Career Field Analysis-Top Executive Research Paper

move Field Analysis-Top Executive - Research Paper ExampleFourthly, the executive consults with other executives, staff, and board members on issues that incriminate general operations. Lastly, negotiate or approve contracts and agreement, and appoint department heads and managers (Bureau of Labor Statistics, 2012). Typical Career elbow room Most positions for top executives are filled via promotion of lower level and experienced managers when openings occur with nearly promoted from the organization itself. It is possible, in such industries as transportation or retail trade, for those lacking University degrees to become managers by working their way up (Shea, 2010). Upward advancement can be sped up by fetching part in training programs within the company to gain more knowledge in operations and policy. The manager can also help their career towards top executive positions by familiarizing themselves with caution techniques in programs, which are sponsored by various trade a ssociations and the industry. Executive development programs can also drive on the promotion of managers to higher executive positions, for managers with experience in fields such as engineering and accounting. promotion to top executive positions, for instance executive vice president, can occur for general managers if they take up a similar position in other firms or their own firms. Executive officers also a good deal gain board membership at one firm or more or hitherto as chair of the director board. Finally, a top executive may form their own firms or take up independent consultant jobs (Shea, 2010). Trends The career of top executive positions has evolved because of interpolates in the management structure, age, and surface of companies. Compared to 1980, only 20% of companies that were in the Fortune 100 list were still in it in 2010 (Shea, 2010). This highlights the modify to a service economy in the US. The rise of the financial service sector and a interchangeable drop in the manufacturing sector is especially striking. There is also a flattening of corporate hierarchies with significant change in distribution of job responsibility among executive positions between 1980 and 2010Most companies now have 3 tiers, i.e. VP level, EVP level, and CEO. pump and top tier positions declined by 5% and 6% respectively with lower tier positions expanding by 10%, which supports the idea of corporate hierarchy flattening (Shea, 2010). payment Information In the American economy, top executives earn among the highest salaries. Salary levels, however, vary with the level of responsibility, location, size, and type of the company, and length of service. In May 2011, the average annual earnings for operations and general managers were $77,200. The median 50% earned from $52,000 and $118,000 (Forbes & Piercy, 2011). Earnings between operations and general executives vary importantly based on specific responsibility. Median earnings per year for industries tha t had a high representation for operations and general executives in May 2011 were Computer systems design and related services $117,730 Management of companies and enterprises $99,670 Building equipment contractors $83,080 down payment credit intermediation $76,060 Local government $68,590 Chief executive Earnings ranged around $140, 400 in 2010 with salaries varying by industry and level and type of responsibility. Executives in non-profit sectors ranged from lows of $88,006 and $700,000, as well as dividends, armoury options and other