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Principal hiring summary. Here are some key points about hiring principals in the United States:
Here's a step-by-step principal hiring guide:
A principal is responsible for maintaining the orderliness of the school premises and supervising school operations, enforcing strict safety standards, and reiterating regulatory procedures. Principals' duties also include managing and monitoring school budget and expenses, improving security plans, conducting regular meetings and sharing updates with teachers and other school personnel, creating reports for school funding, and setting academic goals for everyone's compliance. A principal must administer excellent leadership, communication, and decision-making skills to handle major administrative tasks in maintaining the school's growth.
Before you post your principal 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 a principal for hire on a part-time basis or as a contractor.
A principal's background is also an important factor in determining whether they'll be a good fit for the position. For example, principals 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 shows salaries for various types of principals.
| Type of Principal | Description | Hourly rate |
|---|---|---|
| Principal | Elementary, middle, and high school principals manage all school operations, including daily school activities. They coordinate curricula, oversee teachers and other school staff, and provide a safe and productive learning environment for students. | $33-86 |
| School Director | A school director oversees educational programs, ensuring everything runs smoothly and efficiently. They typically gather and analyze data, review reports, monitor faculty staff's performance and the progress of all teaching methods, and resolve issues should any arise... Show more | $22-48 |
| School Business Manager | A school business manager is responsible for providing leadership and management of all teaching and non-teaching staff in a school setting and ensuring they perform their duties accordingly to achieve the required standards of learning. The duties and responsibilities include attending senior managerial meetings and taking the lead of all school responsibilities in the absence of the headteacher. | $20-42 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $134,786 | $65 |
| 2 | Connecticut | $134,397 | $65 |
| 3 | California | $131,173 | $63 |
| 4 | Massachusetts | $120,774 | $58 |
| 5 | New Jersey | $116,238 | $56 |
| 6 | District of Columbia | $114,147 | $55 |
| 7 | Pennsylvania | $111,129 | $53 |
| 8 | Washington | $104,893 | $50 |
| 9 | Virginia | $104,841 | $50 |
| 10 | North Carolina | $99,728 | $48 |
| 11 | Ohio | $98,198 | $47 |
| 12 | Indiana | $98,195 | $47 |
| 13 | Illinois | $95,741 | $46 |
| 14 | Minnesota | $88,089 | $42 |
| 15 | Texas | $87,970 | $42 |
| 16 | Arizona | $86,399 | $42 |
| 17 | Georgia | $83,763 | $40 |
| 18 | Missouri | $78,992 | $38 |
| 19 | Utah | $76,599 | $37 |
| 20 | Florida | $76,173 | $37 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | KKR & Co. L.P. | $237,657 | $114.26 | 2 |
| 2 | Cornerstone Research | $226,644 | $108.96 | |
| 3 | The Carlyle Group | $225,349 | $108.34 | 2 |
| 4 | Oliver Wyman | $222,181 | $106.82 | |
| 5 | McKinsey & Company Inc | $221,076 | $106.29 | |
| 6 | Bain & Company | $211,198 | $101.54 | 3 |
| 7 | Boston Consulting Group | $209,906 | $100.92 | 19 |
| 8 | New Foundations Charter School | $207,392 | $99.71 | |
| 9 | A.T. Kearney | $204,423 | $98.28 | 1 |
| 10 | Sagent Advisors | $201,356 | $96.81 | |
| 11 | ZS | $197,276 | $94.84 | 2 |
| 12 | Oak Hill Advisors | $196,888 | $94.66 | |
| 13 | Point B | $190,194 | $91.44 | |
| 14 | Coatue Management | $185,333 | $89.10 | |
| 15 | Bill & Melinda Gates Foundation | $185,311 | $89.09 | 2 |
| 16 | ACON Investments | $181,441 | $87.23 | |
| 17 | Playground Global | $181,399 | $87.21 | |
| 18 | Ampere | $178,746 | $85.94 | |
| 19 | Citi | $178,277 | $85.71 | 84 |
| 20 | Centerbridge Partners | $178,210 | $85.68 |
A job description for a principal 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 principal job description:
There are various strategies that you can use to find the right principal for your business:
During your first interview to recruit principals, 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've found the principal 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.
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 principal 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 principals, 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 principals 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 $111,719 per year for a principal, 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 principals in the US typically range between $33 and $86 an hour.