![]() | #121 | |
BHPian Join Date: Oct 2015 Location: Hosur
Posts: 593
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![]() | #122 | |
BHPian ![]() Join Date: Mar 2017 Location: BLR
Posts: 842
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Just being in Finance doesn't ensure you will be successful, but you will have a CLEAR advantage over the others IF you know how to leverage that position in a medium to large sized company. Without getting into specifics, posts on this thread are out of actual experience and not assumptions. | |
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![]() | #123 | ||
Team-BHP Support ![]() ![]() | ![]() Quote:
As a general thumb rule, any one who is closer to the money transactions, gets more money and gets promoted faster through the ranks. That is because they can quantify their contributions towards the revenue much clearly than other departments. Sales: If a sales person improves the sales by 2X or 5X times, it has direct impact on the revenues. It is easy to give credit/promotion. Finance: If the finance person improves the management of working capital, again the results are easy to see. It is easy to give credit/promotion. Both sales and finance work closely with management, so visibility is also high. Now consider developers, who are always in the trenches. It is very hard to quantify their contributions in money terms. When company does well, very little credit trickle down to the developers. Quote:
You are probably a supervisor for a team of tech support agents. But you need to recognize what is your domain. Is it the technology you are supporting or the call center operations? | ||
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![]() | #124 | |
BHPian Join Date: Oct 2015 Location: Hosur
Posts: 593
Thanked: 820 Times
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![]() | #125 | |
BHPian Join Date: Dec 2017 Location: MUMBAI
Posts: 77
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No offence by "assumption", just wanted to convey that while one point of view says that Finance people are better off, whereas another viewpoint (typically from Finance guys) is that it's a kind of thankless role, in the shadows (apart from maybe the highest level positions) relative to other functions (esp. Sales). Hence the grass looking green ![]() | |
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![]() | #126 | |
Team-BHP Support ![]() ![]() | ![]() Quote:
The danger here is that younger engineers can learn the newer technology along with you, and will be cheaper than you. So you will have to separate your domain knowledge (how call center works) from technology knowledge. The former takes years to learn, the later takes just months. That is your only edge over juniors. | |
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![]() | #127 | |
BHPian Join Date: Oct 2015 Location: Hosur
Posts: 593
Thanked: 820 Times
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![]() | #128 |
Team-BHP Support ![]() | ![]() |
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![]() | #129 | |
Team-BHP Support ![]() ![]() Join Date: Jul 2010 Location: Bangalore
Posts: 3,570
Thanked: 11,619 Times
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Backfill a role a few (sometimes several) grades below the outgoing headcount, with a resource who has all the right 'credentials' on paper, but will have a mild stroke the first chance there's a customer escalation or a scenario whose answer can't be found in the SOP manual, kicking off a hunt for an 'experienced' resource everyone wants assigned to their case ASAP, but none exist because everybody got replaced with 'cost-effective' resources. | |
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![]() | #130 |
BANNED Join Date: Sep 2006 Location: Bangalore
Posts: 1,005
Thanked: 271 Times
| ![]() The need to constantly evolve is higher than ever before. I dont think this is a 40s problem - its a skilling/reskilling issue and applicable to most IT folks. If one can evolve, age is just a number! |
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![]() | #131 |
BHPian Join Date: May 2006 Location: Bangalore
Posts: 844
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| ![]() No matter how much one reskills you will find much more young and already skilled resources at a much lower cost than a 40 Yr old person who is likely to be quite high up in the salary bracket. IMHO reskilling is good but won't guarantee that your job remains secure. With all the experience and knowledge it would be better to safeguard ones future by starting something on your own and growing that. |
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![]() | #132 | |
Senior - BHPian Join Date: May 2010 Location: Bangalore
Posts: 1,058
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![]() I have close buddies who have started up in the tech space and who manage divisions in large corporations. The hassles of doing business in India apply to IT as well. Registrations, chasing payments, making bribes, hiring, compliance, bureaucracy. It's really not simple and you need to be a certain type of person (and need a fair bit of luck and lots and lots of hard work) to startup successfully. Last edited by am1m : 24th May 2018 at 09:50. | |
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![]() | #133 | |
BHPian Join Date: Oct 2010 Location: Mumbai
Posts: 167
Thanked: 506 Times
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I know nothing about the legal profession. I am a senior-ish chap on the wrong side of 45 in an engineering company who has seen the havoc of lay-offs and survives hand-to-mouth in the same company with a slight pay cut and an Excel sheet that updates me how many months I can survive on my savings and my wife's school teacher pay. Until 5 years ago I used to scoff at my wife's work and tell her to quit. 'We pay that much in fuel, electric and phone bills!' I used to scoff. These days I beg her, don't stop working. At least your salary will pay for the fuel, electric and phone bills! Things are bad across sectors and the light at the end of the tunnel seems to be the headlight of a locomotive coming to hit us. I am normally a very positive chap but on this matter, I am a realist. I sent the link of the article to the 25 chaps in my team. . . a team that until 3 years ago comprised 60. I and my Deputy are the only gray beards left . . You do know that after factoring in the risks, the returns on farming are lower than putting the money in a savings account, don't you? The thousands of farmers are not actually committing suicide because their Bentleys got repossessed! Last edited by Jaggu : 24th May 2018 at 13:33. Reason: Back to back posts, please use Multi Quote [Quote+] instead. Thanks. | |
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![]() | #134 | |
Distinguished - BHPian ![]() ![]() Join Date: Apr 2010 Location: Pune
Posts: 2,941
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Although, in my opinion farming can also return more money considering the sector (horticulture/ animal husbandry/ etc) and keeping pace with changing market demands. | |
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![]() | #135 | |
BHPian Join Date: Aug 2010 Location: Bangalore
Posts: 977
Thanked: 342 Times
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Nonetheless the cost of living will not come down very soon even if the IT sectors' earnings go down. The damage is permanent. Like you said those in the IT sector who had taken the future for granted will be on our side of the wall now, feeling the heat of non-productively escalated cost of living. I have come across a sizable number of IT professionals who have transitioned into farming and other non IT fields, and they are actually happy. But then only the intelligent and brave do that. That should happen on a larger scale, lesser population will only make Bangalore better. | |
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