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Planning analyst hiring summary. Here are some key points about hiring planning analysts in the United States:
Here's a step-by-step planning analyst hiring guide:
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
Before you start hiring a planning analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A planning analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, planning analysts 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 planning analyst salaries for various positions.
| Type of Planning Analyst | Description | Hourly rate |
|---|---|---|
| Planning Analyst | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $23-44 |
| Business Operations Analyst | A business operations analyst is a professional who identifies and solves issues related to the performance of the business operations. Together with the management and engineering departments, business operations analysts must analyze and review a vast amount of data to identify business opportunities... Show more | $21-42 |
| Administrative Analyst | An administrative analyst specializes in analyzing the company's processes and operations to come up with the best practices for the business. Their responsibilities revolve around conducting research and analysis through site inspections, surveys, interviews, and assessments... Show more | $17-38 |
Including a salary range in your planning analyst job description helps attract top candidates to the position. A planning analyst 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 a planning analyst in Nevada may be lower than in Rhode Island, and an entry-level planning analyst usually earns less than a senior-level planning analyst. Additionally, a planning analyst 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 | District of Columbia | $77,647 | $37 |
| 2 | Massachusetts | $75,632 | $36 |
| 3 | New York | $75,580 | $36 |
| 4 | California | $75,421 | $36 |
| 5 | Maryland | $73,108 | $35 |
| 6 | Connecticut | $72,568 | $35 |
| 7 | Virginia | $72,464 | $35 |
| 8 | Illinois | $70,482 | $34 |
| 9 | Washington | $70,161 | $34 |
| 10 | Wisconsin | $69,662 | $33 |
| 11 | North Carolina | $69,225 | $33 |
| 12 | Michigan | $68,290 | $33 |
| 13 | Pennsylvania | $67,038 | $32 |
| 14 | Texas | $64,737 | $31 |
| 15 | Oregon | $64,163 | $31 |
| 16 | Colorado | $63,140 | $30 |
| 17 | Ohio | $61,273 | $29 |
| 18 | Georgia | $61,015 | $29 |
| 19 | Missouri | $60,877 | $29 |
| 20 | Arizona | $60,412 | $29 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $115,305 | $55.44 | 140 |
| 2 | Genentech | $105,273 | $50.61 | 6 |
| 3 | Apple | $104,983 | $50.47 | 17 |
| 4 | Citi | $104,694 | $50.33 | 55 |
| 5 | Nike | $104,565 | $50.27 | 9 |
| 6 | Intuitive Surgical | $103,917 | $49.96 | 3 |
| 7 | Ropes & Gray | $102,542 | $49.30 | 3 |
| 8 | Boehringer Ingelheim | $102,267 | $49.17 | 1 |
| 9 | Amazon | $102,039 | $49.06 | 85 |
| 10 | Pacific Gas and Electric | $101,460 | $48.78 | |
| 11 | Macy's | $101,452 | $48.77 | 4 |
| 12 | Uber Technologies | $101,206 | $48.66 | |
| 13 | Watson Wyatt | $100,933 | $48.53 | |
| 14 | Ross Stores | $99,786 | $47.97 | 27 |
| 15 | Texas Instruments | $99,763 | $47.96 | |
| 16 | Levi Strauss & Co. | $99,564 | $47.87 | 3 |
| 17 | Burlington | $98,947 | $47.57 | 7 |
| 18 | CrowdStrike | $97,691 | $46.97 | 4 |
| 19 | Chewy | $97,560 | $46.90 | 3 |
| 20 | Michaels Stores | $97,538 | $46.89 | 3 |
A job description for a planning analyst 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 a planning analyst job description:
To find planning analysts for your business, try out a few different recruiting strategies:
Recruiting planning analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
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've found the planning analyst 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.
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 planning analyst 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.
Before you start to hire planning analysts, 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 planning analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Planning analysts earn a median yearly salary is $68,137 a year in the US. However, if you're looking to find planning analysts for hire on a contract or per-project basis, hourly rates typically range between $23 and $44.