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Director of product development hiring summary. Here are some key points about hiring directors of product development in the United States:
Here's a step-by-step director of product development hiring guide:
A Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors.
The director of product development 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.
Hiring the perfect director of product development 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.
The following list breaks down different types of directors of product development and their corresponding salaries.
| Type of Director Of Product Development | Description | Hourly rate |
|---|---|---|
| Director Of 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. | $48-94 |
| 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 |
| Development & Program Manager | The responsibilities of a development and program manager depend on one's place or industry of employment. Typically, they are in charge of overseeing the operations behind various projects and programs, ensuring everything is running smoothly and efficiently... Show more | $36-65 |
Including a salary range in your director of product development job description helps attract top candidates to the position. A director of product development 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 director of product development in Wyoming may be lower than in California, and an entry-level director of product development usually earns less than a senior-level director of product development. Additionally, a director of product development 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 | $169,278 | $81 |
| 2 | Washington | $154,393 | $74 |
| 3 | Nevada | $145,404 | $70 |
| 4 | New York | $145,389 | $70 |
| 5 | New Jersey | $144,230 | $69 |
| 6 | Texas | $143,016 | $69 |
| 7 | Virginia | $142,609 | $69 |
| 8 | Michigan | $142,148 | $68 |
| 9 | Massachusetts | $137,809 | $66 |
| 10 | North Carolina | $135,749 | $65 |
| 11 | Wisconsin | $134,992 | $65 |
| 12 | Arizona | $134,482 | $65 |
| 13 | Ohio | $132,252 | $64 |
| 14 | Pennsylvania | $131,821 | $63 |
| 15 | Illinois | $131,750 | $63 |
| 16 | District of Columbia | $129,533 | $62 |
| 17 | Minnesota | $124,166 | $60 |
| 18 | Missouri | $124,020 | $60 |
| 19 | Florida | $120,449 | $58 |
| 20 | Colorado | $117,454 | $56 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Apple | $181,230 | $87.13 | 87 |
| 2 | Bed Bath & Beyond | $180,498 | $86.78 | |
| 3 | F5 | $179,912 | $86.50 | 18 |
| 4 | Genentech | $177,728 | $85.45 | 67 |
| 5 | ENERGY RECOVERY, INC. | $177,437 | $85.31 | |
| 6 | BMC Software | $173,362 | $83.35 | 3 |
| 7 | Intuit | $170,567 | $82.00 | 184 |
| 8 | Foundation Medicine | $169,694 | $81.58 | 6 |
| 9 | Walmart | $169,660 | $81.57 | 278 |
| 10 | Stand Together | $169,031 | $81.26 | 4 |
| 11 | Skillz | $168,124 | $80.83 | 1 |
| 12 | Applied Materials | $166,683 | $80.14 | 43 |
| 13 | Program for Appropriate Technology In Health | $165,299 | $79.47 | |
| 14 | Citi | $165,128 | $79.39 | 101 |
| 15 | Mercy Corps | $165,052 | $79.35 | |
| 16 | RapidRatings | $163,670 | $78.69 | |
| 17 | Sephora | $163,655 | $78.68 | 4 |
| 18 | Plastic Omnium Auto Exteriors | $163,577 | $78.64 | 1 |
| 19 | CME Group | $162,104 | $77.93 | 3 |
| 20 | CyberGrants | $161,165 | $77.48 |
A director of product development 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 director of product development job description:
There are various strategies that you can use to find the right director of product development for your business:
To successfully recruit directors of product development, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
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 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 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.
To prepare for the new director of product development first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring directors of product development. 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 director of product development employee.
The median annual salary for directors of product development is $140,507 in the US. However, the cost of director of product development hiring can vary a lot depending on location. Additionally, hiring a director of product development for contract work or on a per-project basis typically costs between $48 and $94 an hour.