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Business director hiring summary. Here are some key points about hiring business directors in the United States:
Here's a step-by-step business director hiring guide:
Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.
Before you start hiring a business director, 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.
You should also consider the ideal background you'd like them a business director to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a business director that fits the bill.
The following list breaks down different types of business directors and their corresponding salaries.
| Type of Business Director | Description | Hourly rate |
|---|---|---|
| Business Director | Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations. | $41-85 |
| Director Of Operations And Finance | A director of operations and finance is in charge of overseeing and spearheading business and financial operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around performing research and analysis to identify the best practices to optimize operations, coordinating with different departments to gather data, conducting research and analysis to identify new business and investment opportunities, and monitoring the progress of various projects and programs... Show more | $37-87 |
| Director Of Sales & Business Development | A director of sales business development is responsible for monitoring the business and project plans, ensuring that the sales targets are met, according to project requirements and specifications. Directors of sales business development perform data analysis to track business performance and identify opportunities to grow revenues and profits... Show more | $18-84 |
Including a salary range in your business director job description helps attract top candidates to the position. A business director 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 director in West Virginia may be lower than in Rhode Island, and an entry-level business director usually earns less than a senior-level business director. Additionally, a business director 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 | Rhode Island | $158,782 | $76 |
| 2 | District of Columbia | $153,329 | $74 |
| 3 | California | $145,802 | $70 |
| 4 | New York | $143,638 | $69 |
| 5 | Delaware | $136,630 | $66 |
| 6 | Massachusetts | $136,224 | $65 |
| 7 | New Jersey | $134,341 | $65 |
| 8 | Washington | $131,644 | $63 |
| 9 | Virginia | $131,512 | $63 |
| 10 | Colorado | $124,375 | $60 |
| 11 | Connecticut | $123,526 | $59 |
| 12 | North Carolina | $119,780 | $58 |
| 13 | Maryland | $117,421 | $56 |
| 14 | Illinois | $115,038 | $55 |
| 15 | Minnesota | $110,070 | $53 |
| 16 | Michigan | $108,990 | $52 |
| 17 | Pennsylvania | $106,153 | $51 |
| 18 | Texas | $105,512 | $51 |
| 19 | Louisiana | $104,960 | $50 |
| 20 | Arizona | $103,823 | $50 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Ep Energy | $199,365 | $95.85 | |
| 2 | Roku | $196,382 | $94.41 | 9 |
| 3 | Meta | $191,340 | $91.99 | 120 |
| 4 | $185,397 | $89.13 | 131 | |
| 5 | Lyft | $183,953 | $88.44 | 5 |
| 6 | VMware | $183,111 | $88.03 | |
| 7 | Citi | $174,201 | $83.75 | 94 |
| 8 | TBWA Worldwide | $174,073 | $83.69 | |
| 9 | ViacomCBS | $167,802 | $80.67 | |
| 10 | Harley-Davidson | $162,665 | $78.20 | 1 |
| 11 | Juniper Networks | $162,599 | $78.17 | |
| 12 | Didi Chuxing | $160,814 | $77.31 | |
| 13 | Wpp Us Holdings Inc | $159,006 | $76.45 | 41 |
| 14 | BNY Mellon | $158,350 | $76.13 | 175 |
| 15 | AlixPartners | $158,322 | $76.12 | 2 |
| 16 | The Walt Disney Company | $157,853 | $75.89 | 31 |
| 17 | Microsoft | $157,647 | $75.79 | 92 |
| 18 | Montefiore Mount Vernon Hospital | $157,590 | $75.76 | 6 |
| 19 | Maxim Integrated | $156,531 | $75.26 | |
| 20 | Silicon Valley Bank | $156,227 | $75.11 |
A job description for a business director role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a business director job description:
To find business directors for your business, try out a few different recruiting strategies:
Recruiting business directors requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
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 have selected a candidate for the business director position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new business director. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
There are different types of costs for hiring business directors. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new business director employee.
The median annual salary for business directors is $124,563 in the US. However, the cost of business director hiring can vary a lot depending on location. Additionally, hiring a business director for contract work or on a per-project basis typically costs between $41 and $85 an hour.