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Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
There are considerable variations in the composition and responsibilities of corporate titles. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy.
Short-term incentives usually are formula driven and have some performance criteria attached (typically pre-agreed KPIs) depending on the role of the executive. For example, the Sales Director's performance related bonus may be based on incremental revenue growth; a CEO's could be based on incremental profit margin and/or revenue growth ...
Some companies have infused creativity into their job titles as a way to elevate otherwise generic-sounding positions. Others have doled out inventive titles in lieu of promotions or pay raises.
Personal titles are not part of a governing body, and have authority only over those who individually choose to follow the title-holder. Tribal titles give the title-holder authority over a bloodline rather than a physical geography. Institutional titles are mostly confined to a specific campus, corporation, temple, or other private or semi ...
As employees started to further detach themselves from their work, title, or employer, they began to shift to other opportunities. And layoffs further proved that employers also see our titles as ...
The CEO is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors. As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO presides over the ...
The latest fun figure about our country's growing income inequality: The average big company CEO earns 354 times that of the average rank-and-file worker. That statistic comes courtesy of the AFL ...