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Global product manager hiring summary. Here are some key points about hiring global product managers in the United States:
Here's a step-by-step global product manager hiring guide:
A global product manager is responsible for advertising the company's goods and services globally, ensuring that the products meet the global market requirements, and monitor its long-term availability. Global product managers address all inquiries and concerns regarding the product, as well as supervising the manufacturing procedures and analyzing the sales delivery. They also identify business opportunities by evaluating market trends to drive more revenues and increase the company's profitability. A global product manager usually works closely with the sales and marketing team to develop strategic marketing techniques to boost global brand awareness.
Before you start hiring a global product manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A global product manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, global product managers 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.
The following list breaks down different types of global product managers and their corresponding salaries.
| Type of Global Product Manager | Description | Hourly rate |
|---|---|---|
| Global 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. | $40-75 |
| 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 Director | The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services... Show more | $50-101 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $140,849 | $68 |
| 2 | Connecticut | $136,843 | $66 |
| 3 | New York | $128,826 | $62 |
| 4 | Utah | $127,784 | $61 |
| 5 | Massachusetts | $125,986 | $61 |
| 6 | Michigan | $124,794 | $60 |
| 7 | Pennsylvania | $118,799 | $57 |
| 8 | Washington | $114,736 | $55 |
| 9 | Arizona | $114,531 | $55 |
| 10 | Oregon | $113,696 | $55 |
| 11 | Ohio | $108,577 | $52 |
| 12 | Illinois | $106,237 | $51 |
| 13 | North Carolina | $106,156 | $51 |
| 14 | Maryland | $105,631 | $51 |
| 15 | Texas | $105,327 | $51 |
| 16 | Minnesota | $103,709 | $50 |
| 17 | District of Columbia | $102,173 | $49 |
| 18 | Indiana | $99,891 | $48 |
| 19 | Colorado | $97,505 | $47 |
| 20 | Louisiana | $93,372 | $45 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | The Citadel | $175,077 | $84.17 | |
| 2 | Meta | $172,599 | $82.98 | 973 |
| 3 | $157,161 | $75.56 | 270 | |
| 4 | Netflix | $152,921 | $73.52 | 47 |
| 5 | Apple | $147,449 | $70.89 | 69 |
| 6 | Citi | $146,208 | $70.29 | 27 |
| 7 | PayPal | $144,169 | $69.31 | 74 |
| 8 | The Walt Disney Company | $143,396 | $68.94 | 93 |
| 9 | $138,076 | $66.38 | 23 | |
| 10 | Square | $137,177 | $65.95 | |
| 11 | J.P. Morgan | $134,698 | $64.76 | |
| 12 | Koch Industries | $134,585 | $64.70 | 1 |
| 13 | FUJIFILM Diosynth Biotechnologies | $134,095 | $64.47 | 2 |
| 14 | Dermalogica | $132,848 | $63.87 | |
| 15 | Cisco | $132,560 | $63.73 | 226 |
| 16 | Yahoo | $127,643 | $61.37 | |
| 17 | Novartis | $126,332 | $60.74 | 4 |
| 18 | IFF | $125,528 | $60.35 | 1 |
| 19 | ServiceNow | $125,347 | $60.26 | 108 |
| 20 | PPG | $124,878 | $60.04 | 3 |
A job description for a global product manager 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 global product manager job description:
There are a few common ways to find global product managers for your business:
To successfully recruit global product managers, 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.
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 global product manager 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.
Once that's done, you can draft an onboarding schedule for the new global product manager. 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.
Before you start to hire global 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 global product managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for global product managers is $116,060 in the US. However, the cost of global product manager hiring can vary a lot depending on location. Additionally, hiring a global product manager for contract work or on a per-project basis typically costs between $40 and $75 an hour.