Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Senior sourcing specialist hiring summary. Here are some key points about hiring senior sourcing specialists in the United States:
Here's a step-by-step senior sourcing specialist hiring guide:
The job of a senior sourcing specialist is to help companies implement more effective processes and systems to reduce costs and increase profitability. You will be responsible for negotiating with suppliers to procure materials, products, and services at the best possible price using your in-depth knowledge of their industry and strategic sourcing strategies. As a senior source specialist, you are expected to develop and implement inventory optimization strategies across the company. You will also need to find or develop solutions to improve company outsourcing and spending.
First, determine the employments status of the senior sourcing specialist you need to hire. Certain senior sourcing specialist roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect senior sourcing specialist also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of senior sourcing specialists and their corresponding salaries.
| Type of Senior Sourcing Specialist | Description | Hourly rate |
|---|---|---|
| Senior Sourcing Specialist | Buyers and purchasing agents buy products and services for organizations to use or resell. They evaluate suppliers, negotiate contracts, and review the quality of products. | $28-49 |
| Landman | Landmen are referred to as the public-facing side of a gas, mineral, and oil exploration and production team. They are professionals who interact and negotiate directly with landowners for the acquisition of gas and oil drilling leases... Show more | $25-61 |
| Buyer | A buyer's duties include product sourcing and comparing resources for the best product range that would suit the specific needs of the business. Buyers must have excellent communication and negotiation skills to evaluate items that most likely benefit the customer and improve the sales of daily operations with cost-efficient products... Show more | $17-36 |
Including a salary range in your senior sourcing specialist job description helps attract top candidates to the position. A senior sourcing specialist 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 specialist in Kentucky may be lower than in California, and an entry-level senior sourcing specialist usually earns less than a senior-level senior sourcing specialist. Additionally, a senior sourcing specialist 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 | $103,524 | $50 |
| 2 | New York | $89,967 | $43 |
| 3 | Washington | $89,566 | $43 |
| 4 | New Jersey | $88,997 | $43 |
| 5 | Massachusetts | $88,282 | $42 |
| 6 | Texas | $86,458 | $42 |
| 7 | Connecticut | $85,234 | $41 |
| 8 | Oregon | $84,529 | $41 |
| 9 | Pennsylvania | $83,398 | $40 |
| 10 | Illinois | $83,164 | $40 |
| 11 | Missouri | $82,893 | $40 |
| 12 | North Carolina | $82,507 | $40 |
| 13 | Maryland | $81,399 | $39 |
| 14 | Virginia | $79,731 | $38 |
| 15 | Wisconsin | $79,231 | $38 |
| 16 | Michigan | $79,004 | $38 |
| 17 | Georgia | $75,895 | $36 |
| 18 | Tennessee | $73,971 | $36 |
| 19 | Ohio | $73,710 | $35 |
| 20 | Minnesota | $72,341 | $35 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | PayPal | $128,189 | $61.63 | 1 |
| 2 | Square | $115,899 | $55.72 | |
| 3 | Uber Technologies | $110,228 | $52.99 | |
| 4 | Western Digital | $106,588 | $51.24 | 45 |
| 5 | The Walt Disney Company | $106,444 | $51.17 | 4 |
| 6 | Applied Materials | $106,084 | $51.00 | |
| 7 | Takeda Pharmaceuticals U.S.A., Inc. | $105,795 | $50.86 | |
| 8 | Edwards Lifesciences | $102,355 | $49.21 | |
| 9 | Help Scout | $101,293 | $48.70 | |
| 10 | BNY Mellon | $99,928 | $48.04 | |
| 11 | AIG | $99,850 | $48.00 | 2 |
| 12 | Gilead Sciences | $98,572 | $47.39 | 3 |
| 13 | Amazon | $96,092 | $46.20 | 27 |
| 14 | Best Buy | $96,024 | $46.17 | |
| 15 | Activision Blizzard | $95,847 | $46.08 | |
| 16 | Harley-Davidson | $94,622 | $45.49 | |
| 17 | The TJX Companies | $93,965 | $45.18 | |
| 18 | Qualcomm | $93,439 | $44.92 | 1 |
| 19 | Exterran Corporation HQ | $93,029 | $44.73 | |
| 20 | Charles Schwab | $92,303 | $44.38 |
A senior sourcing specialist 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 sourcing specialist job description:
There are a few common ways to find senior sourcing specialists for your business:
To successfully recruit senior sourcing specialists, 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 selected the best senior sourcing specialist candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the 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.
After that, you can create an onboarding schedule for a new senior sourcing specialist. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Hiring a senior sourcing specialist comes with both the one-time cost per hire and ongoing costs. The cost of recruiting senior sourcing specialists involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of senior sourcing specialist recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $79,213 per year for a senior sourcing specialist, 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 sourcing specialists in the US typically range between $28 and $49 an hour.