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Corporate vice president hiring summary. Here are some key points about hiring corporate vice presidents in the United States:
Here's a step-by-step corporate vice president hiring guide:
A corporate vice president is an executive professional who is vital in managing staff and supervising departmental operations of a corporation. Corporate vice presidents must assist the president and the board of directors in designing the overall mission, values, and strategic goals of the corporation. As determined by the business's strategic goals, vice presidents must contribute to sales innovations, strategic business development, and the profitability of the corporation. Corporate vice presidents must also attend meetings with the board of directors to share information about competitors and expansion opportunities.
Before you post your corporate vice president job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a corporate vice president for hire on a part-time basis or as a contractor.
Hiring the perfect corporate vice president 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 corporate vice presidents.
| Type of Corporate Vice President | Description | Hourly rate |
|---|---|---|
| Corporate Vice President | 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. | $54-116 |
| President & Chief Operating Officer | A president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market... Show more | $54-187 |
| Corporate Controller | A corporate controller is a professional who is responsible for supervising the overall daily accounting operations of an organization. Integral to the financial health of the organization, corporate controllers are required to help the organization with strategic financial decisions through forecasting reports and financial statements... Show more | $47-100 |
Including a salary range in the corporate vice president job description is a good way to get more applicants. A corporate vice president 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 corporate vice president in Idaho may be lower than in Nevada, and an entry-level engineer typically earns less than a senior-level corporate vice president. Additionally, a corporate vice president 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 | $190,620 | $92 |
| 2 | California | $185,622 | $89 |
| 3 | Washington | $185,143 | $89 |
| 4 | New Jersey | $184,934 | $89 |
| 5 | Massachusetts | $177,845 | $86 |
| 6 | Connecticut | $174,515 | $84 |
| 7 | New York | $174,171 | $84 |
| 8 | Illinois | $168,261 | $81 |
| 9 | Colorado | $167,374 | $80 |
| 10 | Maryland | $165,633 | $80 |
| 11 | Pennsylvania | $164,794 | $79 |
| 12 | Florida | $162,850 | $78 |
| 13 | Delaware | $159,374 | $77 |
| 14 | Georgia | $156,189 | $75 |
| 15 | Arizona | $155,735 | $75 |
| 16 | Ohio | $154,993 | $75 |
| 17 | Minnesota | $147,669 | $71 |
| 18 | Texas | $145,564 | $70 |
| 19 | Tennessee | $145,010 | $70 |
| 20 | North Carolina | $137,662 | $66 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Brookfield Properties | $247,224 | $118.86 | 8 |
| 2 | Flexport | $214,200 | $102.98 | |
| 3 | AbbVie | $211,046 | $101.46 | 18 |
| 4 | Bristol-Myers Squibb | $207,579 | $99.80 | 33 |
| 5 | Etsy | $203,438 | $97.81 | |
| 6 | Estée Lauder | $197,046 | $94.73 | 26 |
| 7 | Cohen & Steers | $194,335 | $93.43 | 1 |
| 8 | Booking Holdings | $190,922 | $91.79 | 5 |
| 9 | Energy Focus | $188,375 | $90.56 | |
| 10 | Catalent Pharma Solutions | $185,785 | $89.32 | 6 |
| 11 | Western Alliance Bank | $183,671 | $88.30 | 46 |
| 12 | Churchill Downs | $183,491 | $88.22 | 3 |
| 13 | Edelman Financial Engines | $183,459 | $88.20 | 35 |
| 14 | Santander Private Banking International | $182,902 | $87.93 | 7 |
| 15 | R.M.D. Corp. | $180,790 | $86.92 | |
| 16 | Sumitomo Mitsui Financial Group | $180,660 | $86.86 | 1 |
| 17 | Emergent BioSolutions | $180,576 | $86.82 | 2 |
| 18 | ALCO Management | $179,569 | $86.33 | |
| 19 | Fujitsu | $178,734 | $85.93 | |
| 20 | Barclays | $178,464 | $85.80 | 18 |
A good corporate vice president job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a corporate vice president job description:
There are a few common ways to find corporate vice presidents for your business:
Recruiting corporate vice presidents 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 decided on a perfect corporate vice president 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 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 corporate vice president. 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.
Recruiting corporate vice presidents 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.
The median annual salary for corporate vice presidents is $165,788 in the US. However, the cost of corporate vice president hiring can vary a lot depending on location. Additionally, hiring a corporate vice president for contract work or on a per-project basis typically costs between $54 and $116 an hour.