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Executive vice president hiring summary. Here are some key points about hiring executive vice presidents in the United States:
Here's a step-by-step executive vice president hiring guide:
An executive vice president is responsible for monitoring departmental operations, managing customer relationships, developing the company's strategic goals, and identifying business opportunities that would maximize the company's performance, drive revenues, and achieve the business's profitability goals. Executive vice presidents contribute to sales innovations, negotiate business contracts, analyze financial reports, and minimize the company's expenses without compromising high-quality operations and customer satisfaction. An executive vice president must have excellent leadership and communication skills to support its daily operations to achieve its long-term goals and objectives.
Before you start hiring an executive vice president, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them an executive 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 an executive vice president that fits the bill.
This list shows salaries for various types of executive vice presidents.
| Type of Executive Vice President | Description | Hourly rate |
|---|---|---|
| Executive 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. | $56-189 |
| Vice President & General Manager | A vice president and general manager's role is to implement policies and regulations while overseeing the business operations. Typically, it is their primary responsibility to devise training programs that would produce more efficient workforce members, create new strategies to boost sales and customer satisfaction, and participate in budget and goals creation... Show more | $51-131 |
| Vice President Of Programming | A vice president of programming is responsible for organizing schedules and negotiating contracts with media producers of networks to release advertisements and other related campaigns for business operations. Vice presidents of programming handle the technical aspect of the creative operations and ensure the stability and efficient performance of network systems to deliver high-quality functions... Show more | $47-100 |
Including a salary range in your executive vice president job description is one of the best ways to attract top talent. An executive vice president can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $274,795 | $132 |
| 2 | Washington | $265,842 | $128 |
| 3 | New Jersey | $243,627 | $117 |
| 4 | Massachusetts | $243,452 | $117 |
| 5 | New York | $242,745 | $117 |
| 6 | Pennsylvania | $238,012 | $114 |
| 7 | Connecticut | $236,054 | $113 |
| 8 | Minnesota | $235,699 | $113 |
| 9 | Illinois | $225,715 | $109 |
| 10 | California | $222,524 | $107 |
| 11 | North Carolina | $218,849 | $105 |
| 12 | Maryland | $206,817 | $99 |
| 13 | Colorado | $204,081 | $98 |
| 14 | Virginia | $202,429 | $97 |
| 15 | Texas | $189,465 | $91 |
| 16 | Nevada | $187,436 | $90 |
| 17 | Oklahoma | $176,964 | $85 |
| 18 | Georgia | $174,880 | $84 |
| 19 | Ohio | $170,887 | $82 |
| 20 | Florida | $169,309 | $81 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Gartner | $290,823 | $139.82 | 175 |
| 2 | Forrester | $288,021 | $138.47 | 13 |
| 3 | City of New York | $285,703 | $137.36 | 44 |
| 4 | Weber Shandwick | $284,809 | $136.93 | 28 |
| 5 | Leo Burnett | $284,557 | $136.81 | |
| 6 | BCW Global | $283,374 | $136.24 | 7 |
| 7 | TNS | $278,636 | $133.96 | |
| 8 | BBDO Detroit | $277,760 | $133.54 | |
| 9 | FIS | $275,367 | $132.39 | 4 |
| 10 | Perry Ellis International | $275,343 | $132.38 | 7 |
| 11 | FleishmanHillard | $274,457 | $131.95 | 39 |
| 12 | Lowell General Hospital | $267,208 | $128.47 | |
| 13 | Wps Health Insurance | $266,854 | $128.30 | 2 |
| 14 | Penske Automotive Group | $263,850 | $126.85 | |
| 15 | MetLife | $260,063 | $125.03 | 18 |
| 16 | Victoria's Secret | $257,627 | $123.86 | 3 |
| 17 | Ketchum | $256,208 | $123.18 | 42 |
| 18 | R/GA | $255,410 | $122.79 | 16 |
| 19 | Chubb | $254,484 | $122.35 | 126 |
| 20 | Capgemini | $254,107 | $122.17 | 37 |
An executive 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 an executive vice president job description:
To find executive vice presidents for your business, try out a few different recruiting strategies:
To successfully recruit executive 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 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.
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 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.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new executive vice president 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.
Before you start to hire executive vice presidents, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire executive vice presidents pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $216,285 per year for an executive vice president, 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 executive vice presidents in the US typically range between $56 and $189 an hour.