What Owners Do
Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.
In this section, we take a look at the annual salaries of other professions. Take owner for example. On average, the owners annual salary is $11,572 higher than what state directors make on average every year.
While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both state directors and owners positions are skilled in business development, human resources, and special events.
These skill sets are where the common ground ends though. A state director responsibility is more likely to require skills like "oversight," "public policy," "government officials," and "phone calls." Whereas a owner requires skills like "customer service," "payroll," "company website," and "own business." Just by understanding these different skills you can see how different these careers are.
Owners really shine in the technology industry with an average salary of $118,455. Whereas state directors tend to make the most money in the health care industry with an average salary of $88,952.
On average, owners reach lower levels of education than state directors. Owners are 22.2% less likely to earn a Master's Degree and 5.5% less likely to graduate with a Doctoral Degree.
What Are The Duties Of a Chief Of Staff?
A chief of staff primarily supports an executive through performing various administrative tasks. Most of their responsibilities revolve around collaborating with other executive support personnel to devise strategies that will help the company, responding to inquiries and correspondence, approving communications letters, managing schedules, setting appointments, and serving as an advisor to the executive. Furthermore, when it comes to issues and disputes, the chief of staff must be quick to conduct research and perform damage control to help the executive and the company rise from the occasion.
Next up, we have the chief of staff profession to look over. This career brings along a higher average salary when compared to a state director annual salary. In fact, chiefs of staff salary difference is $43,114 higher than the salary of state directors per year.
Not everything about these jobs is different. Take their skills, for example. State directors and chiefs of staff both include similar skills like "oversight," "government officials," and "federal agencies" on their resumes.
In addition to the difference in salary, there are some other key differences that are worth noting. For example, state director responsibilities are more likely to require skills like "public policy," "phone calls," "state level," and "medicaid." Meanwhile, a chief of staff might be skilled in areas such as "ensure compliance," "project management," "strategic initiatives," and "special projects." These differences highlight just how different the day-to-day in each role looks.
Chiefs of staff may earn a higher salary than state directors, but chiefs of staff earn the most pay in the hospitality industry with an average salary of $141,669. On the other side of things, state directors receive higher paychecks in the health care industry where they earn an average of $88,952.
When it comes to the differences in education between the two professions, chiefs of staff tend to reach similar levels of education than state directors. In fact, they're 1.7% more likely to graduate with a Master's Degree and 5.5% more likely to earn a Doctoral Degree.
How a Chief Operating Officer Compares
A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO. Among their duties include developing strategies and guidelines, reviewing reports, performing assessments, and implementing the company's policies, standards, and regulations. Additionally, they lead and empower staff to reach goals, helping solve issues and concerns when any arise.
Let's now take a look at the chief operating officer profession. On average, these workers make higher salaries than state directors with a $62,659 difference per year.
By looking over several state directors and chief operating officers resumes, we found that both roles utilize similar skills, such as "oversight," "business development," and "medicaid." But beyond that the careers look very different.
As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from state directors resumes, they are more likely to have skills like "public policy," "government officials," "phone calls," and "federal agencies." But a chief operating officer might have skills like "procedures," "healthcare," "facility," and "customer service."
Additionally, chief operating officers earn a higher salary in the hospitality industry compared to other industries. In this industry, they receive an average salary of $133,761. Additionally, state directors earn an average salary of $88,952 in the health care industry.
Chief operating officers typically study at similar levels compared with state directors. For example, they're 1.6% more likely to graduate with a Master's Degree, and 2.4% more likely to earn a Doctoral Degree.
Description Of a President/Chief Executive Officer
Considered as the highest authority in a company, a president/chief executive officer is in charge of leading the company by implementing corporate decisions and shaping the organization to its fullest extent. They must craft strategic plans and guidelines, enforce policies and standards, direct the vision and mission, and address the public as the head of the company. Furthermore, a president/chief executive officer must maintain an active line of communication at all times as they must report to a board of directors and coordinate with other company employees.
President/chief executive officers tend to earn a higher pay than state directors by about $149,803 per year.
According to resumes from both state directors and president/chief executive officers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "oversight," "federal agencies," and "business development. "
While some skills are shared by these professions, there are some differences to note. "public policy," "government officials," "phone calls," and "professional development" are skills that have shown up on state directors resumes. Additionally, president/chief executive officer uses skills like revenue growth, product development, ceo, and start-up on their resumes.
Now, let's take a closer look at the financials in each career. The technology industry tends to pay more for president/chief executive officers with an average of $123,363. While the highest state director annual salary comes from the health care industry.
President/chief executive officers reach similar levels of education when compared to state directors. The difference is that they're 4.1% more likely to earn a Master's Degree less, and 1.0% less likely to graduate with a Doctoral Degree.