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Corporate product manager hiring summary. Here are some key points about hiring corporate product managers in the United States:
Here's a step-by-step corporate product manager hiring guide:
The corporate product manager hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
You should also consider the ideal background you'd like them a corporate product manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a corporate product manager that fits the bill.
Here's a comparison of corporate product manager salaries for various roles:
| Type of Corporate Product Manager | Description | Hourly rate |
|---|---|---|
| Corporate Product Manager | 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. | $37-64 |
| Media Manager | Media managers oversee the department that works on the different communication needs of the company. They execute the communications strategies of the company... Show more | $31-67 |
| Product Lead | A product lead is responsible for monitoring the development of new products and services of an organization, starting from brand conceptualization to official market release and distribution. Product leads identify effective product management by conducting data analysis and evaluating market statistics of customer demands... Show more | $41-78 |
A corporate product manager 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 corporate product manager job description:
There are a few common ways to find corporate product managers for your business:
During your first interview to recruit corporate product managers, 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.
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've found the corporate product manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new corporate product manager. 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.
Before you start to hire corporate product managers, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire corporate product managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Corporate product managers earn a median yearly salary is $102,346 a year in the US. However, if you're looking to find corporate product managers for hire on a contract or per-project basis, hourly rates typically range between $37 and $64.