Chief Operating Officer (COO): Definition, Types, and Responsibilities
A Chief Operating Officer (COO) is one of the most important members of any organization and looks after the entire operations to get things going. In most cases, COOs have a strong educational background and extensive experience in managing people. Apart from that, they are also great communicators and have the ability to make quick decisions. They are strong leaders and have years of work experience.
In this article, you will learn about the job of Chief Operating Officer (COO) and what is the role of this individual in any organization. Apart from that, we will also share the responsibilities of the COO and discuss the necessary skills one needs to have to become an effective and successful COO. Finally, we will share with you the necessary steps you can take to become a COO in any organization. Hence, to learn more, read on to the end.
Who Is A Chief Operating Officer (COO)?
According to Investopedia,
“The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business. The COO typically reports directly to the chief executive officer (CEO) and is considered to be second in the chain of command.”
In many organizations, COOs are also known as “Chief Operations Office”, “Executive Vice President of Operations”, “Operations Director,” etc.
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The Role Of A Chief Operating Officer
You will be the individual in the organization who is second in command, and you will be reporting to the CEO.
According to Indeed.com,
“The COO is focused more on implementing company strategies into daily operations to meet objectives. Chief operating officer responsibilities and salary will vary depending on the company, and the role is often influenced by the CEO’s personal management style. It’s important for the CEO and COO to be efficient collaborators and work in tandem to steward the company with the best leadership.”
Depending on the preference of the CEO, the COO also handles the internal affairs of the company, while the CEO functions as the external face of the company. Hence, the COO needs to have strong analytical, managerial, leadership, and communication skills. This allows the COO to handle the operations of the organization in the most effective manner.
Execution of the business plan according to the established business model is the topmost priority of the COO. The COO’s job is to implement the working of the business as per the business plan.
What Are The Responsibilities Of A Chief Operating Officer?
As already discussed, the COO is responsible for processing the daily operations of the company. The individual’s job is hectic and contains a mixture of various jobs. Here are the responsibilities of a COO:
- Recruitment and hiring of new individuals inside the company
- Production oversight
- Overlooking the financial operations along with the CFO of the company.
- Budget development
- Executing business strategy and planning to execute along with managers from various departments.
Apart from that, you must also keep in mind that the role of the COO can change from company to company, depending on the number of employees or the company’s structure. In most cases, the COO is chosen in such a way as to complement the skills and abilities of the CEO so that both work in tandem with each other.
Qualifications And Skills Required For A Chief Operating Officer
One of the major things that COOs need is extensive experience in the given field of work. They often have years of experience working in various positions. This is how the COO gathers skills and cultivates the experience of leading in an organization by understanding how the organization operates.
Some of the major skills required for a COO are problem-solving, leadership, effective communication, multitasking, and resourcefulness.
How To Become A Chief Operating Officer (COO)? – Steps To Take
According to an article in Harvard Business Review,
“Ask anyone who has worked as or alongside a COO—the job is demanding. Now we know it’s unique, as well. Perhaps that’s why COO is the only C-suite title to which there is no magazine devoted. It’s a trivial observation but perhaps a telling one; the common set of issues and interests that would imply simply does not exist.”
If you want to become a COO, you will need to take a long ride since the experience required to become a COO is extensive. It is a C-suite role, and only a person is required for this job who has several leadership qualities. Hence, it might take many years for you, including learning and job experience. Here are the steps you will need to take if you want to become a COO:
Step 1: You will need to get your degree (Bachelor’s or Master’s). In some cases, COOs also have a PhD in certain disciplines. Make sure your degree deals with business strategy and operations management. This will provide you with a great foundation for the position.
Step 2: As a COO, you will need to have varied experience across departments. Furthermore, companies also look for people who have experience in varied positions in a company.
Step 3: You will need to extensively develop your managerial and leadership skills. What you are preparing for is one of the top positions in an organizational hierarchy.
