Job Description
There are no standardized responsibilities and functions performed by a chief executive officer as these can vary depending upon the organization. However, some major job descriptions addressed by almost all executive officers are given below:
• Board support and administration: He supports administration and operations of the panel by informing and advising panel members and acting as an interface between staff and board.
• Service, product and program delivery: - Executive officer supervises quality of products, services, delivery, promotion, marketing and design of programs.
• Facilities, Risk, Financial and tax management: These officers present a yearly budget for the approval of the board and prudently a handle firm's resources within that financial plan in accordance with the current regulations and laws.
• HRM (human resource management): He manages human resources of the company effectively in accordance with approved personnel procedures and policies.
• Public and community relations: The chief executive officer makes certain the company and its goal, services and products are presented consistently in a positive, strong way to pertinent stakeholders.
• Fund raising: He supervises fund raising setting up and implementing research grant sources, resource needs, carrying out some policies to approach different funders, planning schemes and controlling fundraising documentation and records.
Qualifications and other requirements
The qualification details of an executive officer entirely depend upon the type of the particular company. It consists of what kind of programs and services they render and what type of business activities they are dealing with. He is required to pursue at least a graduate degree from an esteemed educational institute. Work experience and knowledge about work play an important role in getting a high paying job.
Skill Set Required
A chief executive officer may sometimes be required to play the role of a leader; therefore it is important that he should have good skills and knowledge in different areas. The officer should have good understanding skills so that he can advise the company to take some commanding efforts to improve the overall organization's profitability. Moreover, the chief executive officer should be capable to make decisions quickly at critical times with a few or no details available. Developing a professional and talented team and recruiting new people for the development of the company are the major duties of a chief executive officer.
As far as pay of chief executive officers is concerned, they can earn huge cash amounts if they have years of industry experience and good qualification. Career prospects of a chief executive officer is bright especially in profit specific organizations, as now-a-days, various industries are planning to make alliances with others to boost productivity.