Roles and missions of the COO / Chief Operation Officer
The role and missions of a COO / Chief Operation Officer are many and varied. As the CEO's right-hand man, the COO is responsible for managing an organization's overall operations. He or she must ensure that operational activities run smoothly and that all strategic objectives are met. His main duties and responsibilities can be summarized as follows:
Develop operational strategies to promote the efficiency and optimization of the organization's functions.
Develop short- and long-term plans to ensure that activities are carried out efficiently and cost-effectively.
Manage the organization's business processes, including budget management, resource planning and process improvement.
Interact with other team members to ensure activities are aligned with strategic objectives.
Develop policies and procedures to ensure that all activities are carried out efficiently and in compliance with rules and regulations.
Supervise and evaluate operations staff and ensure that objectives are met.
Analyze data and performance to ensure activities are optimized and adjust processes where necessary.
Identify and evaluate operational risks and implement prevention
COO / Chief Operating Officer salary and career path
A COO, or Chief Operating Officer, is a company's chief operating officer. This position is responsible for managing and allocating resources to achieve the company's objectives. The gross annual salary of a COO varies considerably according to years of experience, location and company size.
0 to 2 years: between €50,000 and €60,000
2 to 5 years: between €70,000 and €90,000
5 to 10 years: between €90,000 and €120,000
10 to 15 years: between €120,000 and €160,000
Over 15 years: more than €160,000
COOs can develop and move into a wide range of positions within the company. Possible career paths for a COO are :
Director of Operations ;
General Manager ;
Chief Financial Officer ;
Project Manager;
Management consultant.
