The corporate title is a title that fits a person into a company’s hierarchy. In simple words, corporate titles are titles provided to the company’s officials and employees to identify what duties and responsibilities they have in the company. A Public or private corporate office uses these titles. The reason for such titles may be complicated to differentiate, as they differ between organizations. Let us know about the corporate structure titles.
In this article, you will get to know about:
- What is the designation of different job titles?
- Levels of corporate title hierarchy with various titles structure in a corporate company
What does a corporate title designate?
What/how do you call an employee in an organization who performs a specific job. The official names by which you call an employee are known as corporate titles or job titles.
These corporate titles designate some hierarchy from upper-ranked employees to lower-ranking employees. This title designates an individual as a company’s office with specific responsibilities.
There are several crucial elements in an organization, such as hierarchy, responsibilities, and legal accountability.
In each organization’s job structure, the corporate titles indicate how and where an employee is ranked. The ranks are necessary for a corporate office as it describes and decides to whom an employee reports to and who reports to them.
This element represents the duties and works an employee does in an organization. No matter they are high-level employees or low level in an organization.
Some Factors That Influence These Duties Are:
- Industry: Let us take an example of a tech company. As executives head of a tech team, they hold the technical understanding of their products. Although an executive at an organization is responsible for brands and does not need any culinary experience, they need to understand the data and trends.
- Organization size: The size of a company is one of the factors that influence the responsibilities. The responsibilities of an employee differ in different organizations and tend to grow based on its size.
In a large corporation, all the daily tasks and duties are to the lower-ranked manager/employee, and higher ranked managers only supervise.
- Culture: Each company has its different values, visions, and philosophies. Each company designs its corporate cultural structure.
For example, a gaming company claims to have a flat organizational structure. These structures reduce bureaucracy and empower employees to decide, and give them the freedom to take risks.
In big corporates, senior corporates do not have any direct authority over the employees. They only suggest the policies and guidelines.
- Legal accountability:
The legal accountability depends on the different companies and different corporate companies. There are some laws that a corporate company should follow are:
- A company’s stock trading must be recorded from four and should disclose to the (SEC) Securities and Exchange Commission.
Let us see an example,
If in a public company, a CEO is thinking to sell its stock. The trades must be recorded and should get disclosed to the SEC officer. The higher-ranked employees of the United States follow these rules. The lower-ranked employees do not need to stick to such laws.
Levels in the corporate title hierarchy
To demonstrate corporate value, a company brings up a lot of titles with its hierarchy. A corporate title hierarchy represents a higher level of job representatives. But you won’t find all of them in one specific company.
The purpose of these corporate titles is to assign various responsibilities to the employees.
Why does a company create different job titles?
A company creates these titles for various purposes. They are:
- To display corporate values and culture.
- To define the responsibilities of an employee in a company.
- Ranking employees
What are the top positions in a company?
There are three top positions in a company:
- Chairman of the Board of Director
- Vice-chairman of the Board of directors
- Members of Board of directors
These hierarchical positions protect the interest of the company. They are responsible for the external operations of the company. The external affairs of a company are under these hierarchies. They are the head of the company and can guide on all the aspects of the company’s affairs. They do it indirectly by hiring a CEO and directs them to take the business in which direction.
Who upholds the internal affair of a company?
1- Chief executive officer (CEO): The CEO is the most senior officer of the company after the top three hierarchy of a company. They are the head of all the internal affairs within a company. They are the senior corporate executive and administrative officers under whom the whole company comes.
2- C-level titles:
There are various c-level titles in a corporate structure, such as COO, CTO, CBO, CFO, CCO, CDO, CXO, and many others. We have penned down some of the main titles for your reference. All these c-suits titles operate under the CEO of the company and reports of them.
- Chief Operating Officer (COO): This position is responsible for supervising the daily operations of a company. It is a high-ranking executive position. They ensure that all the business operations work efficiently and effectively.
- Chief Financial Officer ( CFO): This position is responsible for the finance department of the company. They oversee financial performance, prepares the budget, and monitors the finance functions of a company.
- Chief Technolgy Officer (CTO): This position is responsible for supervising the development and tech department in a company. They deal with several IT operations.
3- President: President of a company is the first commender after the CEO. This position is the leader of all the executive groups in the company. A President manages all the daily operations and reports to the CEO of the company.
