7y ago

> If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches. I'm pretty sure every large company in America matches that criteria.