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Division vice president hiring summary. Here are some key points about hiring division vice presidents in the United States:
Here's a step-by-step division vice president hiring guide:
Division Vice Presidents are company executives that oversee a particular department or division. They are often employed in companies with a varied product line or wide geographical reach, thus needing divisions to streamline processes. Division Vice Presidents should have a solid background in the particular division that they are handling. They ensure that their division's performance is at par or would even exceed company targets and expectations.
Before you post your division 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 division vice president for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a division vice president 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 division vice president that fits the bill.
The following list breaks down different types of division vice presidents and their corresponding salaries.
| Type of Division Vice President | Description | Hourly rate |
|---|---|---|
| Division 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. | $50-115 |
| Managing Director | A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives... Show more | $34-112 |
| Chief Operating Officer | A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO... Show more | $38-110 |
Including a salary range in the division vice president job description is a good way to get more applicants. A division 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 division vice president in Wyoming may be lower than in Connecticut, and an entry-level engineer typically earns less than a senior-level division vice president. Additionally, a division vice president with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $220,846 | $106 |
| 2 | New York | $202,517 | $97 |
| 3 | Massachusetts | $197,649 | $95 |
| 4 | District of Columbia | $191,252 | $92 |
| 5 | California | $187,854 | $90 |
| 6 | Minnesota | $173,297 | $83 |
| 7 | Colorado | $172,745 | $83 |
| 8 | Texas | $165,954 | $80 |
| 9 | Indiana | $164,782 | $79 |
| 10 | Arizona | $162,031 | $78 |
| 11 | Delaware | $160,592 | $77 |
| 12 | Virginia | $160,368 | $77 |
| 13 | Tennessee | $156,054 | $75 |
| 14 | Illinois | $152,762 | $73 |
| 15 | Georgia | $149,219 | $72 |
| 16 | Nevada | $143,572 | $69 |
| 17 | Utah | $131,504 | $63 |
| 18 | South Carolina | $128,972 | $62 |
| 19 | Arkansas | $128,058 | $62 |
| 20 | New Mexico | $124,846 | $60 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Barclays | $207,899 | $99.95 | 22 |
| 2 | Hca Hospital Services Of San Diego | $193,859 | $93.20 | |
| 3 | Beazer Homes | $187,569 | $90.18 | 3 |
| 4 | Condé Nast | $183,570 | $88.25 | 1 |
| 5 | Goodman Manufacturing | $178,959 | $86.04 | 1 |
| 6 | Richmond American Homes | $177,438 | $85.31 | 2 |
| 7 | Dignity Health | $176,649 | $84.93 | 21 |
| 8 | Goldman Sachs | $176,557 | $84.88 | 49 |
| 9 | Nomura Securities | $168,460 | $80.99 | 15 |
| 10 | Morgan Stanley | $166,907 | $80.24 | 204 |
| 11 | McLane | $158,946 | $76.42 | 7 |
| 12 | All Medical Personnel | $158,469 | $76.19 | |
| 13 | Core-Mark International | $156,899 | $75.43 | |
| 14 | StoneX Group | $156,203 | $75.10 | 4 |
| 15 | Raymond James Financial | $155,566 | $74.79 | 43 |
| 16 | SPECTRO / AMETEK | $155,135 | $74.58 | |
| 17 | Jacobs Engineering Group | $154,749 | $74.40 | |
| 18 | Catholic Health Initiatives - Colorado | $153,511 | $73.80 | 22 |
| 19 | RT Holdings LLC | $153,511 | $73.80 | 6 |
| 20 | Jacobs Enterprises | $153,495 | $73.80 | 9 |
A division vice president 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. Below, you can find an example of a division vice president job description:
To find the right division vice president for your business, consider trying out a few different recruiting strategies:
To successfully recruit division vice presidents, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
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 have selected a candidate for the division vice president 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.
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 division vice presidents. 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 division vice president employee.
The median annual salary for division vice presidents is $158,729 in the US. However, the cost of division vice president hiring can vary a lot depending on location. Additionally, hiring a division vice president for contract work or on a per-project basis typically costs between $50 and $115 an hour.