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Business development representative hiring summary. Here are some key points about hiring business development representatives in the United States:
Here's a step-by-step business development representative hiring guide:
A business development representative's role is to find new business and client opportunities through market research and networking. They are primarily responsible for participating in creating strategies to enhance client relations, improve sales, and reach out to potential clients through calls, correspondence, and meetings. Moreover, it is also their responsibility to perform follow-up calls, offer recommendations, and even build rapport to strengthen client base. As a representative, it is essential to coordinate with managers and supervisors and adhere to policies and regulations.
Before you start hiring a business development representative, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect business development representative also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of business development representative salaries for various roles:
Type Of Business Development Representative | Description | Hourly Rate |
---|---|---|
Business Development Representative | $12-39 | |
Sales Representative Internship | In a sales representative internship, an intern's duties depend on the directives of a supervising staff or manager. Typically, they are responsible for gaining industry insights while performing clerical tasks such as preparing and processing documents, greeting visitors, disseminating and organizing files, and running errands as needed... Show More | $12-20 |
National Account Representative | A national account representative plays a pivotal role in managing client relationships. These professionals manage relationships for high-value customers, especially those who invest vast amounts in the company or those who have stayed in the organization for an extended period... Show More | $14-30 |
Including a salary range in your business development representative job description helps attract top candidates to the position. A business development representative salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a business development representative in Alabama may be lower than in Alaska, and an entry-level business development representative usually earns less than a senior-level business development representative. Additionally, a business development representative with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | California | $61,921 | $30 |
2 | New Jersey | $58,479 | $28 |
3 | Oregon | $58,072 | $28 |
4 | Washington | $56,297 | $27 |
5 | District of Columbia | $54,220 | $26 |
6 | Virginia | $53,319 | $26 |
7 | New York | $52,581 | $25 |
8 | Pennsylvania | $51,557 | $25 |
9 | Nevada | $50,805 | $24 |
10 | Maryland | $50,747 | $24 |
11 | Kansas | $49,412 | $24 |
12 | Arizona | $49,334 | $24 |
13 | Massachusetts | $48,346 | $23 |
14 | Utah | $47,305 | $23 |
15 | Michigan | $46,777 | $22 |
16 | Texas | $46,541 | $22 |
17 | Illinois | $46,371 | $22 |
18 | South Carolina | $45,556 | $22 |
19 | North Carolina | $45,402 | $22 |
20 | Georgia | $44,871 | $22 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Wipro Limited | $118,737 | $57.09 | 6 |
2 | Cirrus Aircraft | $116,262 | $55.90 | 6 |
3 | Mintz | $108,959 | $52.38 | |
4 | Better | $106,118 | $51.02 | 3 |
5 | Cloudflare | $104,156 | $50.08 | 35 |
6 | $103,652 | $49.83 | 82 | |
7 | Zoho | $103,573 | $49.79 | 3 |
8 | Vista Equity Partners | $101,602 | $48.85 | 8 |
9 | Databricks | $100,815 | $48.47 | 27 |
10 | Element Fleet Management | $97,407 | $46.83 | 11 |
11 | Belkin | $94,008 | $45.20 | |
12 | SMUD | $91,912 | $44.19 | |
13 | PagerDuty | $90,291 | $43.41 | 6 |
14 | Lenovo | $88,775 | $42.68 | 72 |
15 | Platinum Real Estate | $88,414 | $42.51 | |
16 | Snowflake Computing | $86,051 | $41.37 | 64 |
17 | Riverbed Holdings, Inc. | $83,911 | $40.34 | 2 |
18 | Scality | $80,698 | $38.80 | |
19 | Crowe | $78,491 | $37.74 | 5 |
20 | Continental Resources | $77,834 | $37.42 |
A business development representative job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a business development representative job description:
To find business development representatives for your business, try out a few different recruiting strategies:
During your first interview to recruit business development representatives, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best business development representative candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new business development representative first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting business development representatives involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $47,240 per year for a business development representative, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for business development representatives in the US typically range between $12 and $39 an hour.