In most companies, an individual holds both the positions of CEO and President.
4- Vice President: Vice President is the second in command after the President in a company. They are responsible for supervising and managing the company’s public image. They work directly with the CEO, President, and Board of Directors. They illustrate the overall budget and goals for the directors and managers.
5- Executive Vise President: Executive vice president of a company works under the President. They supervise many departments and especially the performance of the company. This position ranks third as a commander after the President.
6- Senior Vice President (SVP): This position holds an executive role in a company. They supervise a specific department (the region where the company operates). This position ranks fourth as a commander after the President. Presidents direct them, so they are answerable to them.
7- Assistant Vice President (AVP): They are one of the executives of a company. This position supports and works by collaborating with the Vice President. They also monitor and guide the HR team during the hiring process. Overall they have a wide range of additional duties.
8- Associate Vice President: This position categorizes under the management. This executive-level administers the management department while working under the Vice President. They provide long-run planning, problem-solving ideas in an administrative department.
9- Senior Director: This executive-level position administrates the managerial positions within the company. They supervise and guide the managers of all the departments, such as finance, marketing, research, and many others. They interact directly with material position employees and their duties in a specific field but focus on the big picture. They are middle-level coordinators/ executives within the company.
10- Manager: A manager in a corporate company guides, assists, and work directly with the middle manager of each group in the different department. Managers of each department work under the supervision of the senior director. They report all the departmental operations to them. Overall they control the daily operations of the department of a company.
11- Middle Manager: A middle manager is responsible for leading, guiding, and assisting the low-lever manager of each department. The middle manager job title includes different managerial roles, such as General Manager, plant manager, regional manager.
12- Group manager: They are the head of each group in a department. They directly work with the employees. Group managers carry out set goals by the top management. They assist, guide, and lead the employees. They ensure the daily operations are conducted without any bugs.
They are low-level employees and work under the middle manager. A group manager is answerable and reports all the operations to the middle- manager.
13- Employees: They are the people who perform different services for the company. It is the employees who do all the works to full the customer’s needs. They do not get direct contact with customers, the top management sets the goals and assigns the task, and employees complete the set goals/assigned task. Employees work under their manager and team head. (Team heads are employees who lead other employees)
Employees get categorized into some parts, such as:
- Permanent employee: Employees do not have a predetermined end date at a company. These employees earn benefits and perks provided by the company.
- Temporary employee: Employees who get hired only for a specific task or project for some time at a corporate.
- Consultant’s employees: Employees give expert advice to the other employees, but they do not perform any work.
- Freelancers: Employees who are independent and earn wages from corporations based on per job or task.
- Part-time employees: Employees who work for some hours a day, like 4-5 hours a day.
- Contingent employees: These employees give clients advice as well as do they also do the office work.
NOTE: Corporate companies d do not exactly work in the same sequence. Their reporting executive may vary in each company.
For example, in some corporate companies, executives do not report directly to the CEO. Sometimes they may report to the Vice President.
Corporation Titles variation
Some corporate titles also vary to the company’s industry. There are few specific positions, such as
- Chief administrative officer (CAO): This position supervises the level of performance of the company. This officer administrates all the daily operations operated within the company.
- Chief Brand Officer (CBO): This executive-level position is responsible for brand/products promotion. The oversees marketing, designing, customer service, and add &PR departments.
- Chief Audit Executive (CAE): This position is responsible for the company’s internal audit department. They are also high-level executives who access specific resources designed for their needs. They are directly answerable and report to the President.
- Chief Procurement Officer (CPO): They supervise the procurement strategy and policy of the company. This position holds the authority over the department that purchases the equipment and materials. This position is directly answerable and reports to the President.
Some senior corporate structure titles have recently been added to the corporation company policies.
- Chief Diversity Officer (CDO): This position is an organizational executive-level who is in charge of the company’s diverse workforce. They are in charge of identifying and addressing any potential barriers in the company’s work.
- Chief Data Officer (CDO): This position is responsible for enterprising the governance and utilization of an asset of the company. The companies include data processing, data mining, information trading, analysis, and other data. Chief Data Officer is answerable and reports directly to the President.
- Chief Marketing Officer (CMO): This position has grown incredibly in past years. They are responsible for supervising social media and consumer-centric marketing. This position may differ from the size of the company.