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Inventory specialist hiring summary. Here are some key points about hiring inventory specialists in the United States:
Here's a step-by-step inventory specialist hiring guide:
An Inventory Specialist's responsibility is to oversee the inventory in a warehouse or establishment. Most of the tasks of an Inventory Specialist revolve around monitoring the requisition, storage, and deliveries of supplies and merchandise to ensure the quality and quantity of the products. Moreover, the Inventory Specialist also has the responsibility to coordinate with store management when issues arise, train newly hired staff to be a valuable part of the workforce, and provide inventory reports and records to the administration.
First, determine the employments status of the inventory specialist you need to hire. Certain inventory specialist roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect inventory specialist 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.
This list shows salaries for various types of inventory specialists.
| Type of Inventory Specialist | Description | Hourly rate |
|---|---|---|
| Inventory Specialist | Material recording clerks track product information in order to keep businesses and supply chains on schedule. They ensure proper scheduling, recordkeeping, and inventory control. | $12-23 |
| Warehouse Coordinator | A warehouse coordinator is responsible for monitoring the supply and distribution operations of a warehouse, loading and unloading merchandise from the delivery trucks, and storing items appropriately on the facility. Warehouse coordinators assist in packing and labeling items, pulling out products from delivery, and ensuring the correct quantity and quality of the items before release... Show more | $12-19 |
| Inventory Control Clerk | An inventory control clerk is responsible for managing the stock inventory, recording incoming and outgoing deliveries, and inspecting proper labeling before moving the products to the storage areas. Inventory control clerks resolve inventory discrepancies, checking and reviewing product details and reports from the warehouse software database... Show more | $13-20 |
Including a salary range in your inventory specialist job description helps attract top candidates to the position. An inventory specialist 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 an inventory specialist in Florida may be lower than in Massachusetts, and an entry-level inventory specialist usually earns less than a senior-level inventory specialist. Additionally, an inventory specialist 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 | Massachusetts | $49,724 | $24 |
| 2 | New York | $45,169 | $22 |
| 3 | Maine | $43,867 | $21 |
| 4 | Pennsylvania | $42,443 | $20 |
| 5 | California | $40,999 | $20 |
| 6 | Washington | $38,434 | $18 |
| 7 | Virginia | $38,091 | $18 |
| 8 | Maryland | $37,409 | $18 |
| 9 | District of Columbia | $37,182 | $18 |
| 10 | Minnesota | $36,484 | $18 |
| 11 | Wisconsin | $36,397 | $18 |
| 12 | Illinois | $36,231 | $17 |
| 13 | Arizona | $36,034 | $17 |
| 14 | Oregon | $35,386 | $17 |
| 15 | Nevada | $35,375 | $17 |
| 16 | Indiana | $35,223 | $17 |
| 17 | Ohio | $34,652 | $17 |
| 18 | Colorado | $34,641 | $17 |
| 19 | Tennessee | $34,258 | $16 |
| 20 | Georgia | $34,109 | $16 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Ensign Energy | $57,299 | $27.55 | |
| 2 | $54,156 | $26.04 | 1 | |
| 3 | Baker Hughes | $51,541 | $24.78 | 2 |
| 4 | Alere | $48,028 | $23.09 | |
| 5 | Dana-Farber Cancer Institute | $44,762 | $21.52 | |
| 6 | Dairy Farmers of America | $43,393 | $20.86 | 42 |
| 7 | Massachusetts General Hospital | $43,184 | $20.76 | |
| 8 | Philips | $43,122 | $20.73 | 1 |
| 9 | Univision Communications | $43,031 | $20.69 | |
| 10 | Boston Medical Center | $42,958 | $20.65 | 2 |
| 11 | Raytheon Technologies | $41,950 | $20.17 | 8 |
| 12 | Solar.com | $41,779 | $20.09 | 3 |
| 13 | Mars | $41,777 | $20.09 | 1 |
| 14 | CSC Holdings LLC | $41,317 | $19.86 | |
| 15 | Genentech | $40,988 | $19.71 | |
| 16 | Boardwalk Pipeline Partners | $40,917 | $19.67 | |
| 17 | Harrison Walker & Harper | $40,660 | $19.55 | |
| 18 | Nestlé | $40,560 | $19.50 | 3 |
| 19 | Danaher | $40,212 | $19.33 | 7 |
| 20 | Boeing | $40,117 | $19.29 | 15 |
A job description for an inventory specialist role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an inventory specialist job description:
To find inventory specialists for your business, try out a few different recruiting strategies:
Your first interview with inventory specialist 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've found the inventory specialist 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.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new inventory specialist 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 inventory specialists 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.
Inventory specialists earn a median yearly salary is $35,752 a year in the US. However, if you're looking to find inventory specialists for hire on a contract or per-project basis, hourly rates typically range between $12 and $23.