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Cost controller hiring summary. Here are some key points about hiring cost controllers in the United States:
Here's a step-by-step cost controller hiring guide:
A Cost Controller manages the project costs. Cost Controllers' tasks include developing, controlling, planning, and forecasting the project's budget. They make sure that projects are completed within the approved budget and minimize the deflection from it. Cost Controllers should know about total cost management concepts, budget distribution, and setting a cost limit. They should also know how to detect issues, analyze cost reports, and value management. Being a cost controller also requires skills to effectively communicate the project's cost performance, concerns, and recovery plans to the project team.
Before you post your cost controller 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 cost controller for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a cost controller to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a cost controller that fits the bill.
This list presents cost controller salaries for various positions.
| Type of Cost Controller | Description | Hourly rate |
|---|---|---|
| Cost Controller | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show more | $24-54 |
| Accounting Analyst | An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables... Show more | $20-37 |
| Certified Public Accountant | A certified public accountant (CPA) acts as an advisor to small businesses and chief financial officers to Fortune 500 companies. They typically work for both small and large public accounting firms... Show more | $23-57 |
Including a salary range in the cost controller job description is a good way to get more applicants. A cost controller 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 cost controller in Nebraska may be lower than in Massachusetts, and an entry-level engineer typically earns less than a senior-level cost controller. Additionally, a cost controller with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $96,443 | $46 |
| 2 | Massachusetts | $91,009 | $44 |
| 3 | New York | $90,816 | $44 |
| 4 | Washington | $87,660 | $42 |
| 5 | Virginia | $81,498 | $39 |
| 6 | Maryland | $77,910 | $37 |
| 7 | Pennsylvania | $76,737 | $37 |
| 8 | Texas | $74,686 | $36 |
| 9 | Colorado | $68,731 | $33 |
| 10 | North Carolina | $67,269 | $32 |
| 11 | Michigan | $65,110 | $31 |
| 12 | Tennessee | $62,705 | $30 |
| 13 | Minnesota | $62,571 | $30 |
| 14 | Missouri | $61,448 | $30 |
| 15 | Florida | $61,434 | $30 |
| 16 | Iowa | $58,639 | $28 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | NOVA Chemicals | $94,220 | $45.30 | |
| 2 | Technip USA Corporation | $91,408 | $43.95 | |
| 3 | Seadrill | $87,386 | $42.01 | |
| 4 | Hargrove Engineers + Constructors | $84,175 | $40.47 | 1 |
| 5 | Kforce | $83,884 | $40.33 | 27 |
| 6 | HOW | $83,273 | $40.04 | |
| 7 | Nestlé | $82,920 | $39.87 | |
| 8 | Belcan | $77,092 | $37.06 | 8 |
| 9 | Hyatt Hotels | $74,995 | $36.06 | |
| 10 | Tenneco | $74,606 | $35.87 | 1 |
| 11 | CyberCoders | $74,557 | $35.84 | 1 |
| 12 | LanceSoft | $74,305 | $35.72 | 1 |
| 13 | Schneider Electric Industrial Services | $74,194 | $35.67 | 2 |
| 14 | Randstad North America, Inc. | $73,498 | $35.34 | 7 |
| 15 | CMA CGM | $72,348 | $34.78 | 3 |
| 16 | Wanzek Construction | $72,117 | $34.67 | |
| 17 | LaBella Associates | $71,772 | $34.51 | 4 |
| 18 | Arlanxeo Usa LLC | $70,654 | $33.97 | |
| 19 | M R Co | $70,591 | $33.94 | 2 |
| 20 | Amec Foster Wheeler | $70,591 | $33.94 |
A cost controller 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 cost controller job description:
To find the right cost controller for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit cost controllers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
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 found the cost controller 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 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 cost controller. 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.
Before you start to hire cost controllers, 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 cost controllers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Cost controllers earn a median yearly salary is $76,697 a year in the US. However, if you're looking to find cost controllers for hire on a contract or per-project basis, hourly rates typically range between $24 and $54.