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Vice president of research and development hiring summary. Here are some key points about hiring vice presidents of research and development in the United States:
Here's a step-by-step vice president of research and development hiring guide:
A vice president of research and development will lead a team of engineers in developing innovative products on time and on budget. This role will require you to perform a variety of tasks that include executing the company's overall technology vision, managing the appropriate development methodologies, and creating an organizational structure that will drive a high performing development team to deliver high-quality solutions to the market. In addition, you will be responsible for attracting, developing, and retaining top talent for the research and development function.
First, determine the employments status of the vice president of research and development you need to hire. Certain vice president of research and development roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A vice president of research and development's background is also an important factor in determining whether they'll be a good fit for the position. For example, vice presidents of research and development 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 of research and development.
| Type of Vice President Of Research And Development | Description | Hourly rate |
|---|---|---|
| Vice President Of Research And Development | Architectural and engineering managers plan, direct, and coordinate activities in architectural and engineering companies. | $54-121 |
| Manufacturing Engineering Manager | Manufacturing engineering managers manage manufacturing process development and enforcement. The managers maintain the proper functionality of a product and the efficiency of cost... Show more | $38-74 |
| Engineering Manager | An engineering manager is responsible for managing the overall concept of engineering and construction projects, ensuring that the plan meets the budget goals and the client's specifications. Engineering managers approve designs, plan strategic procedures to follow the project's timetable, analyze current market trends, hire the best and efficient contractors, and coordinate with the clients for any changes and adjustments as needed... Show more | $47-93 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $181,029 | $87 |
| 2 | Connecticut | $180,473 | $87 |
| 3 | Nevada | $179,496 | $86 |
| 4 | Minnesota | $172,246 | $83 |
| 5 | Pennsylvania | $167,887 | $81 |
| 6 | Arizona | $161,747 | $78 |
| 7 | Texas | $156,586 | $75 |
| 8 | Idaho | $153,594 | $74 |
| 9 | Massachusetts | $152,487 | $73 |
| 10 | Michigan | $151,674 | $73 |
| 11 | New York | $151,427 | $73 |
| 12 | Colorado | $150,590 | $72 |
| 13 | Virginia | $148,726 | $72 |
| 14 | Georgia | $147,725 | $71 |
| 15 | Florida | $143,378 | $69 |
| 16 | Illinois | $141,295 | $68 |
| 17 | Nebraska | $140,056 | $67 |
| 18 | Alabama | $139,790 | $67 |
| 19 | Kansas | $139,568 | $67 |
| 20 | Wisconsin | $138,702 | $67 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Organon | $203,514 | $97.84 | |
| 2 | BD | $195,386 | $93.94 | 5 |
| 3 | AstraZeneca | $194,681 | $93.60 | 12 |
| 4 | Abbott | $192,444 | $92.52 | 21 |
| 5 | Estée Lauder | $191,911 | $92.26 | 22 |
| 6 | Benefit Cosmetics | $186,506 | $89.67 | |
| 7 | FlexSteel Pipeline Technologies | $185,855 | $89.35 | |
| 8 | Daltile | $182,987 | $87.97 | 1 |
| 9 | Flowserve | $182,298 | $87.64 | 1 |
| 10 | Colorado Boxed Beef Company | $181,972 | $87.49 | |
| 11 | Glaxosmithkline | $181,935 | $87.47 | |
| 12 | Canberra | $180,961 | $87.00 | |
| 13 | Aveda | $180,730 | $86.89 | |
| 14 | Decibel Therapeutics | $177,373 | $85.28 | |
| 15 | HyperScience | $177,303 | $85.24 | |
| 16 | Harris Local Government | $177,220 | $85.20 | |
| 17 | Health-Ade | $177,213 | $85.20 | |
| 18 | TriPlay | $177,209 | $85.20 | |
| 19 | Keywee | $177,209 | $85.20 | |
| 20 | The Independent Traveler | $177,198 | $85.19 | 24 |
A good vice president of research and development 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 vice president of research and development job description:
To find the right vice president of research and development for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit vice presidents of research and development, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
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 of research and development 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 good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new vice president of research and development. 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.
Recruiting vice presidents of research and development 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.
You can expect to pay around $170,226 per year for a vice president of research and development, 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 presidents of research and development in the US typically range between $54 and $121 an hour.