Check your attitude towards money
Posted: Sat Feb 01, 2025 10:08 am
One way to assess the true attitude of someone in a leadership position, such as a COO, is to look at their attitude toward money.
Attitude to money
Source: shutterstock.com
However, the financial agreement may vary and depends on many aspects, such as the employee's experience, company turnover, number of employees and areas. When considering finances, you can base it on the candidate's previous income: as a rule, it is offered 15-30% higher. If we are talking about hiring from the open market, then the offer may be the same as the previous salary or even a little lower. It is important to consider what components the salary will consist of and what the candidate's opinion is on this matter.
Typically, the COO's salary sweden email list consists of two parts: a fixed salary and a bonus for achieving key performance indicators (KPIs). If the candidate is more interested in receiving only a fixed salary, without paying much attention to the bonus for KPIs, this may be a warning sign. They probably do not believe in the success of the company and plan to receive the bulk of their income only from a fixed salary.
Usually, the director's salary is made up of two parts: a fixed rate and a bonus. However, this does not mean that you should offer the manager only a fixed minimum wage (MW), and the rest - as it goes or in the form of a bonus. Usually, in companies, the salary is 70% of the total earnings, and the rest depends on the achievement of KPI. A quarterly or annual bonus for good results can also be offered. If the manager pays attention only to the fixed rate, and loses sight of the KPI, this can be considered an unsuccessful choice for the COO.
Briefly about the main thing
Executive search requires a comprehensive approach and a variety of strategies.
When choosing a potential manager, it is important to pay attention not only to professional skills, but also to personal qualities that correspond to the corporate culture.
To attract talented top managers, companies must offer attractive conditions.
Effective methods include working with recruiting agencies, searching within the company, and job search websites and apps.
Download a useful document on the topic:
Checklist: How to Achieve Your Goals in Negotiations with Clients
Frequently Asked Questions About Director Search
Finding a truly worthy, conscientious leader and a true specialist is a serious and responsible process that is of key importance for the future of the company.
Based on this, before starting the search, it is necessary to clearly define the goals and objectives, understand what needs need to be met, and how all this relates to the possibilities. This is what will determine the most effective places and methods for searching for a manager in your particular case.
Attitude to money
Source: shutterstock.com
However, the financial agreement may vary and depends on many aspects, such as the employee's experience, company turnover, number of employees and areas. When considering finances, you can base it on the candidate's previous income: as a rule, it is offered 15-30% higher. If we are talking about hiring from the open market, then the offer may be the same as the previous salary or even a little lower. It is important to consider what components the salary will consist of and what the candidate's opinion is on this matter.
Typically, the COO's salary sweden email list consists of two parts: a fixed salary and a bonus for achieving key performance indicators (KPIs). If the candidate is more interested in receiving only a fixed salary, without paying much attention to the bonus for KPIs, this may be a warning sign. They probably do not believe in the success of the company and plan to receive the bulk of their income only from a fixed salary.
Usually, the director's salary is made up of two parts: a fixed rate and a bonus. However, this does not mean that you should offer the manager only a fixed minimum wage (MW), and the rest - as it goes or in the form of a bonus. Usually, in companies, the salary is 70% of the total earnings, and the rest depends on the achievement of KPI. A quarterly or annual bonus for good results can also be offered. If the manager pays attention only to the fixed rate, and loses sight of the KPI, this can be considered an unsuccessful choice for the COO.
Briefly about the main thing
Executive search requires a comprehensive approach and a variety of strategies.
When choosing a potential manager, it is important to pay attention not only to professional skills, but also to personal qualities that correspond to the corporate culture.
To attract talented top managers, companies must offer attractive conditions.
Effective methods include working with recruiting agencies, searching within the company, and job search websites and apps.
Download a useful document on the topic:
Checklist: How to Achieve Your Goals in Negotiations with Clients
Frequently Asked Questions About Director Search
Finding a truly worthy, conscientious leader and a true specialist is a serious and responsible process that is of key importance for the future of the company.
Based on this, before starting the search, it is necessary to clearly define the goals and objectives, understand what needs need to be met, and how all this relates to the possibilities. This is what will determine the most effective places and methods for searching for a manager in your particular case.