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Decision analyst hiring summary. Here are some key points about hiring decision analysts in the United States:
Here's a step-by-step decision analyst hiring guide:
A decision analyst helps companies make decisions using different research strategies and mathematical equations based on relevant data. Although their duties vary upon their industry or company of employment, it usually includes understanding the company's vision and mission, conducting market research and analyses, gathering and interpreting data, analyzing consumer feedback, developing sales forecasts, performing risk assessments, and studying the competition. Through their research findings, a decision analyst comes to a conclusion and develops recommendations that will not just help make decisions but also be vital in optimizing procedures and solving existing issues.
The decision 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 decision analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, decision 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 decision analysts and their corresponding salaries.
| Type of Decision Analyst | Description | Hourly rate |
|---|---|---|
| Decision Analyst | Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions. | $27-52 |
| Co-Operations Internship | Co-operations interns perform various tasks for an organization. These include troubleshooting computer issues for employees, updating the documentation on internal troubleshooting, and designing and performing clerical tasks such as data entry and making telephone calls... Show more | $13-24 |
| Supply Systems Analyst | Supply systems analyst professionals are responsible for collecting and analyzing data that will improve the supply chain operations of an organization. These analysts are required to develop and perform logistics management operations that can involve planning, costing, coordinating, and relevant program evaluations... Show more | $23-46 |
Including a salary range in your decision analyst job description is one of the best ways to attract top talent. A decision analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $102,677 | $49 |
| 2 | Washington | $101,458 | $49 |
| 3 | Delaware | $95,215 | $46 |
| 4 | Massachusetts | $94,345 | $45 |
| 5 | New York | $92,980 | $45 |
| 6 | Virginia | $90,015 | $43 |
| 7 | New Jersey | $89,351 | $43 |
| 8 | North Carolina | $79,632 | $38 |
| 9 | Colorado | $79,115 | $38 |
| 10 | Illinois | $77,662 | $37 |
| 11 | Arizona | $77,581 | $37 |
| 12 | Michigan | $76,711 | $37 |
| 13 | Texas | $76,419 | $37 |
| 14 | Ohio | $72,879 | $35 |
| 15 | Missouri | $70,828 | $34 |
| 16 | Nebraska | $62,479 | $30 |
| 17 | Florida | $61,600 | $30 |
| 18 | Georgia | $60,588 | $29 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $129,456 | $62.24 | 17 |
| 2 | PayPal | $117,577 | $56.53 | |
| 3 | Chevron | $101,533 | $48.81 | 2 |
| 4 | Santander Private Banking International | $100,957 | $48.54 | 1 |
| 5 | Barclays | $100,708 | $48.42 | |
| 6 | JPMorgan Chase & Co. | $100,316 | $48.23 | 31 |
| 7 | Santander Bank | $99,705 | $47.94 | |
| 8 | T-Mobile | $95,934 | $46.12 | 5 |
| 9 | Takeda Pharmaceuticals U.S.A., Inc. | $91,850 | $44.16 | 5 |
| 10 | Ibotta | $90,921 | $43.71 | |
| 11 | Equifax | $90,782 | $43.65 | 3 |
| 12 | SafeAuto | $88,682 | $42.64 | |
| 13 | Toyota Financial Svc | $88,409 | $42.50 | 1 |
| 14 | Delta Air Lines | $87,538 | $42.09 | 2 |
| 15 | USAA | $85,993 | $41.34 | |
| 16 | Marketing Associates | $85,765 | $41.23 | |
| 17 | Huntington National Bank | $85,333 | $41.03 | 20 |
| 18 | Alliance Data | $84,926 | $40.83 | |
| 19 | Pacific Market International | $84,105 | $40.44 | |
| 20 | Regions Bank | $84,037 | $40.40 | 3 |
A decision 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 decision analyst job description:
There are various strategies that you can use to find the right decision analyst for your business:
Your first interview with decision analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
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.
If your interviews with decision analyst applicants aren't enough to make a decision, you should also consider including a test project. These are often the best, most straightforward, and least bias-prone ways of determining who will likely succeed in the role. If you don't know how to design an appropriate test, you can ask someone else on the team to create it or take a look at these websites to get a few ideas:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best decision 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 important to follow up with applicants who do not get the job with an email letting them know that the position is 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.
There are different types of costs for hiring decision analysts. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new decision analyst employee.
The median annual salary for decision analysts is $79,900 in the US. However, the cost of decision analyst hiring can vary a lot depending on location. Additionally, hiring a decision analyst for contract work or on a per-project basis typically costs between $27 and $52 an hour.