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Director, business development and strategy hiring summary. Here are some key points about hiring directors, business development and strategy in the United States:
Here's a step-by-step director, business development and strategy hiring guide:
A director of business development and strategy spearheads and oversees a company's business development programs, ensuring efficiency and smooth workflow. They are responsible for setting goals and guidelines, establishing schedules and budgets, delegating tasks, and monitoring the progress of all operations, implementing solutions against problem areas. They must also gather and analyze data to identify the strengths and weaknesses of current procedures and develop strategies to optimize operations. Moreover, as a director, they must promote and enforce the company's policies and regulations, create new ones as needed.
Before you post your director, business development and strategy 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 director, business development and strategy for hire on a part-time basis or as a contractor.
A director, business development and strategy's background is also an important factor in determining whether they'll be a good fit for the position. For example, directors, business development and strategy 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.
This list presents director, business development and strategy salaries for various positions.
| Type of Director, Business Development And Strategy | Description | Hourly rate |
|---|---|---|
| Director, Business Development And Strategy | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $51-107 |
| Planning Director | Planning Directors are members of the executive team or the top management of a company. They oversee the company's plans and the strategies involved in reaching company goals... Show more | $43-92 |
| Product Director | The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services... Show more | $50-101 |
Including a salary range in your director, business development and strategy job description helps attract top candidates to the position. A director, business development and strategy 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 director, business development and strategy in Georgia may be lower than in Rhode Island, and an entry-level director, business development and strategy usually earns less than a senior-level director, business development and strategy. Additionally, a director, business development and strategy 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 | Rhode Island | $163,572 | $79 |
| 2 | California | $163,375 | $79 |
| 3 | Pennsylvania | $159,001 | $76 |
| 4 | Maine | $154,996 | $75 |
| 5 | Washington | $154,563 | $74 |
| 6 | New York | $152,833 | $73 |
| 7 | Massachusetts | $152,602 | $73 |
| 8 | Connecticut | $143,683 | $69 |
| 9 | Texas | $143,440 | $69 |
| 10 | Hawaii | $140,389 | $67 |
| 11 | Maryland | $135,218 | $65 |
| 12 | Illinois | $133,766 | $64 |
| 13 | Minnesota | $132,052 | $63 |
| 14 | Wisconsin | $129,859 | $62 |
| 15 | Alabama | $129,706 | $62 |
| 16 | Michigan | $124,902 | $60 |
| 17 | Ohio | $123,472 | $59 |
| 18 | Colorado | $121,780 | $59 |
| 19 | Florida | $121,288 | $58 |
| 20 | Georgia | $119,589 | $57 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Mainline Health Systems | $173,693 | $83.51 | |
| 2 | St Luke's Hospital & Health Network Inc | $172,681 | $83.02 | |
| 3 | RapidSOS | $165,293 | $79.47 | |
| 4 | 23andMe | $159,987 | $76.92 | 1 |
| 5 | Autodesk | $157,145 | $75.55 | 56 |
| 6 | Fresenius Medical Care Windsor, LLC | $156,826 | $75.40 | 11 |
| 7 | Lincoln Center for the Performing Arts Endowment | $156,826 | $75.40 | |
| 8 | Lumentum | $156,791 | $75.38 | 6 |
| 9 | Industrial Distribution Group (idg) | $156,643 | $75.31 | |
| 10 | Fresenius Medical Care North America Holdings Limited Partnership | $155,727 | $74.87 | 18 |
| 11 | U.S. Cellular | $155,676 | $74.84 | |
| 12 | Precise Software Solutions | $155,319 | $74.67 | |
| 13 | Rainmakers | $153,866 | $73.97 | 3 |
| 14 | Activision Blizzard | $153,607 | $73.85 | 1 |
| 15 | The Hertz Corporation | $153,320 | $73.71 | 14 |
| 16 | GroupM | $152,974 | $73.55 | |
| 17 | Philips | $151,987 | $73.07 | 8 |
| 18 | Tranzact | $151,756 | $72.96 | |
| 19 | SIMS | $151,259 | $72.72 | |
| 20 | Spectrum | $149,995 | $72.11 | 1 |
A director, business development and strategy 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 director, business development and strategy job description:
There are various strategies that you can use to find the right director, business development and strategy for your business:
Recruiting directors, business development and strategy 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.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
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 director, business development and strategy 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 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.
Hiring a director, business development and strategy comes with both the one-time cost per hire and ongoing costs. The cost of recruiting directors, business development and strategy 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 director, business development and strategy recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $154,933 per year for a director, business development and strategy, 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 directors, business development and strategy in the US typically range between $51 and $107 an hour.