Research Summary. Some key points about hiring a owners in the United States include:

  • HR departments typically spend 15% of their expenses on recruitment.
  • It usually takes about 12 weeks for a new employee to reach full productivity levels.
  • It typically takes 36-42 days to fill a job opening.
  • The median cost to hire an owner is $1,633.
  • Small businesses spend an average of $1,105 per owner on training each year, while large companies spend $658.
  • There are currently 770,973 owners in the US and 86,486 job openings.
  • Chicago, IL, has the highest demand for owners, with 19 job openings.
  • New York, NY has the highest concentration of owners.

Post A Job For Free, Promote It For A Fee

How Much Does it Cost to Hire an Owner

Hiring an owner comes with both the one-time cost per hire and ongoing costs. The cost of recruiting owners 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 owner recruiting as well the ongoing costs of maintaining the new employee.

You can expect to pay around $90,334 per year for an 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 owners in the US typically range between $28 and $64 an hour.

Find Better Talent in Less Time
Post a Job on Zippia and take the best from over 7 million monthly job seekers.

How to hire an Owner, step by step

To hire an owner, you need to identify the specific skills and experience you want in a candidate, allocate a budget for the position, and advertise the job opening to attract potential candidates. To hire an owner, you should follow these steps:

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

Identify Your Needs

The first step to find owners for hire is determining what type of worker you actually need. Certain roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

Determine Employee vs Contractor Status
Your Progress
Is the person you're thinking of hiring a US citizen or green card holder?

An owner's background is also an important factor in determining whether they'll be a good fit for the position. For example, owners 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.

Here's a comparison of the average salaries of common owner roles:

Type Of OwnerDescriptionHourly Rate
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.$28-64
Vice PresidentVice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties... Show More$51-112
PresidentPresidents are usually the highest-level executives in an organization. They oversee the whole company... Show More$54-155

Create An Ideal Candidate Profile

Before you start to recruit owners, imagine the ideal employee for this position and begin creating a profile and job description. What skills do they have, and what responsibilities do they have to be proficient in?

Here is a list of skills that are commonly associated with owner:

Common Skills:
  • Customer Service
  • Payroll
  • Financial Statements
  • Product Development
  • Real Estate
  • Business Development
  • Windows
  • Business Management
  • Photography
  • Business Plan
  • Human Resources
  • Graphic Design
  • Inventory Control
  • Retail Sales
Check All Skills

Here are the most common owner responsibilities:

  • Manage web content and a PHP / MySQL application.
  • Create and develop a website to help clients easily manage their instagram account to gain exposure.
  • Execute all social media marketing and manage the company Facebook page/campaigns.
  • Manage human resource functions by generating payroll, scheduling and upholding company policies.
  • License Maryland home improvement contractor managing a small home improvement business that specializes in doors and windows.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
Check all Duties

Cultural fit is also an essential factor that you shouldn't overlook. Consider how your perfect owner will contribute to the team dynamic and help grow the team's culture in a positive way. If you can include a clear vision of this in your owner job description, it'll help attract candidates who are better suited for the position.

Most Common States For Owners In The US

Rank #State# Of Jobs% of PopulationAvg. Salary

Professional Project Manager CV example

Make A Budget

Including a salary range in the job description can help attract top candidates to the position. An owner salary can be affected by several factors, such as the location of the job, the level of experience and seniority of the candidate, any certifications they may hold, and the prestige of the company they will be working for. For example, the average salary for an owner in Louisiana may be lower than in New Jersey, and an entry-level owner may earn less than a senior-level owner. Additionally, an owner with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

Updated March 16, 2023

Owner Salary Estimate


$43.43 hourly

Entry level Salary
$60,000 yearly

Owner Average Salary By Location

RankStateAvg. SalaryHourly RateJob Count
1New York$134,539$655
2District of Columbia$121,655$587
5Rhode Island$119,148$572

Owner Average Salary By Company

RankCompanyAverage SalaryHourly RateJob Openings
1BP America Inc$149,144$71.70
2Boehringer Ingelheim$144,588$69.511
3Fairview Health Services$139,541$67.09
6General Motors$135,386$65.094
8Gundersen Lutheran Medical Foundation Inc.$133,140$64.014
11Takeda Pharmaceuticals U.S.A., Inc.$128,638$61.8526
12Toyota Financial Svc$128,006$61.542
14Magna International$127,714$61.402
15Vestas Blades America$127,236$61.17
16Alene Candles$126,316$60.73
18Ernst & Young$124,162$59.69
20New Life$121,831$58.57

Writing an Owner Job Description

A good owner job description should include a few things:

  • Summary of the role
  • List of responsibilities
  • Required skills and experience
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an owner job description:

Example of Full Job Description

Are you inspired by “what's next”? So are we.

