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Operating partner hiring summary. Here are some key points about hiring operating partners in the United States:
Here's a step-by-step operating partner hiring guide:
An operating partner coordinates a portfolio company's efforts and serves as the liaison between private equity firms. They typically assess and manage teams, set objectives, establish guidelines and timelines, conduct market research and analyses, and assist teams in developing various operational strategies. They also gather and analyze extensive data, identify the strengths and weaknesses of existing processes, recommend solutions against problem areas, and create methods to optimize operations. Moreover, an operating partner must maintain an active communication line with staff while implementing the company's policies and regulations.
Before you post your operating partner 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 operating partner for hire on a part-time basis or as a contractor.
An operating partner's background is also an important factor in determining whether they'll be a good fit for the position. For example, operating partners from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents operating partner salaries for various positions.
| Type of Operating Partner | Description | Hourly rate |
|---|---|---|
| Operating Partner | 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. | $26-75 |
| Multi-Unit Manager | A multi-unit manager is responsible for supervising multiple departments and overseeing various process sectors within an organization. Multi-unit managers handle the budget limitations for each unit, allocating adequate resources to support business functions and client requirements... Show more | $23-41 |
| General Manager In Training | The responsibilities of a general manager in training primarily revolve around overseeing the operations in a store or business, ensuring everything is running smoothly. They mainly report to a more experienced or higher-ranking official, following their directives while still under the training program... Show more | $9-25 |
Including a salary range in your operating partner job description helps attract top candidates to the position. An operating partner 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 operating partner in Hawaii may be lower than in Virginia, and an entry-level operating partner usually earns less than a senior-level operating partner. Additionally, an operating partner 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 | New York | $138,484 | $67 |
| 2 | Virginia | $137,992 | $66 |
| 3 | District of Columbia | $133,507 | $64 |
| 4 | Massachusetts | $119,912 | $58 |
| 5 | California | $119,574 | $57 |
| 6 | Delaware | $117,015 | $56 |
| 7 | Connecticut | $111,894 | $54 |
| 8 | Maryland | $105,419 | $51 |
| 9 | North Carolina | $104,887 | $50 |
| 10 | Pennsylvania | $104,471 | $50 |
| 11 | Ohio | $102,427 | $49 |
| 12 | Wisconsin | $96,542 | $46 |
| 13 | Washington | $93,266 | $45 |
| 14 | Illinois | $92,379 | $44 |
| 15 | Texas | $91,146 | $44 |
| 16 | Georgia | $86,999 | $42 |
| 17 | Nevada | $86,661 | $42 |
| 18 | Florida | $86,116 | $41 |
| 19 | Arizona | $86,075 | $41 |
| 20 | New Hampshire | $84,479 | $41 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Teradata | $140,602 | $67.60 | |
| 2 | Meta | $139,944 | $67.28 | 62 |
| 3 | $139,019 | $66.84 | 44 | |
| 4 | Airtable | $138,092 | $66.39 | |
| 5 | ServiceNow | $131,508 | $63.23 | 27 |
| 6 | F5 | $130,270 | $62.63 | 6 |
| 7 | Verengo Solar | $125,626 | $60.40 | |
| 8 | Genentech | $125,113 | $60.15 | 4 |
| 9 | ServiceTitan | $120,301 | $57.84 | |
| 10 | Halliburton | $120,044 | $57.71 | |
| 11 | Guidewire Software | $116,768 | $56.14 | |
| 12 | Bloomberg | $115,337 | $55.45 | 16 |
| 13 | Gusto | $115,185 | $55.38 | 14 |
| 14 | Ribbon Home | $114,982 | $55.28 | |
| 15 | Delta Faucet Of Oklahoma Inc | $114,982 | $55.28 | 1 |
| 16 | Discord | $114,982 | $55.28 | 2 |
| 17 | Blue Cross & Blue Shield | $114,982 | $55.28 | |
| 18 | Robinhood | $114,323 | $54.96 | 11 |
| 19 | Hoffmann-LA Roche Inc | $114,144 | $54.88 | 3 |
| 20 | DoorDash | $114,022 | $54.82 | 14 |
A job description for an operating partner 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 operating partner job description:
To find operating partners for your business, try out a few different recruiting strategies:
During your first interview to recruit operating partners, 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.
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 operating partner 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 employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring an operating partner comes with both the one-time cost per hire and ongoing costs. The cost of recruiting operating partners involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of operating partner recruiting as well the ongoing costs of maintaining the new employee.
Operating partners earn a median yearly salary is $93,101 a year in the US. However, if you're looking to find operating partners for hire on a contract or per-project basis, hourly rates typically range between $26 and $75.