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Category analyst hiring summary. Here are some key points about hiring category analysts in the United States:
Here's a step-by-step category analyst hiring guide:
A category analyst is responsible for evaluating the category management systems to improve efficiency and maximize the productivity of distribution departments and achieve the highest customer satisfaction. Category analysts coordinate with suppliers and third-party vendors, negotiate pricing contracts, research on current market trends for product selection, and maintain the adequacy of stock inventories. They also develop cost-reduction techniques by conducting data analysis and studying the current operational policies. A category analyst works closely with the marketing and sales team to identify business opportunities, implementing promotional techniques, and increase brand awareness to the public market.
First, determine the employments status of the category analyst you need to hire. Certain category analyst 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 category analyst 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 category analyst that fits the bill.
Here's a comparison of category analyst salaries for various roles:
| Type of Category Analyst | Description | Hourly rate |
|---|---|---|
| Category Analyst | Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. | $20-40 |
| Marketing Coordinator | A marketing coordinator supports the marketing department on deciding strategies and business efforts to develop the brand image and boost customer satisfaction. Marketing coordinators' duties include assisting in advertising campaigns, scheduling promotional events, monitoring sales status, researching current market trends, maintaining a record of existing and potential clients, and contributing ideas to improve the brand's profitability... Show more | $16-32 |
| Marketing Internship | Marketing interns are usually marketing students or fresh graduates who are interested in getting actual work experiences before taking on a full-time job. They usually have an interest or academic background related to marketing... Show more | $11-18 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $86,000 | $41 |
| 2 | California | $80,146 | $39 |
| 3 | Minnesota | $79,772 | $38 |
| 4 | Ohio | $74,640 | $36 |
| 5 | Virginia | $73,040 | $35 |
| 6 | Illinois | $71,732 | $34 |
| 7 | Massachusetts | $71,156 | $34 |
| 8 | New York | $71,122 | $34 |
| 9 | Pennsylvania | $71,051 | $34 |
| 10 | North Carolina | $69,644 | $33 |
| 11 | Arkansas | $66,669 | $32 |
| 12 | Colorado | $64,739 | $31 |
| 13 | Texas | $62,241 | $30 |
| 14 | Nebraska | $60,078 | $29 |
| 15 | Michigan | $57,315 | $28 |
| 16 | Arizona | $51,752 | $25 |
| 17 | Georgia | $51,312 | $25 |
| 18 | Missouri | $49,381 | $24 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Amazon | $122,884 | $59.08 | 58 |
| 2 | Micron Technology | $89,644 | $43.10 | 8 |
| 3 | CVS Health | $89,538 | $43.05 | 62 |
| 4 | Abbott | $79,157 | $38.06 | 17 |
| 5 | The Kraft Group | $77,454 | $37.24 | |
| 6 | Stop & Shop | $70,886 | $34.08 | |
| 7 | Keurig Dr Pepper | $70,720 | $34.00 | 10 |
| 8 | Mars | $67,859 | $32.62 | 2 |
| 9 | Analysts | $67,802 | $32.60 | |
| 10 | Gillette | $67,024 | $32.22 | |
| 11 | Topco Associates | $66,997 | $32.21 | |
| 12 | Circle K | $66,984 | $32.20 | 7 |
| 13 | WESCO Distribution | $66,802 | $32.12 | 1 |
| 14 | StarKist | $66,655 | $32.05 | |
| 15 | Constellation Brands | $66,628 | $32.03 | 10 |
| 16 | Rich Products | $66,425 | $31.94 | |
| 17 | Lowe's Companies | $65,981 | $31.72 | 15 |
| 18 | Central Garden & Pet | $65,972 | $31.72 | 2 |
| 19 | PepsiCo | $65,926 | $31.70 | 4 |
| 20 | The Hershey Company | $65,834 | $31.65 | 2 |
A category analyst 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. To help get you started, here's an example of a category analyst job description:
To find category analysts for your business, try out a few different recruiting strategies:
Recruiting category analysts 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.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect category analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
After that, you can create an onboarding schedule for a new category analyst. 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.
Before you start to hire category analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire category analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $60,658 per year for a category analyst, 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 category analysts in the US typically range between $20 and $40 an hour.