Executive Vice President (EVP) of Worldwide Operations Salary
Executive VPs of Worldwide Operations in the United States take home an average $187K per year. Total incomes of Executive VPs of Worldwide Operations incorporate potential for, in a few cases, more than $112K from bonuses and close to $102K from profit sharing; these performance components cause packages to range between $132K and $356K. Residence and tenure each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Male Executive VPs of Worldwide Operations are more prevalent than women among those who took the survey — 69 percent of professionals. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Job Description for Executive Vice President (EVP) of Worldwide Operations
Executive vice presidents (EVPs) of worldwide operations are responsible for effectively managing worldwide operations in their company. They are in charge of coordinating efforts to fulfill all operation requirements around the globe. Executive vice presidents of worldwide operations must communicate with the operations team and delegate tasks. Executive vice presidents of worldwide operations plan and organize operational activities while following all company procedures, as well as take part in creating and approving budget, and schedule plans.Read More...
Some of the executive vice president's main functions include managing inventory, performing purchasing, and approving transportation methods and costs. They present their progress through reports presented to upper management during business meetings. These executives review and oversee customer support efforts, as well as transportation and logistics tasks. Executive vice presidents of worldwide operations coordinate with offices all over the world to facilitate logistics and oversee contract fulfillment. They also perform operational reviews to suggest improvements for future operations, develop short- and long-term goals based on operational policy, and use a personal computer to track worldwide operation progress.
A bachelor's degree in supply chain management, logistics, business, or a related field is required in this position. In addition, previous experience in a worldwide operations capacity is necessary. Leadership certifications may be Executive vice presidents of worldwide operations must have strong leadership skills to motivate a group of professionals to reach all company objective in a timely manner. They should be organized individuals that pay close attention to detail and are capable of working in a fast-paced environment that requires multitasking on a regular basis.
Executive Vice President (EVP) of Worldwide Operations Tasks
- Oversee global teams to meet operational goals and objectives.
- Shape and enforce organization policies, standards and budgets.
- Appoint, direct and coordinate department heads.
- Analyze operations and staffing to meet ongoing and emergent needs in concert with the Board or Executive team.
Common Career Paths for Executive Vice President (EVP) of Worldwide Operations
Executive VPs of Worldwide Operations who move into a President and COO role might bring in a slightly lower salary; Presidents and COOs earn $178K a year on average. Executive VPs of Worldwide Operations most frequently become Chief Executive Officers and Presidents even though median compensation is $39K lower and $56K lower, respectively.
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Popular Skills for Executive Vice President (EVP) of Worldwide Operations
Survey results imply that Executive VPs of Worldwide Operations put a diverse skill set to use. Most notably, facility with Strategic Planning, Project Management, and Operations Management are correlated to pay that is significantly above average, leading to increases of 55 percent, 5 percent, and 4 percent, respectively. Skills that pay less than market rate include Microsoft Office and IT Management. For most people, competency in Operations Management indicates knowledge of Business Development.
Pay by Experience Level for Executive Vice President (EVP) of Worldwide Operations
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Folks with fewer than five years of experience take home $180K on average. Interestingly, those who have worked for five to 10 years report receiving a smaller median salary of $171K. For Executive VPs of Worldwide Operations, 10 to 20 years of experience on the job amounts to an average salary of $187K. Executive VPs of Worldwide Operations who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $244K.
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