In the future, there will be more opportunities to work as a business executive. Do you want to get a C-Suite job? Have a look at these C-Suite Jobs!
If you are not familiar with the term C-suite or C-level, it is used to describe corporate titles referring to an executive position within a business. C-level officers are essentially the organisation’s most senior executives. The highest-level executives usually take titles beginning with ‘chief’; hence the C-suite and each title explains the duties and responsibilities of the person in the role.
Currently, the most common and traditional C-level positions within organisations are the Chief Executive Officer (CEO), the Chief Financial Officer (CFO), Chief Operations Officer (COO), Chief Information Officer (CIO) and Chief Marketing Officer (CMO). But, it looks like this list is going to be bigger as some new executive roles have been introduced to improve operational procedure.
Ten C-suite roles will be more prominent in the years to come. These roles differ depending on a number of factors such as the business itself, the industry and location.
1. Chief Human Resources Officer (CHRO)
The Chief Human Resources Officer is the person who oversees all aspects of human resource management. Often called Chief People Officer, Chief Personnel Officer or simply Human Resources, this executive has a central role within a business. The CHRO often reports to the CEO and is an active member of the executive committee responsible for bringing a range of suggestions to the table that can benefit the company. Since this role involves communicating with staff, finding and hiring new talent, there is a need for solutions that will keep existing employees engaged in their work and attracting the best people to work for the business.
Salary: $85,289 - $282,114
2. Chief Intellectual Property Officer (CIPO)
The Chief Intellectual Property Officer is responsible for ensuring that emerging technologies are adopted and secure to protect the company against infringement. This person knows all there is to know about IP laws and plays a vital role in retaining the integrity of a business. A CIPO is an important addition to any business, especially for start-ups or SMEs where responsibility for IP matters aren’t very clear and are at more risk of getting exposed. Also, this person can prove to be a valuable member of any technology company where IP issues are complex and drive the business.
3. Chief Data Officer (CDO)
The Chief Data Officer is the person responsible for enterprise-wide governance and the utilisation of information as an asset, via data processing, analysis, data mining, information trading and other means. With the rapid increase of big data jobs and the realisation that information technology is an essential tool for any business, the role of the CDO has become more crucial. As such there is going to be a need for a professional who can harness and analyse big data. The CDO works closely with the CEO to determine what kind of information the business needs to capture and what it should be used for.
4. Chief Ecosystem Officer (CEO)
The Chief Ecosystem Officer is another C-suite executive whose role will be vital in the nearer future. As many businesspeople claim there is a new ‘ecological’ vision in corporations, it means that systems within the corporate environment will become more complex and will need to be handled by a professional who knows how to inspire people and get them moving. This professional is responsible for managing an organisation’s community, overseeing the dynamics of different types of partnership and how the company is handling its presence in the market.
5. Chief User Experience Officer (CXO)
The Chief User Experience is responsible for the overall experience of an organisation's products and services. The role has become an important one in the business world considering that most employers are now beginning to focus on the user experience. A customer’s experience matters to any business that wants to stand out in the market, and an effective way to do this is hiring a CXO. This professional also comes up with ideas on how to improve the user experience while meeting the needs for the usage of a product or a service clearly stating the benefits of why they should choose the particular organisation to engage with.
6. Chief Compliance Officer (CCO)
The Chief Compliance Officer is responsible for leading enterprise compliance efforts, designing and implementing internal controls and policies that assure compliance with the local, state or federal laws and regulations as well as third party guidelines in which businesses need to operate. This role is most common in regulated industries such as financial services and healthcare. The CCO manages audits and carries out research to identify and solve a range of regulatory and compliance issues as well as handling requests for information from regulatory bodies.
Salary: $61,044 - $231,092
7. Chief Automation Officer (CAO)
The Chief Automation Officer helps the company become more competitive through automation and making things easier for those involved in business processes. Since machines can do a lot more than people can in certain areas of work, automation is going to be a useful tool in terms of productivity. A CAO can suggest more time and cost-effective solutions that can be implemented in company operations and make automation possible for numerous business processes.
Salary: $254,000 - $ 276,000
8. Chief Administrative Officer (CAO)
The Chief Administrative Officer is responsible for covering all of the administrative duties involved in high-level decisions. Duties involve reviewing administrative policy, preparing financial reports and supervising marketing efforts amongst others that differ depending on each business. As CEOs are required to handle more complicated problems and pay attention to other issues that may be more threating to the business, a CAO helps to make everything smoother.
9. Chief Privacy Officer (CPO)
The Chief Privacy Officer role exists so that companies can effectively manage the data that it’s being collected. The person in this C-level position is responsible for helping keep personal information safe without allowing sensitive data such as medical or financial information get into the wrong hands or become known to the public. The CPO does this by implementing a range of laws and regulations that maintain the privacy of customers and employees.
10. Chief Freelance Relationship Officer (CFO)
This seems to be an unusual C-level position, though it’s going to be essential in the years to come. Since freelancing is rapidly becoming more popular, soon there are going to be more freelancers than employees working within businesses. This means that companies working with these professionals will need to appoint a person of contact or a professional who can maintain and grow the company’s partnership and reputation in the freelance community.
What these C-level jobs have in common is that once a professional becomes a chief executive, what matters the most isn’t the technical or functional knowledge they possess, rather their ability to lead and take effective decisions. As such their leadership skills and business acumen is more important than their expertise.
There is no doubt that C- level jobs will continue to evolve. So, if you want to become a business executive, you will need to focus on the right leadership skills and develop a ‘strong grasp of business fundamentals’ as The Harvard Business Review explains. As a C-level executive, you will be responsible for making joint decisions on company investments and managing the operation of the business. As such your contribution is going to be vital, and you will need to be able to work effectively with other C-level executives.
Does your company have any of these new C-level jobs yet? Let us know in the comments section below!