Step 4: Start Networking. You can only get the role of a COO if you have built productive and respectful relationships both inside and outside the company you currently work for. One of the ways to start this is through LinkedIn.
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Final Thought
One of the major aspects of a Chief Operating Officer (COO) is that the individual has a strong educational background and years of work experience. The COO must have worked in a variety of positions, mostly in the same organization. This makes them understand different parts of the business and how things work in the business.
The COO is detail-oriented and can easily pinpoint issues and gaps within the organization. They are also great communicators and flexible managers. What do you think is an absolutely essential trait in COOs? Share your opinion with us in the comments section below.
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Best Paying Jobs In Energy | Global Business Dairies
There are so many people who ask about energy as a career path. So, it depends on many factors. First of all, do you have an interest in the field? Or you just search for the best paying jobs in energy. And secondly, you need proper skills to be in the gas and oil jobs. Or you can get into the “green” energy also. But one thing is sure energy jobs will not end because the world will need energy for eternity. From lights, vehicles, computers, and healthcare, to appliances, gadgets, equipment, and technologies, most everything needs energy. And without energy, we can’t imagine a single day in our life. Energy Careers Although we are talking about the energy sector, there are a lot of job opportunities in the energy sector. There are a lot of pros and cons of an energy career, but there is no doubt that the career field is highly promising and profitable. With good pay, there are different opportunities that you can choose from. But you should know that the nuclear sector has poor growth. There are career paths in solar, air, gas, oil, and other sectors. So, what are the best paying jobs in energy? An energy career, good or bad? Are there more jobs or not? And there are a lot of other questions related to the energy job. Before going further in this article, there are a couple of things that you must know. First, there are boosts from both the political and the public when it comes to solar or wind energies. So, these career paths have the best paying jobs in energy. But in the coal, gas, and petroleum sectors, the scenario is completely different. Read more: What Do Energy Jobs Pay? Jobs in Energy: Pros and Cons It is not like every job in the energy sector is equal. So, the pros and cons depending on what sector you have chosen for your career. There are jobs that have high wages with other benefits as well. For example, the fossil fuel industry has a lot to explore. So, there are so many different openings in this career. Some people ask if the oil and gas industry is a good career path or not. What I have found is that, yes, there are a lot of advantages in the sector. Another example is wind energy. Because there are a lot of opportunities in this sector, it is also a renewable source and future. So, this field has some great job opportunities. In addition, there are other opportunities in the energy fields like hydroelectric, solar, and green energy. Of course, with time, people need more energy. But the basic principles must have to be the same, like storing, harvesting, saving, and distributing. So, don’t worry. There are plenty of opportunities. Energy Jobs: Skills and Education If you want to get into the energy sector, then you need to know and have a couple of things. It is not like you know something but doesn't have an educational degree, and the company will give you the job. So, you need a proper academic degree and skills. Engineering In the energy field, the core is engineering. Whether it is applied science or solving real-world problems, engineers are mostly needed to create efficient methods, new equipment, and, most important ways to harvest energy. So, the most demanded people in the energy sector are engineers. Information Technology So, in the 21st century, there is a need for people who are good at software, computers, informational technologies, and networks. So, why is this important? The energy that people are creating needs to be used in the proper way. And these IT people work hard to make that happen. Sciences (Physics, Chemistry, and Mathematics) So, engineers build systems, technologies, and machines for harvesting energy. And IT people work on the techniques and better usage. But there is a need for people who know how to get energy from water, coal, wind, and solar. People from core science backgrounds like physics and chemistry are highly needed. Also, every sector needs mathematicians. Business And Management Let me give you an example. In a small energy sector, there is a minimum of hundreds of people working. With this amount of workers, there will be a need for leaders and managers to run the industry. There are high-level executives, ground-level managers, people who can run the business, leaders, and people from the management. These are one of the best