Basics – Executive Employees
When you get your dream job, your excitement will surely be high. From remuneration to perks, there are a lot of benefits that come with a job. But have you been hired as an executive employee or a regular employee? Did you know that the perks and benefits of executive employees are different that those of a regular employee? Even their compensation is different than lower level employees. In most organizations in Ottawa, manager and executive are commonly used words. But most employees are unsure on the difference between the two.
Who are Executive Employees?
An executive employee is usually a senior level employees that include company presidents, chief executive officers (CEOs), chief financial officers (CFOs), vice presidents, occasionally directors, and other upper-level managers. These employees have a high authority in the organization.
Most employees confuse the term managers and executive. But you need to understand that there is a difference between the two –
Generally, executives are a part of the administration. They have to oversee the implementation of the decisions of the management. Executive employees are present in both for profit or nonprofit organisatons. Each has a set of executives who are there to implement the policies and programs. These decisions have been approved by the top management.
The role and position of a manger depends on the size of the organization in Ottawa. In case the organization is small, a single manager may be coordinating the activities of all employees. There is a single manager that overlooks all departments. In large organizations, there may be managers at each of the different layers of organization.
Points of Difference between Executive and Manager
- Manager is responsible for activities of a group of employees. Executive is not responsible directly for the employees, they are responsible for getting decisions implemented.
- Manager plays the role of mentor and motivator. Executive play the role of a leader who has vision for the future.
- The performance of employees or workers is overall responsibility of the manager. He is questioned in case of any low performance. Executives oversee the administration function of the organization.
- Manager is an umbrella term used across different service and product industry. Executives are mostly used in corporate organizations.
You need to remember that there is no one size fits all when it comes to employee benefits and perks. You need to plan your benefits and perks as per the needs and growth of your organization.