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Business services vice president hiring summary. Here are some key points about hiring business services vice presidents in the United States:
Here's a step-by-step business services vice president hiring guide:
First, determine the employments status of the business services vice president you need to hire. Certain business services vice president roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A business services vice president's background is also an important factor in determining whether they'll be a good fit for the position. For example, business services vice presidents from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of business services vice president salaries for various roles:
| Type of Business Services Vice President | Description | Hourly rate |
|---|---|---|
| Business Services Vice President | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $52-101 |
| Credit Manager | A credit manager is a professional who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses... Show more | $18-57 |
| Accounts Receivable Manager | An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time... Show more | $20-54 |
Including a salary range in your business services vice president job description helps attract top candidates to the position. A business services vice president 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 services vice president in South Carolina may be lower than in Montana, and an entry-level business services vice president usually earns less than a senior-level business services vice president. Additionally, a business services vice president 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 | Washington | $172,305 | $83 |
| 2 | New York | $166,858 | $80 |
| 3 | Massachusetts | $162,391 | $78 |
| 4 | New Jersey | $155,940 | $75 |
| 5 | Virginia | $154,830 | $74 |
| 6 | California | $153,673 | $74 |
| 7 | Texas | $150,820 | $73 |
| 8 | Georgia | $145,113 | $70 |
| 9 | Minnesota | $135,202 | $65 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Vidyo | $157,723 | $75.83 | |
| 2 | Citi | $156,581 | $75.28 | 207 |
| 3 | State Street | $151,813 | $72.99 | 255 |
| 4 | Long Beach City College | $150,936 | $72.57 | |
| 5 | WTS International | $149,346 | $71.80 | |
| 6 | Infotech | $143,365 | $68.93 | |
| 7 | GLG | $141,306 | $67.94 | 3 |
| 8 | RigNet | $139,626 | $67.13 | |
| 9 | Houlihan Lokey | $135,961 | $65.37 | 12 |
| 10 | Kroll | $135,587 | $65.19 | 48 |
| 11 | Summit Credit Union | $135,083 | $64.94 | 5 |
A good business services vice president job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a business services vice president job description:
To find the right business services vice president for your business, consider trying out a few different recruiting strategies:
Your first interview with business services vice president 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. You can move on to the technical interview if a candidate is good enough for the next step.
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 services vice president 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 services vice president. 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.
Hiring a business services vice president comes with both the one-time cost per hire and ongoing costs. The cost of recruiting business services vice presidents involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of business services vice president recruiting as well the ongoing costs of maintaining the new employee.
Business services vice presidents earn a median yearly salary is $153,225 a year in the US. However, if you're looking to find business services vice presidents for hire on a contract or per-project basis, hourly rates typically range between $52 and $101.