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The one thing I would add is you don't need to be in a profit center of the company, though it helps. Even administrative roles have a lot of ways to contribute
by SatvikBeri 15y ago
The one thing I would add is you don't need to be in a profit center of the company, though it helps. Even administrative roles have a lot of ways to contribute to the bottom line (the $3MM example I gave was in a reporting department!)
- malandrew 15y agoYou don't need to be in the profit center of the company, but, and this is a big but, when you are not in the profit center of the company you, your colleagues and your department are seen by the CFO and accounting side as an expense and not a cost. Being seen as an expense in many companies means that there are budgets and less perceived room for negotiating by those deciding your salary. They have a budget to meet. It's not like they can easily go to their superior and say "Hey, if you increase my budget for salaries X, I can reduce the company's expenditures by 2X". Unfortunately budgets for most non-core departments only go down, unless the demand for the service that non-core department by the core departments go up, i.e. "In order to offer 2X capacity, I need 2X the budget" Plus, you generally never want to be in the non-core part of any company/industry because the quality/talent of the people you work with in the profit center of a company/industry. It's simply much harder to surround yourself with good people.