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Senior sourcing manager hiring summary. Here are some key points about hiring senior sourcing managers in the United States:
Here's a step-by-step senior sourcing manager hiring guide:
A senior sourcing manager is an individual who manages a team that is responsible for identifying necessary products and services that support the daily operations of an organization. Senior sourcing managers are required to manage the overall sourcing strategy of the organization and conduct research to understand its operations needs and requirements. They must build relationships with vendors and key suppliers so that they can negotiate on pricing and control costs. Senior sourcing managers must also propose a yearly budget that depends on the organization's sourcing needs.
Before you post your senior sourcing manager 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 senior sourcing manager for hire on a part-time basis or as a contractor.
A senior sourcing manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior sourcing managers 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 sourcing manager salaries for various roles:
| Type of Senior Sourcing Manager | Description | Hourly rate |
|---|---|---|
| Senior Sourcing Manager | Purchasing managers plan, direct, and coordinate the buying of materials, products, or services for wholesalers, retailers, or organizations. They oversee the work of procurement-related occupations including buyers and purchasing agents. | $36-80 |
| Director, Procurement | The responsibilities of a procurement director revolve around ensuring the efficient and smooth flow of supplies within the company, developing procurement strategies for optimal services and operations, assessing risks, and overseeing the implementation of new policies and regulations in the company. It is essential to coordinate with analysts to identify areas with potential opportunities or those needing improvements... Show more | $47-95 |
| Contracts Director | A contract director is primarily in charge of developing and negotiating contracts with clients and partners, ensuring adherence to the company's policies and regulations. Their responsibilities typically revolve around performing extensive research and analysis to foresee potential advantages and disadvantages, coordinating with analysts and other experts, monitoring the progress of operations to ensure contract compliance of both parties, and overseeing the development of proposals within the organization... Show more | $22-55 |
Including a salary range in your senior sourcing manager job description helps attract top candidates to the position. A senior sourcing manager 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 senior sourcing manager in Tennessee may be lower than in California, and an entry-level senior sourcing manager usually earns less than a senior-level senior sourcing manager. Additionally, a senior sourcing manager 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 | California | $148,457 | $71 |
| 2 | Washington | $129,245 | $62 |
| 3 | Massachusetts | $122,166 | $59 |
| 4 | Maryland | $117,330 | $56 |
| 5 | Connecticut | $115,052 | $55 |
| 6 | Oregon | $113,712 | $55 |
| 7 | District of Columbia | $110,728 | $53 |
| 8 | Virginia | $110,507 | $53 |
| 9 | New York | $106,675 | $51 |
| 10 | Illinois | $104,068 | $50 |
| 11 | New Mexico | $101,304 | $49 |
| 12 | North Carolina | $100,830 | $48 |
| 13 | Ohio | $100,408 | $48 |
| 14 | Utah | $99,653 | $48 |
| 15 | Indiana | $99,327 | $48 |
| 16 | Arizona | $96,681 | $46 |
| 17 | Texas | $94,511 | $45 |
| 18 | Wisconsin | $93,858 | $45 |
| 19 | Georgia | $87,877 | $42 |
| 20 | Missouri | $87,007 | $42 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Airbnb | $187,848 | $90.31 | |
| 2 | A.T. Kearney | $179,247 | $86.18 | |
| 3 | PayPal | $172,011 | $82.70 | 2 |
| 4 | DoorDash | $165,759 | $79.69 | |
| 5 | Microsoft | $159,268 | $76.57 | 1 |
| 6 | Atlassian | $158,466 | $76.19 | |
| 7 | BarkBox | $154,272 | $74.17 | |
| 8 | Regeneron | $152,637 | $73.38 | 5 |
| 9 | AstraZeneca | $151,155 | $72.67 | |
| 10 | Citi | $151,026 | $72.61 | |
| 11 | Intuit | $150,380 | $72.30 | 4 |
| 12 | Boehringer Ingelheim | $149,858 | $72.05 | 2 |
| 13 | ON Semiconductor | $149,766 | $72.00 | |
| 14 | Cisco | $147,245 | $70.79 | 3 |
| 15 | Chewy | $146,802 | $70.58 | |
| 16 | $146,653 | $70.51 | 4 | |
| 17 | Vertex Pharmaceuticals | $146,226 | $70.30 | 2 |
| 18 | First Republic Bank | $144,584 | $69.51 | |
| 19 | Constellation Brands | $144,383 | $69.41 | |
| 20 | Ready Pac Foods | $142,575 | $68.55 |
A good senior sourcing manager 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 sourcing manager job description:
There are a few common ways to find senior sourcing managers for your business:
To successfully recruit senior sourcing managers, 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 sourcing manager 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.
Once that's done, you can draft an onboarding schedule for the new senior sourcing manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Before you start to hire senior sourcing managers, 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 sourcing managers 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 sourcing managers is $113,406 in the US. However, the cost of senior sourcing manager hiring can vary a lot depending on location. Additionally, hiring a senior sourcing manager for contract work or on a per-project basis typically costs between $36 and $80 an hour.