A company is as good as its employees. However, it’s not enough to have competent people running the business. The key to any company’s success is to have the right people in the right positions. Imagine having a unique product with great quality, but you don’t have anyone in your team to market it to the target audience for which it is. What a waste of an idea and resources!
So, whether it’s a startup or a mature business, the following are some key roles that every company needs to fill in pronto.
1. Management-level positions
The team of managers works as the middlemen between executive position holders and employees. Managerial-level positions are important for overseeing teams and business operations.
The bottom line for any company is to make money. A sales manager fishes for leads and investment opportunities for the company. Without their skills in selling the company’s products and use managed it services melbourne, you might as well call it quits. It might take some time and effort for a sales manager to deliver results, but it’s worth it. A competent sales manager who knows how to close deals and generate new leads at the back of his hand is a must-have for your business.
You’ve got someone who can sell your product to clients, but what about how, when, and what will you deliver to people? This is where product management roles come in to save the day because professionals occupying related positions deal with everything there is to know about your product. A product manager will streamline processes related to product vision, strategy, and development, analyze, and even assess various aspects related to marketing and manufacturing, This person is essentially your go-to for anything related to the company’s products and services.
Chief marketing officer
Every company needs a visionary who can ensure that the company’s goals and vision are reaching the right audience. This is where the skills and knowledge of a CMO play an important role in making those larger-than-life marketing campaigns, keeping marketing teams in check, and even churning out marketing budgets for core company projects. A CMO is the brains behind a company’s marketing strategies, and in no way can this position be left out or micromanaged by other people who can’t give their 100% for the role.
2. Executive level positions
Executive positions are the top-level roles in a company that are only entrusted to exceptional individuals.
Chief executive officer
The CEO is essentially the leader of the pack. Even though CEOs are surrounded by top-notch teams giving their input, in the end, the CEO calls the shots. Without this role, a company is a body without a head. When the top personnel structure the rest of the hierarchy, the transition and operations become smooth, even if you’re a novice. The CEO has absolute authority over every employee of the company, even the other C-suite executives. Therefore, it is imperative that the person filling this position is an effective leader and prioritizes organizational growth.
Chief technical officer
The number one mistake that any startup can make, especially tech companies, is not emphasizing the role of a chief technical officer. A CTO is almost like a CEO but with all the technical knowledge and skills. The person in this role is responsible for making those important decisions crucial for the Business Plan model and future growth. A CTO’s position is an amalgamation of a technical head and manager overseeing the integration of technological trends.
Chief financial officer
Most startups might opt to outsource their financial responsibilities, but having a dedicated in-house financial position is good for business. A CFO manages money to the last penny. They are responsible for managing all aspects of money, whether it’s auditing, leasing, loss/profit, or even securing bank loans. A CFO’s position is crucial because, without money, no company can make or sell products. CFOs look after the assets of the company, its expenses, investment opportunities, revenue, and funding opportunities.
3. Operational-level positions
Professional roles falling under this category are a level down from managerial positions and include more ground-level personnel.
Human resource manager
Every successful business or company needs a skillful team that adds value to the organization’s vision. Hiring the right employees is an extensive process, and no one can do it better than a human resource manager. People in this position are skilled in onboarding the best candidates for the job. They not only conduct interviews and oversee the recruitment process but also work to solve internal issues related to the staff. An HR manager is a liaison between the employees and top management.
No business can thrive without relying on improvisation, and that’s something only an expert can determine. Professionals hired for this position are responsible for analyzing the company’s internal workings, business plan, and structure to develop strategies and policies for improving the process. A business analyst authenticates the validity of a company’s products and growth, tracks performance, studies market trends, and uses all these factors to help devise the best path for the business.
Micromanaging is a big no-no, even if it’s a startup. Roles must be designated immediately, even if it includes something as straightforward as a receptionist’s job. Carrying out day-to-day tasks such as being the first point of contact for clients, answering calls, sending out emails, and managing schedules all fall under administrative duties. Administrative assistants, officers, and receptionists are all integral roles that must be filled for consistent operations. These personnel ensure executive-level staff isn’t congested with small tasks.
Businesses and companies without a proper hierarchy often quickly spiral down the path of failure. Whether it’s your venture or another expansion project, hiring the right professionals for crucial positions within the company is unavoidable. No matter the time, effort, and money, all businesses should at least fill the above-mentioned positions.