Senior Managers are responsible for the overall operations and profitability of a company or institution. Their goal is to maximize this organization’s efficiency, productivity, and performance, by making sure all operations are running smoothly.
Senior Managers coordinate all business activities, meaning they are in charge of overseeing employee performance and budget control, establishing guidelines and objectives, and ensuring things are getting done in an efficient, organized, cost-efficient, and safe manner.
Senior Managers may be employed in a broad variety of industries throughout the public and private sectors. They usually specialize in a particular area or field, such as Finance, Marketing, Human Resources, or Sales. Understandably, their responsibilities will vary accordingly, but will also depend on the organization’s type, size, and location. They may oversee the activities of a single division or department or they may manage an entire organization by themselves, sometimes working in conjunction with a board of directors.
Here’s a non-exhaustive list of common tasks Senior Managers are required to complete.
- Planning the organizational activities by establishing tasks, objectives, and priorities:
- Creating a detailed action plan by mapping out the necessary steps and organizing them into a logical pattern;
- determining measurable organizational goals and defining ways to achieve them;
- setting explicit guidelines for decision-making and crisis management; and
- communicating the organization’s direction and vision to employees.
- Developing, implementing, coordinating, reviewing, evaluating, and improving business procedures and policies, as well as organizational activities and initiatives:
- Formulating, approving, and implementing organizational policies, programs, and other internal campaigns;
- determining how resources should be distributed, ensuring the right amount of work is assigned to the right number of people within the right department(s); and
- providing directions and explanations, delegating authority as required.
- Monitoring and controlling project progress, objectives, and costs against the established schedule and budget:
- Identifying problems and deficiencies, ensuring necessary corrective measures are implemented.
- Controlling budgets, liaising with partners and investors, as well as collaborating with the Sales, Marketing, and Accounting departments to discuss strategies and ensure the financial and overall success of the organization’s projects:
- Reviewing and interpreting budgetary information and financial data;
- monitoring expenses and performing cost-benefit analysis;
- assessing and managing financial risks; and
- ensuring financial accounting and auditing comply with applicable law.
- Overseeing the human activity of all departments, authorizing and organizing the establishment of major departments and associated positions:
- Selecting managers, directors, and other executive staff;
- training, supervising, and managing staff, or instructing the Human Resources department to do so;
- setting guidelines and standards for personnel evaluations, recruitment, and advancement;
- monitoring employee performance, writing reports and updating records, as required; and
- planning work schedules, if necessary.
- Building relationships with both internal and external parties:
- Communicating, motivating, and inspiring employees;
- gaining influence, trust, and credibility within the organization to build and help foster collaborative work relationships;
- liaising with external companies and other third parties; and
- representing the organization, or delegating representatives to act on their behalf, in negotiations, networking events, Public Relations activities, or other official functions.
- Overseeing the internal and external event organization and coordination, including promotional events.
- Overseeing the maintenance of equipment:
- Scheduling periodic inspections, maintenance, repairs, and renovation work.
- Dealing with problems as and when they arise so as to ensure the organization is running smoothly and effectively:
- Advising the Human Resources department on how to handle complaints and inquiries, assisting with conflict resolution, when necessary.
- Planning, organizing, directing, and evaluating all business activities, ensuring they meet the organization’s goals, objectives, and regulations.
- Monitoring budgets and progress for all projects and activities.
- Developing, implementing, and updating procedures and policies.
- Overseeing the organization’s human activity, including the training, management, and evaluation of employees.
- Liaising with employees, external companies, partners, and other third parties, representing the organization or delegating representatives to act on their behalf.
The average Senior Manager salary is $108,239 per year or $56 per hour. This is around 3.3 times more than the Median wage of the country. Entry level positions start at $76,000 while most experienced workers make up to $152,000. These results are based on 537 salaries extracted from job descriptions.