A Vice President (VP), Operations earns an average salary of HK$1,059,721 per year.
|Salary||HK$417,183 - HK$1,624,671|
|Bonus||HK$50,000 - HK$400,000|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|HK$486,714 - HK$1,951,181|
Job Description for Vice President (VP), Operations
The vice president of operations assists their company's president with day-to-day operations. These executives develop and implement a variety of strategies to maximize profits while maintaining an acceptable level of quality, as well as work on improving the supply chain to positively impact variables such as cost, quality and delivery time. Vice presidents of operations provide oversight and guidance to subordinates, follow up on projects assigned to staff and stay up to date on their company's research and development efforts. They also need to provide timely feedback and guidance for both subordinates and to fellow executives on operations-related issues.Read More...
Vice presidents of operations must be have a thorough knowledge of their company's products and services, as well as their industry and the competition. Additionally, these executives must understand relevant government rules and regulations and industry best practices. They are often required to travel to visit clients, vendors and/or their regional offices.
Typically, vice presidents of operations have at least a bachelor's degree in a relevant field such as business, marketing or finance; a master's degree may be required or preferred as well. Additionally, these executives must have excellent leadership, communication and interpersonal skills, as well as be proficient with basic computer software such as the Microsoft Office suite. Industry-specific credentials may be required, and proficiency or fluency in a second language may be needed as well. (Copyright 2018 PayScale.com)
Vice President (VP), Operations Tasks
- Provide leadership for the overall operating performance of the business.
- Develop, monitor and administer financial program to maintain efficient, quality services.
- Develop new resources and new revenue streams.
- Evaluate operational processes and procedures, and develop strategies and implementation plans to improve and standardize all aspects of operations.
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