A company director occupies a key position in upper management. They will typically oversee all functions within a specific area of a business, for example human resources, IT, sales or finance. A company director plans and implements their department's strategies and also helps form the company's overall strategic decisions. They also ensure that their department works well alongside others in the business in order to achieve the company's goals.
Directors are held responsible for all aspects of their department's success. As such, they often receive high salaries in addition to other perks including generous pensions and stock options. Typical salaries for directors vary from industry to industry. Financial directors can command from around £40,000 a year to more than £100,000. Directors of IT departments generally make around £80,000 per year.
Directors perform a wide variety of functions. They are responsible for developing business strategies, hiring staff, protecting the company's reputation and driving business growth. They strive to maintain professional working practices, meet financial targets, motivate staff and manage company budgets. Important skills include:
- Good communication skills
- Excellent leadership skills
- Managerial experience
- Strategic planning and forecasting
- Ability to juggle multiple projects