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Executive hiring summary. Here are some key points about hiring executives in the United States:
Here's a step-by-step executive hiring guide:
An Executive's responsibilities vary depending on an organization or company. However, most of the time, it involves a great deal of leadership and communication. An Executive must oversee and direct employees towards particular sets of goals and vision, create strategies and plans that will benefit the company's financial gains and workforce, and as well as evaluate and analyze the progress of various company departments. Moreover, an Executive holds the power of decision-making, such as in the aspects of budget, promotions, and policies.
The executive 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.
An executive's background is also an important factor in determining whether they'll be a good fit for the position. For example, executives 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 executive salaries for various positions.
| Type of Executive | Description | Hourly rate |
|---|---|---|
| Executive | 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. | $30-88 |
| Managing Administrator | A managing administrator is responsible for monitoring business operations by ensuring the efficiency of administrative functions, delegating tasks to administrative staff, and tracking project deliverables. Managing administrators respond to the clients' inquiries and complaints, directing them to appropriate personnel to address their concerns... Show more | $22-57 |
| Coordinator | Coordinators are responsible for liaising between the department they are assigned to and any other external party. They oversee projects or agreements... Show more | $12-29 |
Including a salary range in the executive job description is a good way to get more applicants. An executive 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 an executive in Tennessee may be lower than in Rhode Island, and an entry-level engineer typically earns less than a senior-level executive. Additionally, an executive with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Rhode Island | $153,126 | $74 |
| 2 | Connecticut | $139,893 | $67 |
| 3 | Massachusetts | $139,888 | $67 |
| 4 | Washington | $138,609 | $67 |
| 5 | New York | $135,461 | $65 |
| 6 | Virginia | $131,562 | $63 |
| 7 | District of Columbia | $130,047 | $63 |
| 8 | Nevada | $127,393 | $61 |
| 9 | Pennsylvania | $126,178 | $61 |
| 10 | California | $123,461 | $59 |
| 11 | Michigan | $118,498 | $57 |
| 12 | Maryland | $115,765 | $56 |
| 13 | Delaware | $114,796 | $55 |
| 14 | Ohio | $112,347 | $54 |
| 15 | Wisconsin | $108,740 | $52 |
| 16 | Arizona | $107,210 | $52 |
| 17 | Texas | $102,002 | $49 |
| 18 | Georgia | $101,873 | $49 |
| 19 | Iowa | $100,255 | $48 |
| 20 | Louisiana | $98,956 | $48 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Capgemini | $185,634 | $89.25 | 79 |
| 2 | Accenture | $166,251 | $79.93 | |
| 3 | Stanford Health Care | $165,466 | $79.55 | 1 |
| 4 | Earthjustice | $165,198 | $79.42 | |
| 5 | Apple | $164,241 | $78.96 | 18 |
| 6 | CVS Health | $153,871 | $73.98 | 178 |
| 7 | Sharp HealthCare | $150,977 | $72.59 | |
| 8 | Mortenson | $150,763 | $72.48 | 13 |
| 9 | ServiceNow | $149,037 | $71.65 | 147 |
| 10 | Salesforce | $148,409 | $71.35 | 164 |
| 11 | IBM | $147,913 | $71.11 | 42 |
| 12 | Clifford Chance | $147,427 | $70.88 | |
| 13 | Expedia Group | $146,416 | $70.39 | |
| 14 | Applied Materials | $144,714 | $69.57 | |
| 15 | W. R. Berkley | $143,859 | $69.16 | 15 |
| 16 | Sandia National Labs | $143,724 | $69.10 | |
| 17 | Tripadvisor | $142,661 | $68.59 | |
| 18 | Unisys | $142,448 | $68.48 | 3 |
| 19 | Software AG | $142,390 | $68.46 | |
| 20 | $141,973 | $68.26 | 41 |
An executive 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 an executive job description:
There are a few common ways to find executives for your business:
Your first interview with executive 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.
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 executive 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.
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 executive first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting executives involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
Executives earn a median yearly salary is $108,285 a year in the US. However, if you're looking to find executives for hire on a contract or per-project basis, hourly rates typically range between $30 and $88.