When you join the Albemarle team, you contribute to a better tomorrow. You will play a role in powering many of the world's largest and most critical industries, from energy and communications to transportation and electronics. We are putting innovation to work to improve people's lives and we want YOU to be a part of it.

Job Description

Global Process Framework & Governance Leader
Job Description:
Are you inspired by “what's next”? So are we.
When you join the Albemarle team, you contribute to a better tomorrow. You will play a role in powering many of the world's largest and most critical industries, from energy and communications to transportation and electronics. We are putting innovation to work to improve people's lives and we want YOU to be a part of it.

Albemarle is seeking a leader to create alignment of global process improvements with strategic business needs through effective process governance. This is a newly created position that will require development of a process owner framework to ensure all Global Process Owners (GPO) work with a consistent approach and methodology across the enterprise and in partnership with the IT Team. This leader will also help to establish common expectations of the GPO. You will collaborate with GPO's and leaders across the enterprise to ensure support of the GPO network and to ensure the GPO network is consistently delivering on the work necessary to achieve the company strategy. To excel in this role, you must be passionate about global process efficiency and effectiveness, be organized, good mentor and ability to multitask and communicate well with others.

Roles and Responsibilities
Orchestrates a community of Global Process Owners to ensure alignment across the enterprise business processes with business needs Serve as the facilitator and key support leader for the community of GPO's and the IT TeamCreates and evolves a framework for all GPOs to provide consistent support and leadership of all business processes.Advance the usage of BPM across the enterprise to bring focus to process improvement, training improvement, and process adherence.Works with GPOs to assist them in identifying, implementing and improving key strategic objectives through OKR Conduct regular GPO alignment workshops with business leaders Assess GPO maturity of the team(s) and coach to higher levels of maturity, at a pace that is sustainable Conduct ongoing evaluations to ensure the effectiveness of GPO support, training, and process documentation Coach teams on how to remove complex roadblocks and impediments to change and delivery of process improvements Drive continuous improvement through transparency, customer focus, and collaboration Proactively collaborate and communicate with internal and external stakeholders to address GPO knowledge gaps to support GPO effectiveness Ability to effectively communicate with executive leadership and peers, including strong writing skills to draft and publish internal technical documentation, SOP's, specifications, business cases, etc.
Preferred Qualifications
A Bachelor's degree in Information Technology or similar or relevant job experience10+ years of experience in working with business process systems or similar systems design5+ years of experience working in an Agile environment helping teams efficiently deliver value Excellent organization skills and an ability to develop and implement plans for major issues and projects Demonstrated ability to effectively prioritize and balance multiple activities Resourceful, takes the initiative to accomplish goals and objectives Works well in a team environment and is comfortable with an extremely fast pace, switching priorities, and multitasking.
Choose to unlock your full POTENTIAL. Apply today.

Post A Job

There are various strategies that you can use to find the right owner for your business:

  • Consider promoting from within or recruiting from your existing workforce.
  • Ask for referrals from friends, family members, and current employees.
  • Attend job fairs at local colleges to find candidates who meet your education requirements.
  • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

Post your job online:

  • Post your owner job on Zippia to find and recruit owner candidates who meet your exact specifications.
  • Use field-specific websites.
  • Post a job on free websites.

Interview Process

To successfully recruit owners, your first interview needs to be all about engaging with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

It's also a good idea to ask about candidates' special skills and talents. If you think that 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.

Send A Job Offer And Onboard Your New Owner

Once you've found the owner 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, as well as the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer needs to be competitive if you really 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.

To prepare for the new 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 forms, benefits enrollment, and federal and state tax forms. Finally, Human Resources needs to make sure that a new employee file is created for internal recordkeeping.

Go Through The Checklist For The Hiring Process

  • 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.)
Sign Up To Download Full List
Are You An Employer?
Let us help you hire the right people for your Company.

Hiring Owners FAQs

How Much Does A Good Owner Cost?

A good owner costs $43.43 an hour in the US. However, it can vary based on factors such as the owner experience, abilities, industry, and the specific requirements of your business.

What Are The Duties Of An Owner?

The duties of an owner are:
  • Manage web content and a PHP / MySQL application.
  • Create and develop a website to help clients easily manage their instagram account to gain exposure.
  • Execute all social media marketing and manage the company Facebook page/campaigns.

Should I Hire An Owner With No Experience?

Yes, you should hire an owner with no experience. Hiring an entry-level owner with no experience offers versatility for your team. They may lack some qualifications, but are adaptable and have not yet formed problematic habits. However, more training may be required compared to experienced.

Search For Owner Jobs

Ready To Start Hiring?