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Director of new product development hiring summary. Here are some key points about hiring directors of new product development in the United States:
Here's a step-by-step director of new product development hiring guide:
A director of new product development spearheads and oversees a company's product development operations, from planning to production. They primarily take the lead in conducting research and analyses, coordinating engineers and other experts, evaluating product development plans and guidelines, and liaising with internal and external parties. They also have the authority to approve projects, make significant decisions, negotiate contracts, select concepts, and monitor all procedures, implementing solutions and strategies to optimize operations. Moreover, a director of new product development empowers employees while enforcing company standards and policies.
Before you post your director of new product development 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 director of new product development for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a director of new product development 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 director of new product development that fits the bill.
This list shows salaries for various types of directors of new product development.
| Type of Director Of New Product Development | Description | Hourly rate |
|---|---|---|
| Director Of New Product Development | 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. | $45-98 |
| Product Management Director | A Product Management Director is responsible for a business product planning as well as execution throughout the life cycle of the business. They create the product strategy and requirements, develop and execute tactical plans, and maintain product and market knowledge. | $53-105 |
| Global Director | The duties of a global director will vary on one's line of work or company of employment. Typically, their responsibilities will revolve around overseeing and leading a diverse range of employees or departments, developing new strategies and programs for global markets, and ensuring that all products and services are inclusive and public friendly... Show more | $51-110 |
Including a salary range in your director of new product development job description is one of the best ways to attract top talent. A director of new product development can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $155,016 | $75 |
| 2 | New Jersey | $152,907 | $74 |
| 3 | New York | $142,070 | $68 |
| 4 | Pennsylvania | $140,388 | $67 |
| 5 | Virginia | $138,418 | $67 |
| 6 | Washington | $137,960 | $66 |
| 7 | Massachusetts | $131,568 | $63 |
| 8 | North Carolina | $129,386 | $62 |
| 9 | Georgia | $125,123 | $60 |
| 10 | Michigan | $122,173 | $59 |
| 11 | District of Columbia | $121,959 | $59 |
| 12 | Ohio | $121,259 | $58 |
| 13 | Florida | $118,849 | $57 |
| 14 | Utah | $117,556 | $57 |
| 15 | Minnesota | $99,985 | $48 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | DoorDash | $179,280 | $86.19 | 86 |
| 2 | Myriad Genetics | $169,460 | $81.47 | 7 |
| 3 | Novo Nordisk | $164,437 | $79.06 | 7 |
| 4 | Tapad | $162,316 | $78.04 | |
| 5 | Microsoft | $159,777 | $76.82 | 262 |
| 6 | Edwards Lifesciences | $159,508 | $76.69 | 47 |
| 7 | Sanofi US | $159,272 | $76.57 | 49 |
| 8 | JUUL | $157,745 | $75.84 | 2 |
| 9 | IPSCO Tubulars Inc | $157,463 | $75.70 | |
| 10 | Williams Sonoma | $156,584 | $75.28 | 7 |
| 11 | Abbott | $144,921 | $69.67 | 75 |
| 12 | Cytokinetics | $143,874 | $69.17 | 3 |
| 13 | AT&T | $140,530 | $67.56 | 29 |
| 14 | Battelle | $139,699 | $67.16 | 4 |
| 15 | Techtronic Industries TTI | $138,381 | $66.53 | 7 |
| 16 | OUC | $135,244 | $65.02 | |
| 17 | B. Braun Medical | $134,561 | $64.69 | |
| 18 | American Express | $134,138 | $64.49 | 146 |
| 19 | Alere | $133,325 | $64.10 | |
| 20 | Avo Photonics | $131,793 | $63.36 |
A job description for a director of new product development role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a director of new product development job description:
To find the right director of new product development for your business, consider trying out a few different recruiting strategies:
Your first interview with director of new product development 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.
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 director of new product 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 important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new director of new product development. 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.
Recruiting directors of new product 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 $139,162 per year for a director of new product 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 directors of new product development in the US typically range between $45 and $98 an hour.