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Senior executive hiring summary. Here are some key points about hiring senior executives in the United States:
Here's a step-by-step senior executive hiring guide:
A senior executive is responsible for supporting the chief technology officer and other higher officials on implementing critical corporate decisions, especially on identifying business opportunities to extend business partnership scopes and drive more revenue resources, supporting the company's financial stability. Senior executives oversee departmental operations across the company, ensuring production efficiency and high-quality output deliverables. They may also handle operational budgets and allocate adequate resources to each department's head. A senior executive attends meetings and conferences with other executives, sharing updates with stakeholders, and strategizing project management processes.
The senior executive hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A senior executive's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior executives 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 senior executive salaries for various roles:
| Type of Senior Executive | Description | Hourly rate |
|---|---|---|
| Senior Executive | Secretaries and administrative assistants perform clerical and administrative duties. They organize files, prepare documents, schedule appointments, and support other staff. | $30-82 |
| Corporate Manager | A corporate manager is responsible for leading the corporate team in operational processes and ensuring that the company provides the highest satisfaction for the clients. Corporate managers identify business opportunities through data and statistical analysis and review of current market trends to generate more revenue resources and increase the company's profitability... Show more | $37-71 |
| Management Consultant | A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit... Show more | $34-65 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Connecticut | $132,915 | $64 |
| 2 | New York | $127,238 | $61 |
| 3 | California | $124,066 | $60 |
| 4 | District of Columbia | $114,703 | $55 |
| 5 | Washington | $113,614 | $55 |
| 6 | North Carolina | $111,524 | $54 |
| 7 | Rhode Island | $110,496 | $53 |
| 8 | Georgia | $109,943 | $53 |
| 9 | Nevada | $109,421 | $53 |
| 10 | Massachusetts | $108,923 | $52 |
| 11 | Pennsylvania | $106,642 | $51 |
| 12 | Virginia | $104,147 | $50 |
| 13 | Oregon | $103,317 | $50 |
| 14 | Illinois | $102,634 | $49 |
| 15 | Texas | $101,139 | $49 |
| 16 | Florida | $99,582 | $48 |
| 17 | Ohio | $98,114 | $47 |
| 18 | Minnesota | $97,085 | $47 |
| 19 | Michigan | $95,061 | $46 |
| 20 | Arizona | $92,407 | $44 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Intuit | $149,241 | $71.75 | 11 |
| 2 | Amazon | $144,934 | $69.68 | 122 |
| 3 | SAP | $144,145 | $69.30 | 122 |
| 4 | Microsoft | $139,823 | $67.22 | 31 |
| 5 | ServiceNow | $138,520 | $66.60 | 152 |
| 6 | Mayo Clinic | $138,183 | $66.43 | 8 |
| 7 | Unity Technologies | $136,786 | $65.76 | |
| 8 | American Media | $135,611 | $65.20 | |
| 9 | Nutanix | $134,223 | $64.53 | |
| 10 | Zymeworks | $132,677 | $63.79 | |
| 11 | Morgan Stanley | $130,232 | $62.61 | 22 |
| 12 | Point B | $128,047 | $61.56 | |
| 13 | $127,037 | $61.08 | ||
| 14 | Cerner | $126,206 | $60.68 | |
| 15 | Visa | $123,533 | $59.39 | 12 |
| 16 | Elanco | $121,902 | $58.61 | 1 |
| 17 | ANZ Australia | $119,993 | $57.69 | |
| 18 | Juniper Networks | $119,855 | $57.62 | |
| 19 | Splunk | $119,674 | $57.54 | |
| 20 | LUFKIN Industries | $119,348 | $57.38 |
A senior executive job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a senior executive job description:
To find the right senior executive for your business, consider trying out a few different recruiting strategies:
To successfully recruit senior executives, your first interview needs to engage 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 good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
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 senior executive 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.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new senior executive 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 executives, 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 executives 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 $104,507 per year for a senior executive, 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 senior executives in the US typically range between $30 and $82 an hour.