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How to hire a managing owner

Managing owner hiring summary. Here are some key points about hiring managing owners in the United States:

  • There are a total of 720,030 managing owners in the US, and there are currently 57,461 job openings in this field.
  • The median cost to hire a managing owner is $1,633.
  • Small businesses spend $1,105 per managing owner on training each year, while large companies spend $658.
  • It takes between 36 and 42 days to fill the average role in the US.
  • It takes approximately 12 weeks for a new employee to reach full productivity levels.
  • HR departments typically allocate 15% of their budget towards recruitment efforts.
  • Chicago, IL, has the highest demand for managing owners, with 5 job openings.

How to hire a managing owner, step by step

To hire a managing owner, consider the skills and experience you are looking for in a candidate, allocate a budget for the position, and post and promote the job opening to reach potential candidates. Follow these steps to hire a managing owner:

Here's a step-by-step managing owner hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write a managing owner job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new managing owner
  • Step 8: Go through the hiring process checklist
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  1. Identify your hiring needs

    The managing owner 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.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    Hiring the perfect managing owner 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 presents managing owner salaries for various positions.

    Type of Managing OwnerDescriptionHourly rate
    Managing OwnerTop executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.$31-88
    EntrepreneurAn entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals... Show more$20-56
    Co-Owner/OperatorA co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly... Show more$10-23
  2. Create an ideal candidate profile

    Common skills:
    • Lifecycle Management
    • Customer Service
    • Management Process
    • ITIL
    • Payroll
    • Financial Statements
    • Property Management
    • Real Estate
    • Business Management
    • HVAC
    • Human Resources
    • Logistics
    • Inventory Control
    • Business Operations
    Check all skills
    Responsibilities:
    • Develop, implement and manage content marketing, SEO and social strategies.
    • Create quarterly operations budgets, manage company finances and payroll.
    • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
    • Use QuickBooks as a tool for accounts payable & receivable.
    • Direct and supervise internal operations, staffing, QuickBooks AR/AP, public relations and generate internal process improvements.
    • Create new SEO and conversion friendly customer websites including original content publishing.
  3. Make a budget

    Including a salary range in your managing owner job description is a great way to entice the best and brightest candidates. A managing owner salary can vary based on several factors:
    • Location. For example, managing owners' average salary in hawaii is 66% less than in washington.
    • Seniority. Entry-level managing owners earn 64% less than senior-level managing owners.
    • Certifications. A managing owner with a few certifications under their belt will likely demand a higher salary.
    • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a managing owner's salary.

    Average managing owner salary

    $111,101yearly

    $53.41 hourly rate

    Entry-level managing owner salary
    $66,000 yearly salary
    Updated December 13, 2025
  4. Writing a managing owner job description

    A managing owner 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 a managing owner job description:

    Managing owner job description example

  5. ITL v3 or v4 certificate (not required but beneficial)

  6. Work Experience Qualification:

    • Min. 5 years of relevant IT experience with ITIL practices specifically Knowledge Management

    • Fluent English (Written and Spoken)

    • Proven experience with ServiceNow including report and dashboard creation / management

    • Experience with creating demands, user requirements / stories and user acceptance testing

    • Knowledge of Agile principles

    • Knowledge of FDA regulations related to computerized systems

    As a healthcare company and a vaccine manufacturer, Sanofi has an important responsibility to protect individual and public health. All US based roles require individuals to be fully vaccinated against COVID-19 as part of your job responsibilities.

    Fully vaccinated, according to the CDC, an individual is considered to be “fully vaccinated” fourteen (14) days after receiving (a) the second dose of the Moderna or Pfizer vaccine, or (b) the single dose of the J&J vaccine. Fully vaccinated, for new Sanofi employees, is to be fully vaccinated 14 DAYS PRIOR TO START DATE.

    Sanofi Inc. and its U.S. affiliates are Equal Opportunity and Affirmative Action employers committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race; color; creed; religion; national origin; age; ancestry; nationality; marital, domestic partnership or civil union status; sex, gender, gender identity or expression; affectional or sexual orientation; disability; veteran or military status or liability for military status; domestic violence victim status; atypical cellular or blood trait; genetic information (including the refusal to submit to genetic testing) or any other characteristic protected by law.

    #GD-SA
    #LI-SA

    #DBBUS

    At Sanofi diversity and inclusion is foundational to how we operate and embedded in our Core Values. We recognize to truly tap into the richness diversity brings we must lead with inclusion and have a workplace where those differences can thrive and be leveraged to empower the lives of our colleagues, patients and customers. We respect and celebrate the diversity of our people, their backgrounds and experiences and provide equal opportunity for all.

  • Post your job

    There are a few common ways to find managing owners for your business:

    • Promoting internally or recruiting from your existing workforce.
    • Ask for referrals from friends, family members, and current employees.
    • Attend job fairs at local colleges to meet candidates with the right educational background.
    • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.
    Post your job online:
    • Post your managing owner job on Zippia to find and recruit managing owner candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  • Interview candidates

    Your first interview with managing owner 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.

  • Send a job offer and onboard your new managing owner

    Once you have selected a candidate for the managing owner 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.

    To prepare for the new managing owner 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.

  • Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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  • How much does it cost to hire a managing owner?

    Before you start to hire managing owners, 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 managing owners 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 $111,101 per year for a managing owner, 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 managing owners in the US typically range between $31 and $88 an hour.

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