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Commissions analyst hiring summary. Here are some key points about hiring commissions analysts in the United States:
Here's a step-by-step commissions analyst hiring guide:
A commission analyst is responsible for reviewing financial information and reviewing account statements to post accurate updates on the company's database. Commission analysts assess financial and business transactions, write cost analysis reports, and perform account reconciliation procedures. They also resolve billing discrepancies and identify opportunities to minimize financial loss and increase revenues. A commission analyst must have excellent communication and analytical skills, as well as extensive knowledge of the financial industry, verifying the accuracy of account information, and validating commission reports.
The commissions analyst 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 commissions analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, commissions analysts 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 commissions analysts and their corresponding salaries.
| Type of Commissions Analyst | Description | Hourly rate |
|---|---|---|
| Commissions Analyst | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $19-38 |
| Analyst Sales | Analyst sales, or a sales analyst, is a professional who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses... Show more | $22-47 |
| Staff Analyst | Staff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have... Show more | $34-65 |
Including a salary range in your commissions analyst job description is one of the best ways to attract top talent. A commissions analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $78,566 | $38 |
| 2 | California | $77,438 | $37 |
| 3 | Massachusetts | $71,871 | $35 |
| 4 | Connecticut | $68,523 | $33 |
| 5 | Oregon | $68,345 | $33 |
| 6 | New York | $68,231 | $33 |
| 7 | Maryland | $66,324 | $32 |
| 8 | Washington | $65,706 | $32 |
| 9 | Colorado | $63,769 | $31 |
| 10 | Illinois | $63,464 | $31 |
| 11 | Michigan | $58,526 | $28 |
| 12 | Texas | $57,025 | $27 |
| 13 | Nevada | $56,447 | $27 |
| 14 | Arizona | $56,309 | $27 |
| 15 | Minnesota | $55,760 | $27 |
| 16 | Missouri | $55,055 | $26 |
| 17 | Ohio | $55,031 | $26 |
| 18 | Alabama | $54,311 | $26 |
| 19 | Kansas | $51,177 | $25 |
| 20 | Indiana | $49,341 | $24 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $119,036 | $57.23 | 78 |
| 2 | Mixpanel | $92,744 | $44.59 | |
| 3 | RingCentral | $85,837 | $41.27 | |
| 4 | Cradlepoint | $81,749 | $39.30 | |
| 5 | Dynatrace | $81,550 | $39.21 | 1 |
| 6 | Kiteworks | $81,417 | $39.14 | |
| 7 | T-Mobile | $80,285 | $38.60 | |
| 8 | ADTRAN | $78,729 | $37.85 | 1 |
| 9 | Autodesk | $74,531 | $35.83 | 1 |
| 10 | Datto | $74,190 | $35.67 | |
| 11 | Ziff Davis | $74,176 | $35.66 | |
| 12 | Coupa Software | $72,922 | $35.06 | |
| 13 | The Trade Desk | $72,614 | $34.91 | 1 |
| 14 | UMB Bank | $71,527 | $34.39 | 3 |
| 15 | Health First | $69,696 | $33.51 | |
| 16 | Okta | $69,645 | $33.48 | |
| 17 | Schneider Electric Industrial Services | $69,068 | $33.21 | 3 |
| 18 | Airtable | $68,988 | $33.17 | |
| 19 | Airgas | $68,919 | $33.13 | |
| 20 | Centene | $67,104 | $32.26 | 10 |
A commissions 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 commissions analyst job description:
There are various strategies that you can use to find the right commissions analyst for your business:
Recruiting commissions 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.
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 commissions analyst 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 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.
After that, you can create an onboarding schedule for a new commissions 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 commissions 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 commissions 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 $57,373 per year for a commissions 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 commissions analysts in the US typically range between $19 and $38 an hour.