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Buyer hiring summary. Here are some key points about hiring buyers in the United States:
Here's a step-by-step buyer hiring guide:
A buyer's duties include product sourcing and comparing resources for the best product range that would suit the specific needs of the business. Buyers must have excellent communication and negotiation skills to evaluate items that most likely benefit the customer and improve the sales of daily operations with cost-efficient products. They also conduct extensive research for market and price trends while considering the highest quality standards. Buyers should also possess strong analytical skills to create purchase orders and statistical analysis.
Before you post your buyer job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a buyer for hire on a part-time basis or as a contractor.
A buyer's background is also an important factor in determining whether they'll be a good fit for the position. For example, buyers 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 buyers.
Type Of Buyer | Description | Hourly Rate |
---|---|---|
Buyer | Buyers and purchasing agents buy products and services for organizations to use or resell. They evaluate suppliers, negotiate contracts, and review the quality of products. | $17-36 |
Planning Analyst | As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues... Show More | $23-44 |
Director Of Purchasing | A director of purchasing oversees the procedures related to buying resources and supplies, directing operations from planning to execution while adhering to standards and company policies. They primarily perform research and assessments to understand project needs in terms of price, quality, and delivery time... Show More | $32-79 |
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | New Jersey | $61,676 | $30 |
2 | Kansas | $61,254 | $29 |
3 | Washington | $60,906 | $29 |
4 | Pennsylvania | $60,232 | $29 |
5 | New York | $59,824 | $29 |
6 | Michigan | $59,006 | $28 |
7 | Ohio | $58,707 | $28 |
8 | Utah | $57,871 | $28 |
9 | District of Columbia | $57,208 | $28 |
10 | Illinois | $56,983 | $27 |
11 | California | $56,928 | $27 |
12 | Massachusetts | $56,278 | $27 |
13 | Maryland | $56,162 | $27 |
14 | Missouri | $56,138 | $27 |
15 | Indiana | $54,427 | $26 |
16 | Minnesota | $54,344 | $26 |
17 | North Carolina | $53,549 | $26 |
18 | Nebraska | $53,250 | $26 |
19 | Oklahoma | $51,748 | $25 |
20 | Colorado | $51,723 | $25 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | NVIDIA | $113,789 | $54.71 | |
2 | Entegris | $107,431 | $51.65 | |
3 | Microsoft | $104,481 | $50.23 | |
4 | Tillys | $100,446 | $48.29 | |
5 | Snowflake Computing | $99,712 | $47.94 | 2 |
6 | McKinsey & Company Inc | $96,850 | $46.56 | 5 |
7 | Accenture | $96,499 | $46.39 | 62 |
8 | Cisco | $96,382 | $46.34 | 8 |
9 | Nokia | $93,618 | $45.01 | 1 |
10 | SMTC | $93,093 | $44.76 | 2 |
11 | Amd | $92,918 | $44.67 | 1 |
12 | Varian Medical Systems | $92,539 | $44.49 | |
13 | Synopsys | $90,787 | $43.65 | 1 |
14 | Micron Technology | $90,211 | $43.37 | |
15 | Zebra Technologies | $89,658 | $43.10 | 14 |
16 | Fashion Nova | $89,245 | $42.91 | 16 |
17 | Control4 | $88,530 | $42.56 | |
18 | Lam Research | $88,197 | $42.40 | |
19 | KLA | $87,984 | $42.30 | 9 |
20 | Apple | $87,039 | $41.85 | 15 |
A buyer 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 buyer job description:
To find the right buyer for your business, consider trying out a few different recruiting strategies:
Recruiting buyers 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 have selected a candidate for the buyer 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.
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 buyer comes with both the one-time cost per hire and ongoing costs. The cost of recruiting buyers 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 buyer recruiting as well the ongoing costs of maintaining the new employee.
Buyers earn a median yearly salary is $54,049 a year in the US. However, if you're looking to find buyers for hire on a contract or per-project basis, hourly rates typically range between $17 and $36.