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Sales producer hiring summary. Here are some key points about hiring sales producers in the United States:
Here's a step-by-step sales producer hiring guide:
A sales producer is responsible for performing sales calls and administering all leads. You will be responsible for preparing the policies aimed at sales procedures and developing the necessary sales documents. Other responsibilities include making sure that all sales personnel adhere to all policies and procedures, coordinating with customers about policy expiration dates, and maintaining strong and long-lasting relationships with customers. As a sales producer, you will be responsible for managing prospective sale campaigns and managing all correspondence with both prospective and existing clients.
Before you start hiring a sales producer, 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.
You should also consider the ideal background you'd like them a sales producer to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a sales producer that fits the bill.
The following list breaks down different types of sales producers and their corresponding salaries.
| Type of Sales Producer | Description | Hourly rate |
|---|---|---|
| Sales Producer | Insurance sales agents help insurance companies generate new business by contacting potential customers and selling one or more types of insurance. Insurance sales agents explain various insurance policies and help clients choose plans that suit them. | $11-51 |
| Agent | Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors... Show more | $9-34 |
| Licensed Agent | Licensed Agents act as authorized brokers acting on behalf of an individual owner or organization in selling a product, service, or property. There are many different pathways a licensed agent can delve into, such as in real estate, insurance, and banking... Show more | $13-29 |
Including a salary range in the sales producer job description is a good way to get more applicants. A sales producer salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a sales producer in Georgia may be lower than in Massachusetts, and an entry-level engineer typically earns less than a senior-level sales producer. Additionally, a sales producer with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $100,296 | $48 |
| 2 | New York | $93,402 | $45 |
| 3 | Washington | $89,687 | $43 |
| 4 | New Jersey | $88,316 | $42 |
| 5 | Alaska | $87,773 | $42 |
| 6 | Wisconsin | $85,822 | $41 |
| 7 | Pennsylvania | $79,309 | $38 |
| 8 | Maryland | $74,166 | $36 |
| 9 | Ohio | $70,653 | $34 |
| 10 | California | $70,112 | $34 |
| 11 | Oregon | $70,009 | $34 |
| 12 | North Carolina | $64,886 | $31 |
| 13 | Illinois | $64,282 | $31 |
| 14 | North Dakota | $58,766 | $28 |
| 15 | Texas | $57,342 | $28 |
| 16 | Nevada | $56,382 | $27 |
| 17 | Indiana | $56,323 | $27 |
| 18 | South Dakota | $56,224 | $27 |
| 19 | South Carolina | $55,907 | $27 |
| 20 | Florida | $52,771 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Cochrane & Company | $140,441 | $67.52 | |
| 2 | Time Insurance Agency | $137,230 | $65.98 | |
| 3 | The Plexus Groupe | $134,064 | $64.45 | 1 |
| 4 | Brown & Brown | $129,690 | $62.35 | 47 |
| 5 | HUB International | $129,041 | $62.04 | 78 |
| 6 | The Hanover Insurance Group | $127,213 | $61.16 | 1 |
| 7 | Gallagher | $123,326 | $59.29 | |
| 8 | Premier Mortgage Corporation | $116,370 | $55.95 | |
| 9 | HMSA | $116,333 | $55.93 | |
| 10 | Leader Bank | $113,810 | $54.72 | |
| 11 | GPAC | $112,807 | $54.23 | |
| 12 | Symmetry Financial Group | $100,210 | $48.18 | 12 |
| 13 | Tompkins Insurance | $95,664 | $45.99 | |
| 14 | H-E-B | $92,696 | $44.57 | 3 |
| 15 | Asurea | $90,769 | $43.64 | 288 |
| 16 | Efinancial | $88,036 | $42.33 | |
| 17 | NBCUniversal | $87,432 | $42.03 | 109 |
| 18 | Farmers Insurance | $87,129 | $41.89 | 235 |
| 19 | Allstate | $85,626 | $41.17 | 70 |
| 20 | Step-Up | $84,612 | $40.68 |
A good sales producer job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a sales producer job description:
There are various strategies that you can use to find the right sales producer for your business:
Your first interview with sales producer 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.
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've decided on a perfect sales producer candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
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 sales producer 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.
Recruiting sales producers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $51,287 per year for a sales producer, 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 sales producers in the US typically range between $11 and $51 an hour.