Research Summary. Some key points about hiring a business leaders in the United States include:
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.
To hire a business leader, you should create an ideal candidate profile, determine a budget, and post and promote your job. Here's a step-by-step guide on how to hire a business leader:
The first step to find business leaders for hire is determining what type of worker you actually need. Certain roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Before you hire a business leader, you should also consider the ideal background you'd like them to have. For example, what industry or field they have experience in, what level of seniority or education the job requires, and how much it'll cost to hire a candidate that fits the bill.
The list breaks down common business leader roles and compares their 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 |
Before you draft a business leader job description, imagine the ideal employee for the role and begin creating a profile. What are they proficient in and what sort of background do they have?
Business leaders typically have the following skills:
Here are the responsibilities that most business leaders perform:
Cultural fit is also an essential factor that you shouldn't overlook. Consider how your perfect business leader will contribute to the team dynamic and help grow the team's culture in a positive way. If you can include a clear vision of this in your business leader job description, it'll help attract candidates who are better suited for the position.
Rank # | State | # Of Jobs | % of Population | Avg. Salary |
---|---|---|---|---|
1 | Pennsylvania | 3,937 | 31% | $94,975 |
2 | Massachusetts | 2,195 | 32% | $87,505 |
3 | Ohio | 1,712 | 15% | $68,108 |
4 | Washington | 1,638 | 22% | $119,270 |
5 | Minnesota | 1,266 | 23% | $76,491 |
Including a salary range in your job description is a great way to entice the best and brightest candidates. A business leader salary can vary based on several factors:
Rank | State | Avg. Salary | Hourly Rate | Job Count |
---|---|---|---|---|
1 | New York | $124,329 | $60 | 22 |
2 | Washington | $121,241 | $58 | 6 |
3 | California | $111,304 | $54 | 15 |
4 | New Jersey | $110,095 | $53 | 2 |
5 | Delaware | $96,882 | $47 | 4 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Lyft | $151,018 | $72.60 | |
2 | Meta | $150,704 | $72.45 | 7 |
3 | TBWA Worldwide | $150,642 | $72.42 | 1 |
4 | World Fuel Services | $149,341 | $71.80 | 3 |
5 | Control Risks | $149,061 | $71.66 | 7 |
6 | Devon Energy | $149,012 | $71.64 | |
7 | Airbnb | $146,766 | $70.56 | |
8 | Credit Suisse | $145,783 | $70.09 | 1 |
9 | Apple | $145,538 | $69.97 | 1,352 |
10 | $145,423 | $69.91 | 81 | |
11 | DoorDash | $141,045 | $67.81 | 36 |
12 | Biogen | $137,041 | $65.89 | 597 |
13 | PayPal | $136,711 | $65.73 | 36 |
14 | AstraZeneca | $136,548 | $65.65 | 33 |
15 | Accenture | $136,513 | $65.63 | 410 |
16 | DTCC | $135,465 | $65.13 | 5 |
17 | UST Global | $134,356 | $64.59 | 6 |
18 | Postmates | $134,005 | $64.43 | |
19 | SoFi | $133,723 | $64.29 | 8 |
20 | Airtable | $133,337 | $64.10 | 2 |
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:
Post your job online:
Recruiting business leaders involves bringing your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they introduce 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.
Don't forget to include a few questions that give a candidate chance to expand on their strengths in their own words. Asking about their special skills might reveal things you'd miss otherwise. At this point, candidates who are good enough 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 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. It is important to make sure that your offer is competitive, 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. Employee Action Forms should be completed by Human Resources and the hiring manager. 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.