How to Make Your Next Branch Manager Hire

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Last updated at 09-17-2020 12:06:07

Overview

Methodology

More than 4,783 companies advertise 53,491 Branch Manager jobs on SimplyHired and its partner sites each year. After analyzing job postings and salary information from these companies, as well as direct job seeker feedback, we’ve compiled a list of insights to show you how to attract and hire your next Branch Manager most efficiently.

Hiring Process

In the past quarter, we’ve seen 13,021 job posts from 2,274 employers in the United States. This is a increase of 2.1% compared to the previous quarter. On average, there are 56 Branch Manager job seekers for every active Branch Manager job, which shows that it is a job seeker's market.

Writing a Job Description

In the past quarter, Customer Service Representative, Branch Manager, Sales Representative, Administrative Assistant, Operations Manager, Account Manager, Store Manager, General Manager, Loan Processor, and Office Manager seem to be the most sought after jobs amongst the Branch Manager candidates in the United States. This differs from the last six quarters, where the most popular titles were: Branch Manager, Customer Service Representative, Administrative Assistant, Sales Representative, Operations Manager, Account Manager, General Manager, Store Manager, Office Manager, and Outside Sales Representative. If you use one of these currently popular titles in the job description, you'll likely be able to attract a lot more candidates to apply.

For the Branch Manager candidates who are actively applying to jobs in this same period, we see that 5.2% of the active Branch Manager candidates have less than 3 years of experience, 6.0% have between 3-5 years of experience, 21.1% have 6-10 years of experience, and 67.7% have over 10 years of experience. The average years of experience has shifted from an estimated 14.1 years to 13.6 years. If you're posting a job in today's market, expect candidates with about the same experience level to apply to your job compared to the last 2 quarters.

In the previous quarter, the most popular skills that employers are looking for include communication skills, sales, customer service, management, Microsoft Office, leadership, banking, Microsoft Excel, supervising experience, and English. Demand for data collection, English, loan processing, negotiation, Microsoft Powerpoint, computer literacy, fair housing regulations, Microsoft Excel, retail management, and customer service has significantly increased. If you are looking for a Branch Manager with a similar skill set, be sure to follow industry best practices in skill requirements.

Job posts with salary information received about 1.8 as many applies as those without it. In the past quarter, less than 12.4% of the job posts displayed salary information. By adding salary information to your job posting, you could potentially increase the number of applicants by approximately 80.0%.

Example Branch Manager responsibilities

  • Assign and adjudicate the tasks to be carried out by branch staff members
  • Coordinate operations with cost-effectiveness in mind
  • Ensure that operations comply with policies, rules, regulations, and procedures
  • Manage budgets and capital financing
  • Oversee the cash flow from a branch to the company

Recruiting

Active Recruiting

When reaching out to candidates, it’s best to understand where to look. We’ve identified hiring trends in states as well as companies regularly hiring for Branch Manager positions. This should provide a good place to start looking for qualified candidates. According to our data in the last quarter: Texas, California, Florida, New York, and Tennessee are the states that have the highest demand for Branch Managers. Texas, Florida, California, Tennessee, and New York are where most job seekers are searching for Branch Manager jobs. If we look at the Branch Manager to job ratio, Utah, Iowa, Colorado, Massachusetts, and New Mexico have the lowest number of Branch Manager applicants per job. West Virginia, Kansas, Delaware, New Hampshire, and Maine have the most active Branch Manager job seekers per job.

Passive Recruiting

While actively recruiting candidates for your role, you should also post your job to SimplyHired. By posting for free and paying only for the qualified applicants you want, your post will automatically go to a network of job boards to reach millions of qualified candidates. With SimplyHired, it doesn’t end with the post. You can track your applicants throughout the hiring process with our simple and easy to use Applicant Tracking System (ATS).

Review Candidates

In the last quarter, we estimate there are 710,982 job seekers interested in Branch Manager opportunities in the United States. That’s a 35.5% increase compared to the previous quarter with 535,750 active job seekers. Around 5.2% of the active Branch Manager candidates have less than 3 years of experience, over 6.0% have between 3-5 years of experience, 21.1% have 6-10 years of experience, and 67.7% have over 10 years of experience. The average experience level of the available Branch Manager candidates is 13.6 years. Active candidates in the Branch Manager profession most commonly have bachelor's degrees, followed by high school diplomas, associate's degrees, and master's degrees. When setting education requirements for your position, aligning with the industry standard makes it easier to find potential candidates. Application rates indicate that Branch Manager candidates are likely experiencing a market in which applicants have less negotiating power. From an employer perspective, you'll have a greater selection of candidates to choose from and may want to invest in automated screening tools.

Interviewing Candidates

Interview Process

*Self-reported data collected from 11,007 Branch Managers from 1/1/2020 to 6/30/2020, via online employer reviews for companies including Enterprise Holdings, The Hertz Corporation, Woodforest National Bank, Wells Fargo, U.S. Bank, OneMain, Hertz/Dollar Rent A Car, Mariner Finance, PNC Financial Services Group, and World Finance.

After analyzing post-interview data from Branch Manager candidates in the last 6 months, we see more than 33.0% of the candidates self-reported being hired within 1 to 2 days. Around 79.6% of the candidates for this job reported being hired within 2 weeks. If your process takes longer than 2 weeks in the recent market, you'll likely lose these candidates to other employers. Most of the Branch Manager candidates are expecting a on-site interview, phone call/screening, background check, and group interview. Most employers do not require a problem solving exercises, drug test, or presentation. If you are trying to hire your next Branch Manager quickly, consider simplifying and streamlining the hiring process. As for the interview experience, more than 62.6% of the candidates had a good or great interview experience, and more than 35% of the candidates thought that the interview leaned more towards easy.

Example Interview Questions

  • What motivates you?
  • How have your previous positions prepared you for this one?
  • What do you consider to be your greatest achievement and how did you achieve it?
  • What is your formula for success?
  • What do you know about our company?

Final Review and Offer

Reference Check

Checking references is a quick and easy way to check for any red flags that didn’t arise to this point in the hiring process. Great insights can be provided by former colleagues and employers.

Crafting an Offer: Salary and Benefits

The average Branch Manager salary offered by employers increased for 2 out of 6 consecutive quarters in the United States. In the last quarter, we see a decrease of 5% from $65,102.32 to $61,691.44 compared to the quarter before, which is on par with the past 6 quarters. For Branch Manager positions, the most common benefits job seekers reported being offered by employers include: healthcare insurance by 87.3%, paid time off by 78.1%, dental insurance by 76.9%, vision insurance by 70.9%, a 401k plan by 67.8%, discounts by 31.3%, and stock options/grants by 18.5%. While still relatively rare, more and more employers now offer flexibility benefits, including paternity leave, maternity leave, flexible working hours, somewhat remote, mostly remote, location variety, sabbaticals, and fully remote, to attract and retain Branch Manager candidates to their organization.

Background Check and Drug Test

According to self-reported job seeker feedback, 39.9% of the employers conducted a background check, and 16.0% of the employers conducted a drug test prior to the hiring of their Branch Manager candidates.

Onboarding

When you’re ready to hire a Branch Manager, SimplyHired is here to help with your next steps. Our Human Resources Information System (HRIS) provides onboarding tools and other essential HR tools. From document signing to time off tracking, our HRIS will help you seamlessly move a Branch Manager candidate through the hiring and onboarding process.

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