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Chief executive officer/manager hiring summary. Here are some key points about hiring chief executive officer/managers in the United States:
Here's a step-by-step chief executive officer/manager hiring guide:
A chief executive officer (CEO) serves as the leader, information or visionary bearer, manager, board developer, and the decision-maker of an organization. CEOs support the administration and operations of the board by extending advice and support. These executives handle the organization's human resources based on authorized personnel procedures and policies. They make sure that their organization and its products, mission, services, and programs appear strong and positive to target stakeholders. Also, they need to develop skills in negotiation, communication, and corporate governance.
The chief executive officer/manager 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.
Hiring the perfect chief executive officer/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.
This list shows salaries for various types of chief executive officer/managers.
| Type of Chief Executive Officer/Manager | Description | Hourly rate |
|---|---|---|
| Chief Executive Officer/Manager | Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations. | $48-94 |
| Deputy Director | Deputy directors supervise a team of workers and oversee the daily functions of their organizations. They coordinate with the company's executive director in preparing long-term strategies to achieve organizational goals... Show more | $27-83 |
| Vice President | Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties... Show more | $51-112 |
Including a salary range in the chief executive officer/manager job description is a good way to get more applicants. A chief executive officer/manager 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 chief executive officer/manager in Idaho may be lower than in Hawaii, and an entry-level engineer typically earns less than a senior-level chief executive officer/manager. Additionally, a chief executive officer/manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $174,235 | $84 |
| 2 | California | $166,746 | $80 |
| 3 | Washington | $166,244 | $80 |
| 4 | Illinois | $163,368 | $79 |
| 5 | New York | $156,700 | $75 |
| 6 | Virginia | $151,465 | $73 |
| 7 | Massachusetts | $147,332 | $71 |
| 8 | Pennsylvania | $143,900 | $69 |
| 9 | Texas | $143,071 | $69 |
| 10 | Delaware | $139,125 | $67 |
| 11 | Oregon | $137,662 | $66 |
| 12 | Ohio | $133,873 | $64 |
| 13 | Georgia | $133,200 | $64 |
| 14 | Arizona | $131,804 | $63 |
| 15 | Minnesota | $130,803 | $63 |
| 16 | Florida | $121,939 | $59 |
| 17 | North Carolina | $118,274 | $57 |
| 18 | Wisconsin | $116,565 | $56 |
| 19 | Missouri | $111,584 | $54 |
| 20 | Oklahoma | $102,111 | $49 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Parallels | $143,548 | $69.01 | |
| 2 | MARTA | $141,553 | $68.05 | 1 |
| 3 | Lane Transit District | $140,472 | $67.53 | |
| 4 | Accenture | $135,108 | $64.96 | 35 |
| 5 | Best Buy | $134,589 | $64.71 | 6 |
| 6 | Energy Inc. | $134,192 | $64.52 | |
| 7 | County Of Los Angeles Public Library | $133,403 | $64.14 | |
| 8 | Dairy Farmers of America | $132,071 | $63.50 | 2 |
| 9 | Grant Thornton | $129,590 | $62.30 | 39 |
| 10 | Department of Public Social Services | $129,411 | $62.22 | |
| 11 | Unilever | $129,168 | $62.10 | |
| 12 | Druva | $127,831 | $61.46 | 4 |
| 13 | Affine Analytics | $126,958 | $61.04 | |
| 14 | DentaQuest | $125,572 | $60.37 | |
| 15 | Alltrust Insurance Company | $119,659 | $57.53 | |
| 16 | Icma-rc | $115,482 | $55.52 | 63 |
| 17 | Land O'Lakes | $110,411 | $53.08 | |
| 18 | Go! Retail Group | $88,511 | $42.55 | 3 |
| 19 | Wells Fargo | $84,756 | $40.75 | 36 |
A job description for a chief executive officer/manager 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 executive officer/manager job description:
There are various strategies that you can use to find the right chief executive officer/manager for your business:
Recruiting chief executive officer/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 to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you 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 found the chief executive officer/manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
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 employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire chief executive officer/managers, 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 chief executive officer/managers 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 $140,165 per year for a chief executive officer/manager, 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 chief executive officer/managers in the US typically range between $48 and $94 an hour.