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Business information analyst hiring summary. Here are some key points about hiring business information analysts in the United States:
Here's a step-by-step business information analyst hiring guide:
Business information analysts evaluate and recommend improvements to the company's information technology systems. They assist in identifying the best technological solutions in analyzing business information and engage in IT projects, from development to execution. They work closely with stakeholders to better understand the company's operational issues and to develop technology systems to resolve them. A business information analyst is also responsible for preparing reports for senior management, facilitating and conducting quality training to customers, and overseeing the database for customer purchase orders.
First, determine the employments status of the business information analyst you need to hire. Certain business information analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
You should also consider the ideal background you'd like them a business information analyst 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 information analyst that fits the bill.
This list presents business information analyst salaries for various positions.
| Type of Business Information Analyst | Description | Hourly rate |
|---|---|---|
| Business Information Analyst | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $25-47 |
| Staff Analyst | Staff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have... Show more | $34-65 |
| Reporting Analyst | As a reporting analyst, you are responsible for collecting relevant reports, analyzing raw data, writing, and delivering executive-ready qualitative and/or quantitative reports as per clients' requirements. The results collected will be communicated to managers or clients, who will then provide suggestions based on their findings... Show more | $26-45 |
Including a salary range in your business information analyst job description is one of the best ways to attract top talent. A business information analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $91,887 | $44 |
| 2 | California | $90,149 | $43 |
| 3 | Oregon | $89,813 | $43 |
| 4 | Washington | $86,775 | $42 |
| 5 | Massachusetts | $83,457 | $40 |
| 6 | North Carolina | $82,775 | $40 |
| 7 | Connecticut | $80,306 | $39 |
| 8 | New York | $79,814 | $38 |
| 9 | Maryland | $79,214 | $38 |
| 10 | Illinois | $77,968 | $37 |
| 11 | Colorado | $77,095 | $37 |
| 12 | Wisconsin | $76,804 | $37 |
| 13 | District of Columbia | $76,047 | $37 |
| 14 | Virginia | $75,545 | $36 |
| 15 | Pennsylvania | $72,363 | $35 |
| 16 | Texas | $70,335 | $34 |
| 17 | Michigan | $70,012 | $34 |
| 18 | Missouri | $69,826 | $34 |
| 19 | Georgia | $69,368 | $33 |
| 20 | Utah | $67,975 | $33 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $120,409 | $57.89 | 459 |
| 2 | Saks Fifth Avenue | $111,231 | $53.48 | 1 |
| 3 | Intuitive Surgical | $111,069 | $53.40 | 7 |
| 4 | Bunge | $106,746 | $51.32 | 4 |
| 5 | Cargill | $103,507 | $49.76 | 15 |
| 6 | Pacific Investment Management Company LLC | $102,444 | $49.25 | 5 |
| 7 | Ross Stores | $100,686 | $48.41 | 34 |
| 8 | Kemper | $95,737 | $46.03 | 23 |
| 9 | AIG | $95,084 | $45.71 | 20 |
| 10 | Arkema | $95,022 | $45.68 | 1 |
| 11 | Grandbridge Real Estate Capital | $94,943 | $45.65 | 116 |
| 12 | CenterPoint Energy | $93,810 | $45.10 | |
| 13 | HSBC Bank | $93,555 | $44.98 | 4 |
| 14 | PACCAR | $92,687 | $44.56 | 2 |
| 15 | Nomura Securities | $92,378 | $44.41 | 28 |
| 16 | EPAM Systems | $90,870 | $43.69 | 24 |
| 17 | Crum & Forster | $90,654 | $43.58 | 4 |
| 18 | TD Bank | $90,577 | $43.55 | 81 |
| 19 | Shiseido | $89,869 | $43.21 | |
| 20 | Capital Group | $89,732 | $43.14 | 8 |
A business information analyst 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 information analyst job description:
To find the right business information analyst for your business, consider trying out a few different recruiting strategies:
Your first interview with business information analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to 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 information analyst 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 information analyst. 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.
Recruiting business information analysts 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 $72,633 per year for a business information analyst, 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 information analysts in the US typically range between $25 and $47 an hour.