Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Business specialist hiring summary. Here are some key points about hiring business specialists in the United States:
Here's a step-by-step business specialist hiring guide:
A business specialist's role is to perform research and analysis to determine the company's strengths and weaknesses, aiming to improve and develop areas for optimal performance. Their responsibilities revolve around coordinating with different departments to gather relevant data, identifying new opportunities and ways to meet clients' needs, devising strategies and programs for profit growth, and developing new processes for business efficiency. Furthermore, it is essential to provide corrective measures on various issues and concerns, all while implementing the company's policies and regulations.
The business specialist hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A business specialist's background is also an important factor in determining whether they'll be a good fit for the position. For example, business specialists 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.
The following list breaks down different types of business specialists and their corresponding salaries.
| Type of Business Specialist | Description | Hourly rate |
|---|---|---|
| Business Specialist | $21-57 | |
| Business Consultant | A business consultant is a professional who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people... Show more | $30-56 |
| Business Banker | A business banker is a professional who collaborates with other bank coworkers to help business customers meet their specific banking needs. Business bankers must sell a variety of banking products and services such as business deposit accounts, treasury management, and business credit cards... Show more | $18-58 |
Including a salary range in the business specialist job description is a good way to get more applicants. A business specialist salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a business specialist in Nebraska may be lower than in Washington, and an entry-level engineer typically earns less than a senior-level business specialist. Additionally, a business specialist with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $104,729 | $50 |
| 2 | Oregon | $97,933 | $47 |
| 3 | California | $90,727 | $44 |
| 4 | Connecticut | $89,217 | $43 |
| 5 | Pennsylvania | $88,658 | $43 |
| 6 | District of Columbia | $88,413 | $43 |
| 7 | Massachusetts | $84,662 | $41 |
| 8 | New Jersey | $84,151 | $40 |
| 9 | Indiana | $80,977 | $39 |
| 10 | New York | $78,374 | $38 |
| 11 | Maine | $78,236 | $38 |
| 12 | Michigan | $77,915 | $37 |
| 13 | Virginia | $77,638 | $37 |
| 14 | North Carolina | $71,325 | $34 |
| 15 | Arizona | $70,433 | $34 |
| 16 | Kansas | $70,023 | $34 |
| 17 | Illinois | $69,214 | $33 |
| 18 | Minnesota | $67,598 | $33 |
| 19 | Colorado | $65,509 | $31 |
| 20 | Missouri | $65,268 | $31 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | BP America Inc | $159,028 | $76.46 | 1 |
| 2 | Boehringer Ingelheim | $151,315 | $72.75 | 35 |
| 3 | Takeda Pharmaceuticals U.S.A., Inc. | $147,204 | $70.77 | 7 |
| 4 | Apple | $134,311 | $64.57 | 26 |
| 5 | $121,697 | $58.51 | 35 | |
| 6 | Aera Energy | $118,101 | $56.78 | |
| 7 | Microsoft | $117,352 | $56.42 | 17 |
| 8 | Accenture | $114,170 | $54.89 | 152 |
| 9 | Apache | $111,599 | $53.65 | |
| 10 | NTT Data International L.L.C. | $109,141 | $52.47 | 29 |
| 11 | Federal Reserve Bank | $107,345 | $51.61 | 6 |
| 12 | Xavient Information Systems | $106,073 | $51.00 | |
| 13 | Warner Norcross + Judd | $103,168 | $49.60 | |
| 14 | Northern Trust | $102,816 | $49.43 | 3 |
| 15 | Constellation Energy Partners | $102,262 | $49.16 | 9 |
| 16 | Intel | $101,481 | $48.79 | 6 |
| 17 | Amdocs | $101,008 | $48.56 | 1 |
| 18 | IBM | $99,641 | $47.90 | 36 |
| 19 | Sutter Health | $98,745 | $47.47 | 1 |
| 20 | Deloitte | $95,130 | $45.74 | 663 |
A job description for a business specialist 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 specialist job description:
To find business specialists for your business, try out a few different recruiting strategies:
During your first interview to recruit business specialists, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
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 specialist 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 specialist. 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 specialist comes with both the one-time cost per hire and ongoing costs. The cost of recruiting business specialists 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 specialist recruiting as well the ongoing costs of maintaining the new employee.
Business specialists earn a median yearly salary is $73,521 a year in the US. However, if you're looking to find business specialists for hire on a contract or per-project basis, hourly rates typically range between $21 and $57.