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Territory manager hiring summary. Here are some key points about hiring territory managers in the United States:
Here's a step-by-step territory manager hiring guide:
A territory manager is responsible for monitoring the sales operations of the different sales team of an organization. One of the most crucial duties of a territory manager is to encourage the sales team to provide the best results for increasing the company's profitability. Territory managers are conducting sales training, improving marketing strategies and approach, reviewing sales pitches, analyzing current market trends, and reaching sales goals. Territory managers must display exceptional leadership and customer service skills to manage customers' needs and identify more business opportunities.
The territory manager 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 territory manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, territory 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.
This list shows salaries for various types of territory managers.
| Type of Territory Manager | Description | Hourly rate |
|---|---|---|
| Territory Manager | Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for organizations’ sales representatives. | $22-56 |
| National Accounts Sales Manager | A national accounts sales manager is responsible for maintaining healthy business relationships with clients by managing and monitoring the performance of their accounts. National accounts sales managers establish reasonable sales targets and develop techniques that would maximize sales staff productivity and efficiency... Show more | $30-62 |
| Sales Manager/Sales Trainer | A sales trainer or manager provides training for the sales staff. The target of the training is to improve the sales figures and meet target sales... Show more | $25-74 |
Including a salary range in your territory manager job description helps attract top candidates to the position. A territory 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 territory manager in Wyoming may be lower than in Alaska, and an entry-level territory manager usually earns less than a senior-level territory manager. Additionally, a territory 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 | Washington | $100,572 | $48 |
| 2 | California | $95,862 | $46 |
| 3 | Oregon | $86,853 | $42 |
| 4 | District of Columbia | $82,458 | $40 |
| 5 | Massachusetts | $80,179 | $39 |
| 6 | Pennsylvania | $78,507 | $38 |
| 7 | Texas | $77,303 | $37 |
| 8 | Florida | $76,412 | $37 |
| 9 | New York | $75,850 | $36 |
| 10 | Alabama | $73,549 | $35 |
| 11 | Arizona | $72,592 | $35 |
| 12 | Virginia | $71,621 | $34 |
| 13 | Indiana | $71,252 | $34 |
| 14 | Maryland | $71,074 | $34 |
| 15 | New Mexico | $70,649 | $34 |
| 16 | Utah | $70,571 | $34 |
| 17 | Nevada | $68,021 | $33 |
| 18 | Connecticut | $67,857 | $33 |
| 19 | Maine | $65,313 | $31 |
| 20 | Wisconsin | $65,134 | $31 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | FUJIFILM Diosynth Biotechnologies | $136,224 | $65.49 | 1 |
| 2 | Elanco | $135,094 | $64.95 | 4 |
| 3 | Cordis | $118,074 | $56.77 | 34 |
| 4 | W. R. Berkley | $111,451 | $53.58 | 16 |
| 5 | CVS Health | $109,697 | $52.74 | 311 |
| 6 | Takeda Pharmaceuticals U.S.A., Inc. | $108,151 | $52.00 | 69 |
| 7 | UGI | $106,558 | $51.23 | 12 |
| 8 | Johnson & Johnson | $106,245 | $51.08 | 103 |
| 9 | Cisco | $104,301 | $50.14 | 14 |
| 10 | Marathon Petroleum | $104,087 | $50.04 | |
| 11 | Snowflake Computing | $103,998 | $50.00 | 5 |
| 12 | Conga | $103,263 | $49.65 | |
| 13 | Conviva | $100,652 | $48.39 | |
| 14 | General Electric | $100,161 | $48.15 | 72 |
| 15 | Hologic | $99,011 | $47.60 | 77 |
| 16 | AIG | $98,937 | $47.57 | 2 |
| 17 | Cummins | $97,044 | $46.66 | 4 |
| 18 | Mallinckrodt | $96,487 | $46.39 | |
| 19 | Area 1 Security | $95,580 | $45.95 | |
| 20 | Boston Scientific | $94,757 | $45.56 | 74 |
A territory manager 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 territory manager job description:
To find the right territory manager for your business, consider trying out a few different recruiting strategies:
Recruiting territory managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 territory manager 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.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new territory 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.
Hiring a territory manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting territory managers 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 territory manager recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $73,728 per year for a territory manager, 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 territory managers in the US typically range between $22 and $56 an hour.