Blog

Home Startups and Responsible Salaries

  • Startups and Responsible Salaries

    By Srinivasan V Swamy [Srini]     435 Views     April 24, 2018
    Force Majeure Clause for Covid -19 Explained |CFO Bridge Services

    We read these days that Start ups are paying fantastic salaries and on top of it that they are providing lot of perquisites like vacation trips etc.

    Yesterday Economic Times reported that few startups increased salary by 150 % and provided lots of perquisites. And the promoters appeared rather proud.

    This is an AVOIDABLE EXCESS unequivocally.

    1. This excess is coming from capital funding Hence, Investors should exercise due control on the rates of increment by reigning in on such moves in board meetings.

    2. It is not that talent is so irreplaceable that we need to totally break all rules by doubling salaries

    3. This has a totally negative impact on the other parts of economy which is fairly large and opts for a simplistic inflation plus??? approach

    4. Productivity comes not only from employees being talented but also from a highly productive culture and environment, energising vision of the entity and being part of a great team It is critical that companies spend money and efforts on creating such a culture rather than frivolously throwing money and thinking that they are buying??? talent.

    5. I have seen several such employees who have gone way out of the market median finding it difficult to get a new job when such start ups go bust ( remember mortality is high among startups)

    Hope better sense prevails.

    Filed Under: CFO Bridge Tagged With: CFO services on demand, Outsourced CFO services, Part Time CFO in Mumbai, v, Virtual CFO in India Leave a Comment     Share on:        
  • Srinivasan V Swamy [Srini]
    Article Written By

    Srinivasan V Swamy [Srini]

    Srinivasan (Srini) lives in Mumbai and is the Founder of CFO Bridge. He has close to 30 years of experience of which last 6 years both as the CEO of CFO Bridge as well as an On Demand CFO. He has extensive experience of working in large corporates like Bharti AXA Life as CFO for 5 years and as Sr. VP of ICICI Prudential Life for 2 years. He is an independent director on the board of Aegon Life. He has an in-depth understanding of cashflow cycles, profitability & cost drivers, growth formula and financial planning. He has handled P&L responsibility at various times and adept at selection and application of strategy. He loves food and classical music. He believes that MIS has to be Reliable & Insightful leading to better decision making.

    You can co nnect with him on LinkedIn, Twitter, or Facebook View all post by Srinivasan V Swamy [Srini]

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Go To Top

© CFO Bridge . All rights reserved.

Designed & Developed by VinsDzinerArt.com, Designed by VinsDzinerArt.com, Developed by VinsDzinerArt.com