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Vice president hiring summary. Here are some key points about hiring vice presidents in the United States:
Here's a step-by-step vice president hiring guide:
Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.
Before you start hiring a vice president, 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.
A vice president's background is also an important factor in determining whether they'll be a good fit for the position. For example, vice presidents 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 vice presidents.
| Type of Vice President | Description | Hourly rate |
|---|---|---|
| Vice President | 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. | $51-112 |
| Vice President & General Manager | A vice president and general manager's role is to implement policies and regulations while overseeing the business operations. Typically, it is their primary responsibility to devise training programs that would produce more efficient workforce members, create new strategies to boost sales and customer satisfaction, and participate in budget and goals creation... Show more | $51-131 |
| Human Resources Vice President | Human resources (HR) vice presidents play a vital role in the effective administration and operation of an organization's HR department. These executives are responsible for directing an organization's staffing goals and developing strategies to support the company's profitable and productive business operations... Show more | $55-118 |
Including a salary range in your vice president job description is one of the best ways to attract top talent. A vice president can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $182,517 | $88 |
| 2 | New York | $178,805 | $86 |
| 3 | Washington | $177,567 | $85 |
| 4 | New Jersey | $177,012 | $85 |
| 5 | Connecticut | $173,748 | $84 |
| 6 | District of Columbia | $172,905 | $83 |
| 7 | Massachusetts | $170,804 | $82 |
| 8 | Nevada | $165,161 | $79 |
| 9 | Minnesota | $162,511 | $78 |
| 10 | Colorado | $160,762 | $77 |
| 11 | Pennsylvania | $158,619 | $76 |
| 12 | Illinois | $157,846 | $76 |
| 13 | Delaware | $154,242 | $74 |
| 14 | Maryland | $152,585 | $73 |
| 15 | Texas | $149,174 | $72 |
| 16 | Georgia | $146,902 | $71 |
| 17 | Florida | $139,222 | $67 |
| 18 | North Carolina | $136,945 | $66 |
| 19 | Missouri | $133,635 | $64 |
| 20 | Arizona | $130,459 | $63 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Brookfield Properties | $264,787 | $127.30 | 13 |
| 2 | The Howard Hughes | $242,916 | $116.79 | 1 |
| 3 | Baltimore City Community College | $241,936 | $116.32 | |
| 4 | Conrad N. Hilton Foundation | $234,855 | $112.91 | |
| 5 | Apple | $234,792 | $112.88 | 12 |
| 6 | PVH | $229,738 | $110.45 | 16 |
| 7 | PayPal | $229,232 | $110.21 | 14 |
| 8 | The Rockefeller Foundation | $222,796 | $107.11 | 5 |
| 9 | Genentech | $219,102 | $105.34 | 25 |
| 10 | Amgen | $217,257 | $104.45 | 45 |
| 11 | DoorDash | $216,549 | $104.11 | 29 |
| 12 | Calvin Klein | $216,485 | $104.08 | |
| 13 | Houlihan's Restaurants | $215,235 | $103.48 | |
| 14 | Vertex Pharmaceuticals | $213,997 | $102.88 | 31 |
| 15 | AbbVie | $213,995 | $102.88 | 135 |
| 16 | Westat | $213,478 | $102.63 | 3 |
| 17 | Delaware County | $213,255 | $102.53 | |
| 18 | Biogen | $212,968 | $102.39 | 17 |
| 19 | eBay | $212,043 | $101.94 | 21 |
| 20 | Timberland | $211,981 | $101.91 | 1 |
A job description for a vice president role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a vice president job description:
There are various strategies that you can use to find the right vice president for your business:
Recruiting vice presidents 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.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the vice president position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize 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.
To prepare for the new vice president 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.
Recruiting vice presidents involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
Vice presidents earn a median yearly salary is $158,637 a year in the US. However, if you're looking to find vice presidents for hire on a contract or per-project basis, hourly rates typically range between $51 and $112.