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Senior cost engineer hiring summary. Here are some key points about hiring senior cost engineers in the United States:
Here's a step-by-step senior cost engineer hiring guide:
Before you start hiring a senior cost engineer, 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 senior cost engineer 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 senior cost engineer that fits the bill.
The following list breaks down different types of senior cost engineers and their corresponding salaries.
| Type of Senior Cost Engineer | Description | Hourly rate |
|---|---|---|
| Senior Cost Engineer | Industrial engineers find ways to eliminate wastefulness in production processes. They devise efficient systems that integrate workers, machines, materials, information, and energy to make a product or provide a service. | $28-58 |
| Manufacturing Engineering Internship | A manufacturing engineering intern is responsible for assisting the manufacturing engineers on the plant's daily operations, analyzing the manufacturing process and procedures, and recommending strategic solutions to maximize productivity and minimize costs. Manufacturing engineering interns shadow the production staff, inspect the tools and equipment of the manufacturing, analyze the quality control documentation, and perform related administrative tasks to familiarize themselves with the plant structure... Show more | $19-32 |
| Controls Project Manager | A Controls Project Manager supervises the project control of engineering and construction projects. They are responsible for estimating costs, monitoring work progress, and quality assurance. | $37-79 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $108,216 | $52 |
| 2 | Washington | $98,801 | $48 |
| 3 | New York | $95,500 | $46 |
| 4 | Virginia | $91,923 | $44 |
| 5 | Colorado | $88,725 | $43 |
| 6 | Michigan | $88,593 | $43 |
| 7 | Texas | $85,554 | $41 |
| 8 | Arizona | $83,861 | $40 |
| 9 | Utah | $83,754 | $40 |
| 10 | Oregon | $82,916 | $40 |
| 11 | Louisiana | $81,552 | $39 |
| 12 | Tennessee | $79,009 | $38 |
| 13 | Ohio | $77,853 | $37 |
| 14 | Indiana | $73,892 | $36 |
| 15 | Kansas | $73,843 | $36 |
| 16 | Wisconsin | $70,704 | $34 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Nike | $116,139 | $55.84 | |
| 2 | General Motors | $104,110 | $50.05 | 18 |
| 3 | Turner & Townsend | $97,412 | $46.83 | 19 |
| 4 | Capco | $95,529 | $45.93 | |
| 5 | Rivian | $95,006 | $45.68 | 3 |
| 6 | Lucid Motors | $94,943 | $45.65 | 26 |
| 7 | Lear | $93,852 | $45.12 | 14 |
| 8 | Faithful+Gould | $93,364 | $44.89 | |
| 9 | National Aerospace Solutions | $88,104 | $42.36 | |
| 10 | Northrop Grumman | $86,909 | $41.78 | 46 |
| 11 | Bechtel Corporation | $85,536 | $41.12 | 34 |
| 12 | Altair | $84,781 | $40.76 | 3 |
| 13 | PMA Consultants | $84,064 | $40.42 | 3 |
| 14 | Moss Adams | $82,556 | $39.69 | |
| 15 | Matthews International | $79,990 | $38.46 | 1 |
| 16 | Generac Holdings | $79,651 | $38.29 | 4 |
| 17 | KBR | $75,348 | $36.23 | 15 |
| 18 | E2 Consulting Engineers, Inc. | $74,637 | $35.88 | 1 |
| 19 | Pcm Services | $73,231 | $35.21 | |
| 20 | Goodwin Recruiting | $72,981 | $35.09 |
A good senior cost engineer 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 senior cost engineer job description:
To find senior cost engineers for your business, try out a few different recruiting strategies:
During your first interview to recruit senior cost engineers, 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.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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 found the senior cost engineer 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 senior cost engineer 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 senior cost engineers, 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 senior cost engineers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for senior cost engineers is $86,004 in the US. However, the cost of senior cost engineer hiring can vary a lot depending on location. Additionally, hiring a senior cost engineer for contract work or on a per-project basis typically costs between $28 and $58 an hour.