paying jobs in energy. Read more: How To Keep Your Employees Motivated? So, What Are The Best Paying Jobs In Energy? Enough about the energy field jobs, advantages and disadvantages, and required degrees. If you are already aware of these things, then go through the list of knowing jobs that will give you the best pay. Job RolesMinimum Annual SalaryArchitectural Manager$144,830Petroleum Engineer$137,720Chemical Engineer$108,770Materials Engineer$93,360Atmospheric Scientist$95,380Environmental Engineer$88,860Nuclear Technician$82,080Power Plant Distributor, Operator, and Dispatcher$85,950Agricultural Engineer$80,720Aerospace Engineer$116,500Information Systems Manager$146,360 Frequently Asked Questions (FAQ): Here are some interesting questions and answers. Q1. What Utility Jobs Pay The Most? Here are some utility jobs that are highly paid. 1. Nuclear Safety Engineer 2. Water Resource Specialist 3. Power Engineer 4. Substation Engineer 5. Power Plant Engineer 6. Radiation Engineer 7. Power Systems Engineer Q2. What 3 Jobs Make The Most Money? Here are the best jobs that are the highest paid. 1. CEO (Chief Executive Officer) 2. Senior Software Engineer 4. General Surgeon 5. Data Scientist 6. Investment Banker 7. IT Systems Manager Q3. Do Renewable Energy Jobs Pay Well? In the energy field, there are professionals who get a salary of $116,500 yearly. And if you are in the top 10%, then you can expect a salary of $166,500 per year. But, to get into the green energy sectors, you will need a bachelor's degree in advanced mathematics, chemistry, physics, computer programming, or a related field. Final Words Is energy a good career? If you have the right education, proper skills, and, most importantly, have an interest in the field, then it is a great career. So, if you are entering, don’t worry, you will get a nice and handsome salary. If you have any further queries, feel free to ask in the comment section. Thank You. Read Also: 10 Signs Your Boss Is Testing You 10 Signs Your Boss Is Impressed By You Starting A Business In The USA – 4 Tips To Kickstart Your Venture
Dec 09, 2022
Is Oil & Gas Production A Good Career Path?
There is no doubt that fossil fuels are one of the pillars where civilization stands. For centuries, we have been relying on fossil fuels as a source of energy. But, there are a couple of downsides to the source. There are two major downsides of oil and gas energy, the first one is that it will end one day, and secondly, there is huge air pollution while producing energy from oil and gas. Also, when we burn fossil fuels, there are so many greenhouse gases released into the atmosphere, and these gases are harmful. Oil And Gas Production There is a major backside of this industry, that is, the industry is highly unstable. The prices have been rising, and that makes the companies fail to plan for the future. Though there are a lot of downsides, more and more people want to pursue careers in the industry. The field is very lucrative, but if you have the proper knowledge, experience, and skill, then there is no doubt that you will make a lot of money. But there is another side to the coin. But is oil & gas production a good career path? Will there be enough job opportunities in oil & gas production? You will get to know these answers. But what are the main reasons behind it? Is Oil & Gas Production A Good Career Path? Image Source The question is tricky for some reasons. There are both good and bad sides to working in oil and gas production. First of all, the industry is shrinking because the source is getting smaller and smaller every day. Also, the work is dirty because you know that you are harming mother nature. Not only these but there are other downsides, like working in a remote location for several months. Also, there are harmful chemicals that can affect your health. So, to give the answer, let’s look into the pros and cons of working in the oil and gas industry. Pros Of Woking In The Oil And Gas Industry Though there are a lot of pros and for different persons, there are different pros. But here ▹ Money There is no doubt that money is the main motivator. And oil and gas companies pay a lot of money to their employees. Two people can earn differently, though they have the same degree and skills when one of them works in this industry. The work is dirty, dangerous, and difficult. These are the reasons for the fat salary. ▹ Skills One of the best things is what you will learn from this industry by working. Then, you can apply those skills in other industries. For example, geologists go for mining, engineers go for manufacturing and construction, etc. So, what you will learn is valuable and appreciated by other industries. ▹ Adventure While some people love their work to be on a fixed schedule, others love adventurous jobs. This industry offers really exciting, fast-paced, adventurous jobs. You will be given an opportunity to work in a remote location where you can get out for an adventure on the weekends. If you love to stay alone or want to live far from human lives, then these jobs are for you. ▹ Opportunities Though the industry remains the same, the procedures are changing every day. So you will have a lot of opportunities, and your career will definitely get