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Vice president and manager hiring summary. Here are some key points about hiring vice president and managers in the United States:
Here's a step-by-step vice president and manager hiring guide:
A vice president/manager is responsible for monitoring the operations of the organization's departments, ensuring the completion of all tasks accurately to achieve business goals and client satisfaction. A vice president/manager often attends board meetings to share updates, identify business opportunities, and develop strategical procedures on improving the company's project management system. They also monitor budget goals and develop sales initiatives to boost the company's profitability. A vice president/manager must have excellent leadership and communication skills, as well as strong decision-making skills to make company decisions for overall development.
Before you start hiring a vice president and manager, 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 vice president and manager 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 vice president and manager that fits the bill.
Here's a comparison of vice president and manager salaries for various roles:
| Type of Vice President And Manager | Description | Hourly rate |
|---|---|---|
| Vice President And Manager | Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations. | $49-95 |
| Chief Operating Officer | A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO... Show more | $38-110 |
| Manager And Consultant | Managers and Consultants are employees who are considered industry experts. They contribute to the company by providing valuable insights regarding the industry... Show more | $41-71 |
Including a salary range in your vice president and manager job description is one of the best ways to attract top talent. A vice president and manager can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $175,803 | $85 |
| 2 | New Jersey | $167,204 | $80 |
| 3 | New York | $164,621 | $79 |
| 4 | Connecticut | $160,813 | $77 |
| 5 | District of Columbia | $157,528 | $76 |
| 6 | California | $151,488 | $73 |
| 7 | Illinois | $140,733 | $68 |
| 8 | Massachusetts | $140,698 | $68 |
| 9 | Maryland | $139,320 | $67 |
| 10 | Delaware | $138,313 | $67 |
| 11 | Minnesota | $138,188 | $66 |
| 12 | Texas | $134,093 | $64 |
| 13 | Rhode Island | $133,923 | $64 |
| 14 | Arizona | $133,370 | $64 |
| 15 | Colorado | $121,875 | $59 |
| 16 | North Carolina | $121,794 | $59 |
| 17 | Florida | $121,338 | $58 |
| 18 | Georgia | $117,308 | $56 |
| 19 | Ohio | $113,260 | $54 |
| 20 | Iowa | $112,620 | $54 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | McCormack Baron Salazar | $160,815 | $77.31 | 1 |
| 2 | BMO Capital Markets | $153,583 | $73.84 | 80 |
| 3 | Neuberger Berman | $152,932 | $73.53 | 11 |
| 4 | Pacific Investment Management Company LLC | $152,870 | $73.50 | 7 |
| 5 | Bangor Savings Bank | $152,781 | $73.45 | |
| 6 | First Republic Bank | $152,549 | $73.34 | |
| 7 | Delaware County | $150,648 | $72.43 | |
| 8 | Santander Private Banking International | $150,590 | $72.40 | 6 |
| 9 | Evercore | $150,107 | $72.17 | 6 |
| 10 | Transatlantic Holdings, Inc. | $149,699 | $71.97 | |
| 11 | Sumitomo Mitsui Financial Group | $149,523 | $71.89 | |
| 12 | Leumi | $149,390 | $71.82 | |
| 13 | W. R. Berkley | $148,836 | $71.56 | 21 |
| 14 | Lennar | $147,788 | $71.05 | 2 |
| 15 | Teachers Insurance & Annuity Association of America | $146,907 | $70.63 | 3 |
| 16 | Gartner | $145,898 | $70.14 | 20 |
| 17 | BNP Paribas | $145,802 | $70.10 | 13 |
| 18 | Nomura Securities | $145,697 | $70.05 | 15 |
| 19 | ABN AMRO Chicago Corporation | $145,554 | $69.98 | |
| 20 | Redwood Trust | $145,327 | $69.87 | 6 |
A vice president and 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. Below, you can find an example of a vice president and manager job description:
There are a few common ways to find vice president and managers for your business:
Your first interview with vice president and manager candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of 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 vice president and 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.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring a vice president and manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting vice president and 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 vice president and manager recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $142,496 per year for a vice president and 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 vice president and managers in the US typically range between $49 and $95 an hour.