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Business leader hiring summary. Here are some key points about hiring business leaders in the United States:
Here's a step-by-step business leader hiring guide:
Business Leaders are considered trailblazers in their field. They are innovative thinkers who often introduce solutions to their industry's challenges. They inspire people pursuing careers in their field and even those outside the industry to strive harder and create their paths to success. Employees often look up to Business Leaders, which is why they must be motivating. They also oversee their business operations and often set long-term targets and strategies to achieve these targets. They think outside the box to set their business apart from their competitors.
First, determine the employments status of the business leader you need to hire. Certain business leader 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 leader 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 leader that fits the bill.
The following list breaks down different types of business leaders and their corresponding salaries.
| Type of Business Leader | Description | Hourly rate |
|---|---|---|
| Business Leader | 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. | $26-69 |
| Process Improvement Manager | Process Improvement Managers oversee the operational processes of the company. These processes are usually related to production, sales, marketing, human resources, or finance... Show more | $38-65 |
| Director Of Business Operations | The position of a director of business operations involves the direction and coordination of an organization. It is the main responsibility of the directors of operations to oversee the profitability and overall growth of their organization... Show more | $32-87 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $124,329 | $60 |
| 2 | Washington | $121,241 | $58 |
| 3 | California | $111,304 | $54 |
| 4 | New Jersey | $110,095 | $53 |
| 5 | Delaware | $96,882 | $47 |
| 6 | District of Columbia | $96,677 | $46 |
| 7 | Pennsylvania | $95,239 | $46 |
| 8 | Rhode Island | $93,282 | $45 |
| 9 | Illinois | $92,284 | $44 |
| 10 | Massachusetts | $87,715 | $42 |
| 11 | Colorado | $86,790 | $42 |
| 12 | Wisconsin | $85,991 | $41 |
| 13 | Virginia | $83,941 | $40 |
| 14 | Arizona | $77,160 | $37 |
| 15 | Minnesota | $76,660 | $37 |
| 16 | Maryland | $76,597 | $37 |
| 17 | North Carolina | $73,897 | $36 |
| 18 | Nebraska | $72,905 | $35 |
| 19 | Texas | $71,498 | $34 |
| 20 | Ohio | $66,650 | $32 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Lyft | $151,018 | $72.60 | 10 |
| 2 | Meta | $150,704 | $72.45 | 172 |
| 3 | TBWA Worldwide | $150,642 | $72.42 | |
| 4 | World Fuel Services | $149,341 | $71.80 | 1 |
| 5 | Control Risks | $149,061 | $71.66 | |
| 6 | Devon Energy | $149,012 | $71.64 | 2 |
| 7 | Airbnb | $146,766 | $70.56 | 3 |
| 8 | Credit Suisse | $145,783 | $70.09 | |
| 9 | Apple | $145,538 | $69.97 | 29 |
| 10 | $145,423 | $69.91 | 107 | |
| 11 | DoorDash | $141,045 | $67.81 | 60 |
| 12 | Biogen | $137,041 | $65.89 | 7 |
| 13 | PayPal | $136,711 | $65.73 | 21 |
| 14 | AstraZeneca | $136,548 | $65.65 | 9 |
| 15 | Accenture | $136,513 | $65.63 | 1,327 |
| 16 | DTCC | $135,465 | $65.13 | 12 |
| 17 | UST Global | $134,356 | $64.59 | |
| 18 | Postmates | $134,005 | $64.43 | |
| 19 | SoFi | $133,723 | $64.29 | 26 |
| 20 | Airtable | $133,337 | $64.10 | 1 |
A job description for a business leader 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 leader job description:
To find business leaders for your business, try out a few different recruiting strategies:
Recruiting business leaders 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.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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 leader 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.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
After that, you can create an onboarding schedule for a new business leader. 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 leaders. 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 leader employee.
You can expect to pay around $90,430 per year for a business leader, 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 leaders in the US typically range between $26 and $69 an hour.