a growth. There are a lot of people who do not want to get into this industry for some reason. But if you can ignore those, then go for it. The industry is really a good career path. Cons Of Woking In The Oil And Gas Industry You must be thinking of a positive answer to “is oil & gas production a good career path” this question. But here are some reasons that will contradict your last answer. ▸ Instability As I have already mentioned that the industry is unstable in nature. And the price fluctuates most of the time. This is the reason companies fail to make any long-term plans. And when it comes, the first this the company does is to lay off workers. So if there is any situation, a lot of employees lose their jobs. And without a connection, getting a new job in the same field is not easy. ▸ Work Challenge The industry and work are both very challenging. There are dangerous conditions, difficult situations, and long hours a worker needs to face. If you are not habituated to these kinds of work, then the work will be challenging for you. Also, you have to spend months away from your family. And people in this industry face issues in their personal life. ▸ Health Hazard In the oil and gas industry, people do not live a normal life as there are so many health hazards. There are many cases where people have been exposed to harmful chemicals, and they have faced health issues like respiratory problems and others. So, if you are thinking about entering this career, you need to take care all the time. ▸ Unfriendly Environment I don’t think I have to elaborate on this point as you already know that this industry is not friendly to the environment. There is some major climate change due to this industry. And government can finish your career at any time. So, what do you think? Is oil & gas production a good career path? It’s up to you now. Frequently Asked Questions (FAQs):- Here are some interesting questions and answers. Q1. Which Field Is Best For Oil And Gas Industry? Ans: Different people like different fields of work. But for many reasons, people say that petroleum engineering is the best degree to get the best job. However, there are other fields that are equally valuable, like geology, chemical engineering, and mechanical engineering. Q2. Is There A Future In Oil And Gas? Ans: There is no doubt this industry is one of the biggest. But there are long-term concerns. But, there are major investors who say that the industry will reach its peak by 2030. And companies are diving into this industry. Q3. Is Oil And Gas Good Industry? Ans: Though there are a lot of other energy industries, the oil and gas industry is at its peak when it comes to producing energy. 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How Using The Right Job Search Engine Can Boost Your Career Success
The average job search takes about five months, but this number can vary drastically depending on your circumstances and strategy. Using the right job search engine can make a big difference not only in the speed of your search but in your overall success. With the right site, you can pinpoint the very best opportunities in your area and increase your chances of landing the position. Unveiling Better Job Opportunities Well-equipped job search engines can provide access to thousands of job opportunities in one convenient place. It's nearly impossible to replicate this level of convenience with your own search efforts. Reputable job sites draw job postings from all the best employers because those companies know that using this type of online resource will instantly streamline their hiring process. With a job search site, you can input parameters like the type of job, date posted, and location. You can instantly sort out remote jobs if you'd like to work from home or focus on unique situations like contract-to-hire jobs. Inputting relevant keywords for your job search may even yield positions you hadn't considered before. Job search sites have a wealth of opportunities to present. Giving Industry Information Understanding the industry you're interested in will help you position yourself for success. The best job search sites offer far more than just open postings. Once you learn how to use CareerBuilder, you'll find that it has a wealth of information to help you target the best profession for your skill set, salary requirements, and interests. CareerBuilder offers detailed career pages for popular positions with a summary of the job, salary statistics, key skills to list on your resume, a list of the top hiring companies, and a rundown of similar roles to help you chart a similar path if that job isn't right for you. Providing Accurate Salary Information While passion and pleasure are great perks to enjoy in your career, these probably aren't at the top of your list of job requirements. For most people, pay is among their top concerns when seeking a job. In fact, a 2021 survey revealed that 62.2% of people feel that salary, perks, and benefits are the top factors influencing their decision on whether to take a new job. Using a reputable job search site, you'll often see salary information included in the job listing. Even if you don't find information on pay there, you can still easily look up the average