Why are senior employees paid so much more than their ground-level counterparts? According to Douglas Battista, it’s because when you reached the C-suite, you’ve amassed the amount of experience and education needed to keep a company on its feet. But what, exactly, do the chief officers do and how are they compensated?
Q: What is a chief officer?
Douglas Battista: A chief officer, which may be the CEO, COO, CFO, CHRO, or CITO among other important titles, is an individual responsible for the growth and development of the company. A CEO, for example, is put in place to organize the company’s leadership and to ensure that it is in compliance with all applicable laws and industry regulation. A CITO is the company’s chief information technology officer and shoulders the weight of responsibility for all computer systems and technology that support his or her company’s organizational goals.