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Vice president, strategy hiring summary. Here are some key points about hiring vice presidents, strategy in the United States:
Here's a step-by-step vice president, strategy hiring guide:
A vice president of strategy is responsible for delegating and reviewing market target research and assessing the areas that a company should focus on for further development. The position requires strong management and leadership skills to supervise a team of customer research specialists. Other essential skills that a vice president of strategy should possess to accomplish his/her or her responsibilities include knowledge of computer analytic software and data visualization and excellent communication skills. A four-year college degree is the minimum education requirement for the position.
Before you start hiring a vice president, strategy, 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.
Hiring the perfect vice president, strategy 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.
Here's a comparison of vice president, strategy salaries for various roles:
| Type of Vice President, Strategy | Description | Hourly rate |
|---|---|---|
| Vice President, Strategy | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $54-113 |
| Consultant/Marketing Director | A consultant/marketing director is responsible for conducting data and statistical analysis of the current market trends to identify opportunities that would strengthen the company's brand image on the market. Consultant/marketing directors evaluate the company's marketing techniques and determine methods to improve promotional campaigns and media presence... Show more | $37-76 |
| Head Of Business Development | A head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations... Show more | $45-91 |
Including a salary range in your vice president, strategy job description helps attract top candidates to the position. A vice president, strategy 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 vice president, strategy in Arkansas may be lower than in Alaska, and an entry-level vice president, strategy usually earns less than a senior-level vice president, strategy. Additionally, a vice president, strategy 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 | $180,574 | $87 |
| 2 | Washington | $179,844 | $86 |
| 3 | Arizona | $177,102 | $85 |
| 4 | Nevada | $165,833 | $80 |
| 5 | Massachusetts | $165,816 | $80 |
| 6 | Maryland | $164,888 | $79 |
| 7 | Connecticut | $164,021 | $79 |
| 8 | New Jersey | $160,267 | $77 |
| 9 | New York | $159,329 | $77 |
| 10 | Colorado | $159,168 | $77 |
| 11 | Pennsylvania | $159,057 | $76 |
| 12 | Texas | $155,920 | $75 |
| 13 | Minnesota | $155,093 | $75 |
| 14 | District of Columbia | $153,789 | $74 |
| 15 | Missouri | $148,839 | $72 |
| 16 | Iowa | $148,113 | $71 |
| 17 | Florida | $147,760 | $71 |
| 18 | Illinois | $147,245 | $71 |
| 19 | Nebraska | $142,891 | $69 |
| 20 | Georgia | $140,112 | $67 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Brandywine Realty Trust | $301,190 | $144.80 | 1 |
| 2 | PayPal | $226,607 | $108.95 | 36 |
| 3 | Revlon | $225,415 | $108.37 | 1 |
| 4 | Roku | $219,490 | $105.52 | |
| 5 | Cummins & White | $211,920 | $101.88 | |
| 6 | Netflix | $201,445 | $96.85 | 3 |
| 7 | Discovery | $200,602 | $96.44 | |
| 8 | AbbVie | $198,910 | $95.63 | 68 |
| 9 | Veeva Systems | $198,158 | $95.27 | 32 |
| 10 | Change.org | $197,713 | $95.05 | |
| 11 | Lakeland University | $197,577 | $94.99 | |
| 12 | Sharp HealthCare | $196,178 | $94.32 | 2 |
| 13 | Bristol-Myers Squibb | $196,089 | $94.27 | 30 |
| 14 | Leo Burnett | $195,813 | $94.14 | |
| 15 | Walmart | $195,395 | $93.94 | 95 |
| 16 | ViacomCBS | $194,627 | $93.57 | |
| 17 | Palo Alto Networks | $193,559 | $93.06 | 17 |
| 18 | Gainor Staffing | $193,345 | $92.95 | |
| 19 | MetLife | $192,122 | $92.37 | 25 |
| 20 | UCHealth | $191,734 | $92.18 |
A good vice president, strategy 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, strategy job description:
To find the right vice president, strategy for your business, consider trying out a few different recruiting strategies:
Your first interview with vice president, strategy 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.
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 have selected a candidate for the vice president, strategy 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.
Once that's done, you can draft an onboarding schedule for the new vice president, strategy. 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.
There are different types of costs for hiring vice presidents, strategy. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new vice president, strategy employee.
You can expect to pay around $164,392 per year for a vice president, strategy, 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, strategy in the US typically range between $54 and $113 an hour.