As a Chief administrator, you will work in a wide range of industries, including private and public entities, as a part of top-level executives in your organization. Duties and responsibilities of a chief administrator largely depend on the size of the organization, as well as the scope of the industry. Your main roles will entail devising policies, managing day-to-day activities of your organization and making sure that it meets its goals and objectives.
Hiring and Training
One of your primary responsibilities will be hiring competent subordinates to delegate responsibilities. You may also be required to offer additional training, especially to departmental heads, to enable their focus on organizational policies and procedures in service delivery. You will also oversee the work of your subordinates and other executives. The aim is to ensure that they coordinate with other departments in running the daily organizational operations, such as production and sales.
Accurate financial reporting determines the growth and development of organizations. It’s your responsibility to direct your organization’s financial goals and objectives, ensuring that all operations match with the budget limit. For instance, you may advise on cost benefit analysis and employee compensation formulas. Your challenge will be to oversee the investment of your organization’s funds while managing associated risks. You will need to liaise with other financial officers, such as accountants and auditors, to approve budgets and facilitate accurate financial reporting for your organization.
Planning and Policy Making
Every organization must have clear and pertinent policies and goals to achieve efficiency and productivity. You will therefore design and plan strategies for various departments such as marketing, distribution and infrastructure to ensure the general growth of your organization. In addition, you will be required to oversee corporate sustainability strategies aimed at ensuring your organization complies with labor laws and the best HR practices, such as team building. You may have to hold meetings with departmental heads to review or formulate new organizational goals and objectives to improve operations.
Securing sale and carrier contracts are important for the successive operation and growth of an organization. Your role will be to negotiate and handle contract procurement. You will need to evaluate various clients and service providers to secure the best deals while observing cost-effectiveness. It’s also your duty to verify agreement details and approval contracts.
2016 Salary Information for Top Executives
Top executives earned a median annual salary of $109,140 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, top executives earned a 25th percentile salary of $70,800, meaning 75 percent earned more than this amount. The 75th percentile salary is $165,620, meaning 25 percent earn more. In 2016, 2,572,000 people were employed in the U.S. as top executives.