Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Demand planning analyst hiring summary. Here are some key points about hiring demand planning analysts in the United States:
Here's a step-by-step demand planning analyst hiring guide:
A demand planning analyst is responsible for conducting data analysis by researching current market trends to identify resources for consumer demands and satisfaction. Demand planning analysts evaluate multiple sources on economic factors and product releases to determine demand projections and manage the adequacy of supply inventories. They also recommend store pullouts of outdated merchandise and determine potential replacements according to data results and product campaigns. A demand planning analyst must have excellent communication and analytical skills to calculate sales performance and strategize methods to increase revenues.
First, determine the employments status of the demand planning analyst you need to hire. Certain demand planning analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A demand planning analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, demand planning 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 demand planning analysts and their corresponding salaries.
| Type of Demand Planning Analyst | Description | Hourly rate |
|---|---|---|
| Demand Planning Analyst | Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. | $30-50 |
| Research Internship | A research intern is responsible for assisting the research team with conducting an investigation, compiling information, and analyzing results for an organized research study. Research interns' duties also include understanding the work processes and operation procedures, sharing strategies and recommendations on research methods, reaching out to appropriate research correspondents, managing clients' inquiries and concerns, keeping important client records for reference, studying current market trends, and maintaining the eagerness to learn... Show more | $12-28 |
| Marketing Internship | Marketing interns are usually marketing students or fresh graduates who are interested in getting actual work experiences before taking on a full-time job. They usually have an interest or academic background related to marketing... Show more | $11-18 |
Including a salary range in your demand planning analyst job description helps attract top candidates to the position. A demand planning analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a demand planning analyst in Florida may be lower than in California, and an entry-level demand planning analyst usually earns less than a senior-level demand planning analyst. Additionally, a demand planning analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $108,798 | $52 |
| 2 | Washington | $100,307 | $48 |
| 3 | Texas | $84,725 | $41 |
| 4 | Virginia | $84,253 | $41 |
| 5 | New York | $81,926 | $39 |
| 6 | Michigan | $79,907 | $38 |
| 7 | Colorado | $78,835 | $38 |
| 8 | Illinois | $78,626 | $38 |
| 9 | Tennessee | $78,436 | $38 |
| 10 | Georgia | $77,928 | $37 |
| 11 | Minnesota | $76,902 | $37 |
| 12 | Connecticut | $76,761 | $37 |
| 13 | Arizona | $76,274 | $37 |
| 14 | Missouri | $72,024 | $35 |
| 15 | Wisconsin | $67,891 | $33 |
| 16 | Indiana | $63,591 | $31 |
| 17 | Florida | $62,764 | $30 |
| 18 | Kansas | $59,258 | $28 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $123,552 | $59.40 | 15 | |
| 2 | Apple | $119,660 | $57.53 | 8 |
| 3 | Five Below | $107,981 | $51.91 | 6 |
| 4 | Amazon | $105,185 | $50.57 | 83 |
| 5 | 7-Eleven | $104,796 | $50.38 | 2 |
| 6 | NVIDIA | $103,570 | $49.79 | 5 |
| 7 | Barnes & Noble | $100,369 | $48.25 | 3 |
| 8 | Microsoft | $99,618 | $47.89 | 26 |
| 9 | Dole | $99,509 | $47.84 | |
| 10 | The Wonderful Company | $96,981 | $46.63 | |
| 11 | Autodesk | $95,969 | $46.14 | |
| 12 | Eastman | $91,971 | $44.22 | |
| 13 | The Dow Chemical Company | $91,256 | $43.87 | |
| 14 | Mars | $90,741 | $43.63 | 3 |
| 15 | NYISO | $90,266 | $43.40 | 1 |
| 16 | Micron Technology | $87,388 | $42.01 | 4 |
| 17 | Western Digital | $86,967 | $41.81 | 10 |
| 18 | BD | $86,958 | $41.81 | 2 |
| 19 | Standard Motor Products | $86,171 | $41.43 | 2 |
| 20 | C&S Wholesale Grocers | $86,001 | $41.35 | 5 |
A demand planning 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 demand planning analyst job description:
There are various strategies that you can use to find the right demand planning analyst for your business:
During your first interview to recruit demand planning analysts, 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 have selected a candidate for the demand planning analyst 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.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
Once that's done, you can draft an onboarding schedule for the new demand planning analyst. 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.
Hiring a demand planning analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting demand planning analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of demand planning analyst recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $81,450 per year for a demand planning 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 demand planning analysts in the US typically range between $30 and $50 an hour.