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Chief strategy officer hiring summary. Here are some key points about hiring chief strategy officers in the United States:
Here's a step-by-step chief strategy officer hiring guide:
A chief strategy officer or chief strategist is an executive leader in an organization responsible for assisting the chief executive officer with communicating, developing, and sustaining business corporate strategic initiatives and the company's overall goals. This is a senior executive role and a big responsibility for holding the top strategy part. They focus on implementing a company's strategy, both internally and externally. They ensure to communicate to all employees, business partners, suppliers, and contractors to know the importance of a company-wide strategic plan.
Before you start hiring a chief strategy officer, 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.
A chief strategy officer's background is also an important factor in determining whether they'll be a good fit for the position. For example, chief strategy 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.
This list presents chief strategy officer salaries for various positions.
| Type of Chief Strategy Officer | Description | Hourly rate |
|---|---|---|
| Chief Strategy Officer | 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. | $49-123 |
| Owner/Manager | Owners/managers are responsible for establishing a business and managing the operations once the business is running. They plan and make sure that the company has adequate financing... Show more | $21-62 |
| 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 |
Including a salary range in the chief strategy officer job description is a good way to get more applicants. A chief strategy officer 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 strategy officer in Mississippi may be lower than in Alaska, and an entry-level engineer typically earns less than a senior-level chief strategy officer. Additionally, a chief strategy officer with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $199,154 | $96 |
| 2 | California | $190,705 | $92 |
| 3 | Texas | $181,529 | $87 |
| 4 | New Jersey | $176,831 | $85 |
| 5 | Nevada | $174,727 | $84 |
| 6 | District of Columbia | $172,596 | $83 |
| 7 | Pennsylvania | $171,152 | $82 |
| 8 | Washington | $170,194 | $82 |
| 9 | Rhode Island | $168,596 | $81 |
| 10 | Indiana | $163,912 | $79 |
| 11 | Minnesota | $155,853 | $75 |
| 12 | Illinois | $151,635 | $73 |
| 13 | Alabama | $150,977 | $73 |
| 14 | Arizona | $147,557 | $71 |
| 15 | Missouri | $145,433 | $70 |
| 16 | Oregon | $144,115 | $69 |
| 17 | Massachusetts | $142,561 | $69 |
| 18 | Georgia | $131,057 | $63 |
| 19 | Louisiana | $130,793 | $63 |
| 20 | Oklahoma | $125,541 | $60 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Norton Rose Fulbright | $225,888 | $108.60 | |
| 2 | Sanofi US | $221,510 | $106.50 | 10 |
| 3 | Nexius | $196,478 | $94.46 | |
| 4 | West Tennessee Healthcare | $195,723 | $94.10 | |
| 5 | Mediaspectrum | $191,195 | $91.92 | |
| 6 | Draftfcb | $187,147 | $89.97 | |
| 7 | Ascension Michigan | $186,254 | $89.55 | 69 |
| 8 | SADA | $185,021 | $88.95 | |
| 9 | Nuro | $184,775 | $88.83 | 1 |
| 10 | B-Yond | $184,679 | $88.79 | |
| 11 | Coates Group | $183,594 | $88.27 | |
| 12 | Citi | $183,356 | $88.15 | 188 |
| 13 | Blast It | $183,207 | $88.08 | |
| 14 | The Independent Traveler | $183,191 | $88.07 | 10 |
| 15 | California State Association of Counties | $183,069 | $88.01 | 55 |
| 16 | *n/a* | $183,024 | $87.99 | 5 |
| 17 | Knotel, Inc. | $182,917 | $87.94 | |
| 18 | Unity Health Care | $181,958 | $87.48 | |
| 19 | McKinsey & Company Inc | $181,064 | $87.05 | |
| 20 | Clearpool Group | $180,478 | $86.77 |
A chief strategy officer 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 chief strategy officer job description:
To find chief strategy officers for your business, try out a few different recruiting strategies:
Recruiting chief strategy officers 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 chief strategy officer 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 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.
Once that's done, you can draft an onboarding schedule for the new chief strategy officer. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting chief strategy officers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $163,192 per year for a chief strategy officer, 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 strategy officers in the US typically range between $49 and $123 an hour.