salary for that position to help inform your negotiations if you're offered the job. Streamlining The Application Process Searching for a new job can be a time-consuming process. It's certainly worth the effort to find a position that provides rewarding work and excellent pay, but this doesn't mean that you won't want to take every opportunity to streamline things. Using the right job search engine makes nearly every aspect of the career hunt easier. You can build your basic resume online, then customize it as needed for each posting that you want to respond to. The best job search sites will give you all the information you need to craft a resume that will make it to the top of the pile, including a detailed job description, a list of job requirements, and a rundown of recommended skills. By working consistently with one job site, you can simplify your applications, keeping the basic details in one spot and eliminating the unnecessary time spent duplicating this information onto multiple websites. Many sites even have a quick apply option, so you can submit your application in a matter of clicks. Making Your Search A Two-Way Street Employers are as eager to find great workers as you are to find an outstanding job. Job search sites make the entire process a two-way street. You can upload your resume and present it to hiring managers, allowing them to search for employees the same way you're searching for a job. This can eliminate a tremendous amount of legwork and open you up to opportunities you never would have thought to look for on your own. This feature is especially useful if you're content with your current job, but open to new possibilities. You don't have to engage in an hours-long search every day, but you can review weekly updates on job listings that match your qualifications and accept incoming messages from hiring managers who like what they see on your resume. With a carefully tailored resume, a thoughtful approach, and the right online tools, you can successfully navigate the current employment landscape and find the best opportunities for your needs. Read Also: How To Start A Business In 2021 – Best Business Strategies Top 5 Best B2B Marketing Strategies For The Entrepreneurs In 2021 How To Create A Powerful Strategic Marketing Plan – Step By Step Guide
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What To Look For In A Boys’ Catholic School
As a parent, you might be thinking about whether to choose a boys' Catholic school for your son's high school education. A Catholic school allows your child to develop Catholic values and build a strong, positive bond with his peer group. It is important to understand how Catholic schools are different from public schools and know what the school has to offer before deciding on a Catholic school for your son. Catholic schools offer several benefits over public schools. Many parents decide to send their children to a Catholic school because it promotes Catholic religious practices and moral values. The private school environment and smaller classroom sizes can lead to a more comprehensive, personalized education experience than a public school setting. Also, an all-male school can help a teenager focus on his relationship with God and his studies. Since Catholic schools are private, they are usually smaller and have a smaller staff-to-student ratio than public schools. Parents might be required to pay tuition, but many Catholic schools offer financial aid. Finally, Catholic schools focus on religious education and community service, which most public schools don't. Furthermore, selecting an all-male school can help focus the learning environment on education and brotherhood. If you're interested in choosing a Catholic school for your child, here are several key elements to look for when considering a boys' Catholic school. Technical And Vocational Programs Examine what technical and vocational programs the school offers. Is your son interested in a specific field of study? Make sure the school offers courses in that field. You may want to choose a school strong in a particular area, like mathematics or technology if your son intends to pursue a career in a related field. Athletic Programs Your child's athletic skills might impact which school you choose. If your son excels in a sport like wrestling, basketball, or football, you might consider that when choosing what high school for him to attend. Schools well-known for a specific sport can help your high school student get into college on a sports scholarship. Take this into account when you're choosing the right Catholic school for your son. Clubs And Extracurricular Activities You'll also want to discover what extracurricular activities the school offers and ensure they fit your son's interests. Schools provide clubs and activities specializing in areas like: Chess Anime Debate and public speaking Musical instruments Performing arts and theatre Drawing or visual arts Foreign languages Science and technology Mathematics Mechanics and automotive Electronics and robotics Choose a school that offers extracurricular activities in areas your son is interested in, and he is more likely to be active and engaged at school. 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