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General manager of business development hiring summary. Here are some key points about hiring general managers of business development in the United States:
Here's a step-by-step general manager of business development hiring guide:
First, determine the employments status of the general manager of business development you need to hire. Certain general manager of business development roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect general manager of business development also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of general managers of business development and their corresponding salaries.
| Type of General Manager Of Business Development | Description | Hourly rate |
|---|---|---|
| General Manager Of Business Development | 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. | $33-92 |
| Business Unit Manager | A business unit manager handles a unit or segment of the company. This unit may be a specialized team on specific projects or a part of a significant production process... Show more | $38-88 |
| Business Manager | A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures... Show more | $22-69 |
Including a salary range in your general manager of business development job description is one of the best ways to attract top talent. A general manager of business development can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $142,322 | $68 |
| 2 | New York | $102,881 | $49 |
| 3 | Nevada | $99,497 | $48 |
| 4 | North Carolina | $98,722 | $47 |
| 5 | Michigan | $93,672 | $45 |
| 6 | Maryland | $92,053 | $44 |
| 7 | Texas | $90,086 | $43 |
| 8 | Illinois | $88,965 | $43 |
| 9 | Florida | $83,436 | $40 |
| 10 | Ohio | $82,071 | $39 |
| 11 | Colorado | $78,245 | $38 |
| 12 | Minnesota | $75,029 | $36 |
| 13 | Missouri | $69,419 | $33 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Arrow Electronics | $145,289 | $69.85 | 79 |
| 2 | Northrop Grumman | $127,375 | $61.24 | 64 |
| 3 | DISH Network | $112,139 | $53.91 | |
| 4 | Doctors Medical Ctr | $103,747 | $49.88 | |
| 5 | ZOLTEK | $103,251 | $49.64 | |
| 6 | NextNav | $103,249 | $49.64 | |
| 7 | The Parking Spot | $102,706 | $49.38 | 6 |
| 8 | Accord Healthcare | $101,973 | $49.03 | |
| 9 | Pemex Procurement International | $101,964 | $49.02 | |
| 10 | The Trade Desk | $101,860 | $48.97 | 19 |
| 11 | Flight Centre | $95,200 | $45.77 | 28 |
| 12 | UnitedHealth Group | $92,166 | $44.31 | 79 |
| 13 | Central Garden & Pet | $83,088 | $39.95 | 6 |
A good general manager of business development job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a general manager of business development job description:
To find the right general manager of business development for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit general managers of business development, 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.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the general manager of business development candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
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 general manager of business development. 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.
Before you start to hire general managers of business development, 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 general managers of business development pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for general managers of business development is $116,506 in the US. However, the cost of general manager of business development hiring can vary a lot depending on location. Additionally, hiring a general manager of business development for contract work or on a per-project basis typically costs between $33 and $92 an hour.