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Chief development officer hiring summary. Here are some key points about hiring chief development officers in the United States:
Here's a step-by-step chief development officer hiring guide:
A chief development officer is responsible for joining the senior management team in incorporating business decisions that would benefit the organization in achieving long-term goals and objectives. Chief development officers lead the growth planning and strategizing techniques to improve operations and ensure customer satisfaction. They approve budgets and resources allocation across the organization to serve business functions and address issues. A chief development officer must have excellent communication and leadership skills, especially in raising funds and maintaining healthy relationships with business partners.
The chief development officer 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 chief development officer's background is also an important factor in determining whether they'll be a good fit for the position. For example, chief development officers 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 chief development officers and their corresponding salaries.
| Type of Chief Development Officer | Description | Hourly rate |
|---|---|---|
| Chief Development Officer | Public relations managers plan and direct the creation of material that will maintain or enhance the public image of their employer or client. Fundraising managers coordinate campaigns that bring in donations for their organization. | $32-95 |
| Division Director | A division director is a professional who is responsible for managing team members and business operations that are assigned in his/her or her division to achieve the goals of a company. Division directors are required to evaluate division performance and ensure that the team's work complies with the company policies and procedures... Show more | $32-102 |
| Managing Director | A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives... Show more | $34-112 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $135,375 | $65 |
| 2 | California | $133,510 | $64 |
| 3 | Texas | $127,260 | $61 |
| 4 | Illinois | $126,345 | $61 |
| 5 | Georgia | $121,045 | $58 |
| 6 | District of Columbia | $118,620 | $57 |
| 7 | Arizona | $117,800 | $57 |
| 8 | Ohio | $116,120 | $56 |
| 9 | Massachusetts | $114,587 | $55 |
| 10 | Pennsylvania | $111,659 | $54 |
| 11 | Arkansas | $110,728 | $53 |
| 12 | Rhode Island | $110,646 | $53 |
| 13 | South Dakota | $109,282 | $53 |
| 14 | Michigan | $108,887 | $52 |
| 15 | Colorado | $104,006 | $50 |
| 16 | Maryland | $103,660 | $50 |
| 17 | Washington | $99,214 | $48 |
| 18 | Nebraska | $98,344 | $47 |
| 19 | Missouri | $96,622 | $46 |
| 20 | Maine | $94,355 | $45 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | McKinsey & Company Inc | $205,481 | $98.79 | |
| 2 | Goodwin | $197,183 | $94.80 | |
| 3 | SAP | $161,887 | $77.83 | 49 |
| 4 | Catholic Relief Services | $159,487 | $76.68 | |
| 5 | Sandia National Labs | $155,781 | $74.89 | 87 |
| 6 | University of Maryland, Baltimore | $142,013 | $68.28 | 24 |
| 7 | The Metropolitan Museum of Art | $140,679 | $67.63 | |
| 8 | Amnesty International USA | $138,125 | $66.41 | |
| 9 | MWH Americas Inc | $133,654 | $64.26 | 2 |
| 10 | Summit Public Schools | $125,235 | $60.21 | |
| 11 | The ONE Campaign | $125,189 | $60.19 | |
| 12 | SAIC | $124,805 | $60.00 | 19 |
| 13 | Aspen Valley Hospital | $122,899 | $59.09 | |
| 14 | WIT - Accelerate Digital Transformation | $119,806 | $57.60 | |
| 15 | Jefferson Consulting Group | $116,425 | $55.97 | |
| 16 | Grantham University | $115,821 | $55.68 | |
| 17 | International Center of Photography | $114,287 | $54.95 | |
| 18 | Epharmix | $113,973 | $54.79 | |
| 19 | National Democratic Institute | $111,880 | $53.79 | |
| 20 | Dev | $111,414 | $53.56 | 17 |
A job description for a chief development officer 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 chief development officer job description:
There are various strategies that you can use to find the right chief development officer for your business:
To successfully recruit chief development officers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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've selected the best chief development officer candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing 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 chief development officer. 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.
There are different types of costs for hiring chief development officers. 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 chief development officer employee.
Chief development officers earn a median yearly salary is $116,047 a year in the US. However, if you're looking to find chief development officers for hire on a contract or per-project basis, hourly rates typically range between $32 and $95.