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Capital project manager hiring summary. Here are some key points about hiring capital project managers in the United States:
Here's a step-by-step capital project manager hiring guide:
A capital project manager is responsible for overseeing company projects, ensuring efficiency and smooth workflow. They are in charge of identifying the project's requirements, setting objectives and timelines, handling the budget, and developing strategies to optimize project operations. They must also coordinate with managers and other staff, monitor the progress of projects, and produce regular progress reports. Above all, as a manager, it is essential to lead and encourage the team members to reach goals, all while implementing the company's policies and regulations.
Before you start hiring a capital project manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect capital project manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of capital project manager salaries for various roles:
| Type of Capital Project Manager | Description | Hourly rate |
|---|---|---|
| Capital Project Manager | Construction managers plan, coordinate, budget, and supervise construction projects from start to finish. | $25-56 |
| Project Superintendent | The construction or project superintendent's role is to oversee the operations of construction sites, from the planning phase to completion. They have varied duties and responsibilities based on specific projects that include scheduling and budgeting, communicating and negotiating with external partners, and acquiring materials and equipment... Show more | $34-63 |
| Project Supervisor | A project supervisor is someone employed in industries like engineering, construction, manufacturing, as well as design and marketing industries to coordinate all aspects of a project. Common duties include participating in project planning, acting as a communication liaison, coordinating labor needs, and training employees... Show more | $13-46 |
Including a salary range in your capital project manager job description is one of the best ways to attract top talent. A capital project manager can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $108,360 | $52 |
| 2 | New Jersey | $97,411 | $47 |
| 3 | Maryland | $96,966 | $47 |
| 4 | New York | $96,696 | $46 |
| 5 | Ohio | $93,120 | $45 |
| 6 | Pennsylvania | $88,474 | $43 |
| 7 | Washington | $86,627 | $42 |
| 8 | Florida | $86,077 | $41 |
| 9 | Arizona | $84,647 | $41 |
| 10 | Illinois | $84,473 | $41 |
| 11 | Wisconsin | $81,772 | $39 |
| 12 | Oregon | $80,360 | $39 |
| 13 | Georgia | $78,135 | $38 |
| 14 | Massachusetts | $77,774 | $37 |
| 15 | North Carolina | $77,017 | $37 |
| 16 | Virginia | $76,969 | $37 |
| 17 | Michigan | $75,950 | $37 |
| 18 | District of Columbia | $73,640 | $35 |
| 19 | Alaska | $71,766 | $35 |
| 20 | Missouri | $71,713 | $34 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Apple | $133,850 | $64.35 | 20 |
| 2 | PBF Energy | $121,329 | $58.33 | |
| 3 | Colonial Pipeline | $117,200 | $56.35 | 3 |
| 4 | Intel | $111,661 | $53.68 | 12 |
| 5 | Entegris | $109,060 | $52.43 | |
| 6 | Albemarle | $108,076 | $51.96 | 2 |
| 7 | Credit Suisse | $106,942 | $51.41 | |
| 8 | Citi | $106,249 | $51.08 | 4 |
| 9 | Amgen | $105,146 | $50.55 | 5 |
| 10 | Koch Industries | $105,002 | $50.48 | 1 |
| 11 | Bristol-Myers Squibb | $104,392 | $50.19 | 7 |
| 12 | Alexandria Real Estate Equities | $102,411 | $49.24 | |
| 13 | Bio-Rad Laboratories | $100,685 | $48.41 | |
| 14 | Commonwealth | $100,357 | $48.25 | |
| 15 | Chicago Transit Authority | $99,109 | $47.65 | |
| 16 | Tenet Healthcare | $98,990 | $47.59 | |
| 17 | National Grid plc | $96,274 | $46.29 | |
| 18 | Occidental Petroleum | $95,460 | $45.89 | 2 |
| 19 | Veolia Water Tech | $94,258 | $45.32 | 9 |
| 20 | Eastman | $93,864 | $45.13 |
A capital project manager 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. Below, you can find an example of a capital project manager job description:
There are various strategies that you can use to find the right capital project manager for your business:
Recruiting capital project managers 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.
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 capital project manager 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 also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new capital project manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring capital project managers. 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 capital project manager employee.
The median annual salary for capital project managers is $79,852 in the US. However, the cost of capital project manager hiring can vary a lot depending on location. Additionally, hiring a capital project manager for contract work or on a per-project basis typically costs between $25 and $56 an hour.