The average salary for a Chief Operating Officer (COO) is £82,162 per year. Skills that are associated with high pay for this job are Financial Analysis, Strategy, Human Resources, Team Leadership, and People Management.
|Salary||£44,792 - £148,822|
|Bonus||£1,984 - £52,117|
|Profit Sharing||£0.00 - £48,288|
|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).)
|£47,059 - £184,964|
Job Description for Chief Operating Officer (COO)
A chief operating officer (COO) is usually the second-highest ranking executive in a corporation. The chief operating officer is in charge of executing daily operations for the company, and is second in responsibility only to the chief executive officer (CEO). The COO's job is to help set standards for the company and work with directors and middle managers to ensure that processes, training, and quality of output of goods and services reflect these standards. They may receive constant data-based reports and overviews which include snapshots of revenues, efficiency, and even waste that can be acted upon to improve the company's performance.Read More...
As the second-in-command, the COO is also responsible for executing the company's overall vision, typically by upholding the CEO's mission statement and working with directors and operations managers to make that visualization a reality. The COO may focus on data related to productivity and revenue generation and make performance assessments based on this data, and these assessments may then be compared to prior weeks, months, or years.
Chief operating officers work with operations managers to ensure that optimal staffing levels are set throughout the company and all departments have sufficient resources and procedures for proper employee training. The COO may also work with analysts within the company to assess physical assets and how they can be maintained, repaired, or upgraded.
Most chief operating officers have strong educational backgrounds in business and management, typically with graduate degrees in the field. A COO will also need extensive practical experience, and many have previously served as a director or manager within a company. Those in this position work primarily in an office with a dedicated administrative staff. With so many potential direct reports throughout the corporation, they must be organized, dedicated, and willing to work long hours to achieve success. (Copyright 2018 PayScale.com)
Chief Operating Officer (COO) Tasks
- Direct the day to day operations of the organization.
- Improve operating procedures to increase profits and/or make the organization more efficient.
- Implement the strategies set by the Board of Directors and the CEO.
Chief Operating Officer (COO) Job Listings
Pay by Experience Level for Chief Operating Officer (COO)
Pay by Experience for a Chief Operating Officer (COO) has a positive trend. An entry-level Chief Operating Officer (COO) with less than 5 years of experience can expect to earn an average total compensation of ₤68,000 based on 56 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Chief Operating Officer (COO) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤82,000 based on 50 salaries. An experienced Chief Operating Officer (COO) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤102,000 based on 92 salaries. A Chief Operating Officer (COO) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤101,000 based on 70 salaries.
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Key Stats for Chief Operating Officer (COO)
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