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Inventory specialist manager hiring summary. Here are some key points about hiring inventory specialist managers in the United States:
Here's a step-by-step inventory specialist manager hiring guide:
In warehouses, an inventory specialist manager is in charge of developing strategies to optimize a company's supply chain and inventory operations. They typically perform research and analysis to identify the best practices, gather and analyze data, liaise with internal and external parties, control and monitor the flow of materials, and address issues and concerns, resolving them promptly and efficiently. Furthermore, as a manager, it is essential to lead and encourage teams to reach goals, all while implementing the company's policies and regulations.
Before you post your inventory specialist manager 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 an inventory specialist manager for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them an inventory specialist manager 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 inventory specialist manager that fits the bill.
Here's a comparison of inventory specialist manager salaries for various roles:
| Type of Inventory Specialist Manager | Description | Hourly rate |
|---|---|---|
| Inventory Specialist Manager | 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. | $38-72 |
| Manager, Center Operations | The duties of a manager of center operations depend on one's industry of employment. Typically, their responsibilities revolve around overseeing business operations, setting targets, assessing the workforce's performance, and performing corrective measures on any issues or concerns... Show more | $18-46 |
| Manager | Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department... Show more | $17-44 |
Including a salary range in your inventory specialist manager job description helps attract top candidates to the position. An inventory specialist manager 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 manager in Arkansas may be lower than in New Jersey, and an entry-level inventory specialist manager usually earns less than a senior-level inventory specialist manager. Additionally, an inventory specialist manager 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 | California | $129,380 | $62 |
| 2 | New Jersey | $128,045 | $62 |
| 3 | New York | $126,331 | $61 |
| 4 | Colorado | $120,550 | $58 |
| 5 | District of Columbia | $112,016 | $54 |
| 6 | Washington | $112,015 | $54 |
| 7 | Virginia | $109,402 | $53 |
| 8 | Illinois | $104,161 | $50 |
| 9 | Pennsylvania | $103,766 | $50 |
| 10 | Massachusetts | $103,034 | $50 |
| 11 | Connecticut | $101,470 | $49 |
| 12 | Delaware | $99,059 | $48 |
| 13 | North Carolina | $97,818 | $47 |
| 14 | Missouri | $97,806 | $47 |
| 15 | Michigan | $97,099 | $47 |
| 16 | Texas | $96,584 | $46 |
| 17 | Minnesota | $91,297 | $44 |
| 18 | Arizona | $89,645 | $43 |
| 19 | Ohio | $89,070 | $43 |
| 20 | Nebraska | $87,838 | $42 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Amazon | $132,457 | $63.68 | 1,027 |
| 2 | Microsoft | $129,718 | $62.36 | 30 |
| 3 | BNY Mellon | $117,696 | $56.58 | 4 |
| 4 | HSBC Bank | $114,327 | $54.96 | 6 |
| 5 | Ice Cream | $98,109 | $47.17 | |
| 6 | Deloitte | $97,512 | $46.88 | 2,067 |
| 7 | Spirit AeroSystems | $97,281 | $46.77 | |
| 8 | Cognizant | $95,959 | $46.13 | 14 |
| 9 | Independent Power Systems, Inc. | $94,347 | $45.36 | |
| 10 | Delicato Family Wines | $92,721 | $44.58 | 3 |
| 11 | US Foods | $86,555 | $41.61 | 49 |
| 12 | Stemilt Growers | $86,190 | $41.44 | |
| 13 | Raytheon Technologies | $83,027 | $39.92 | 27 |
| 14 | Room & Board | $70,418 | $33.85 | 3 |
| 15 | Scheels | $32,689 | $15.72 | 7 |
A good inventory specialist manager 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 an inventory specialist manager job description:
There are a few common ways to find inventory specialist managers for your business:
During your first interview to recruit inventory specialist managers, 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 have selected a candidate for the inventory specialist manager 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 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.
Once that's done, you can draft an onboarding schedule for the new inventory specialist manager. 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.
Recruiting inventory specialist managers 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.
You can expect to pay around $109,820 per year for an inventory specialist manager, 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 inventory specialist managers in the US typically range between $38 and $72 an hour.