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Product services manager hiring summary. Here are some key points about hiring product services managers in the United States:
Here's a step-by-step product services manager hiring guide:
A product services manager specializes in overseeing the development of products and services in a company, ensuring efficiency and client satisfaction. They are typically in charge of managing product roadmaps, performing research and market analysis to identify business opportunities, gathering and analyzing client feedback, and coordinating different departments to come up with new products for the market. Furthermore, as a manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Before you start hiring a product services 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.
You should also consider the ideal background you'd like them a product services 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 product services manager that fits the bill.
The following list breaks down different types of product services managers and their corresponding salaries.
| Type of Product Services Manager | Description | Hourly rate |
|---|---|---|
| Product Services 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. | $43-75 |
| Vice President, Product Management | A vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends... Show more | $61-125 |
| 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 |
Including a salary range in the product services manager job description is a good way to get more applicants. A product services manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a product services manager in Kansas may be lower than in Washington, and an entry-level engineer typically earns less than a senior-level product services manager. Additionally, a product services manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $149,839 | $72 |
| 2 | California | $144,409 | $69 |
| 3 | Rhode Island | $141,347 | $68 |
| 4 | North Dakota | $130,465 | $63 |
| 5 | New York | $128,109 | $62 |
| 6 | New Jersey | $122,937 | $59 |
| 7 | Maryland | $122,888 | $59 |
| 8 | Virginia | $121,785 | $59 |
| 9 | Indiana | $120,829 | $58 |
| 10 | Massachusetts | $119,980 | $58 |
| 11 | Illinois | $117,258 | $56 |
| 12 | Minnesota | $116,141 | $56 |
| 13 | Connecticut | $115,930 | $56 |
| 14 | District of Columbia | $114,235 | $55 |
| 15 | Ohio | $114,011 | $55 |
| 16 | Arizona | $113,257 | $54 |
| 17 | Texas | $109,179 | $52 |
| 18 | Utah | $109,021 | $52 |
| 19 | Michigan | $108,224 | $52 |
| 20 | Georgia | $105,633 | $51 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $166,072 | $79.84 | 947 |
| 2 | $155,758 | $74.88 | 333 | |
| 3 | Mayo Clinic | $148,752 | $71.52 | 23 |
| 4 | First Republic Bank | $147,870 | $71.09 | |
| 5 | Apple | $146,991 | $70.67 | 79 |
| 6 | Medallia | $146,664 | $70.51 | |
| 7 | Pure Storage | $144,525 | $69.48 | 16 |
| 8 | Palo Alto Networks | $142,574 | $68.55 | 124 |
| 9 | Zoox | $142,249 | $68.39 | 15 |
| 10 | Two Sigma | $141,235 | $67.90 | |
| 11 | Fitbit | $138,818 | $66.74 | |
| 12 | Bankers Trust Company | $137,975 | $66.33 | |
| 13 | New Relic | $136,672 | $65.71 | 22 |
| 14 | J.P. Morgan | $136,196 | $65.48 | |
| 15 | Bloomberg | $135,089 | $64.95 | 66 |
| 16 | Citi | $134,146 | $64.49 | 34 |
| 17 | BNY Mellon | $133,528 | $64.20 | 96 |
| 18 | ResMed | $132,998 | $63.94 | 19 |
| 19 | Intel | $132,980 | $63.93 | 6 |
| 20 | ViacomCBS | $132,106 | $63.51 |
A job description for a product services 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 product services manager job description:
To find product services managers for your business, try out a few different recruiting strategies:
Recruiting product services managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
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 product services 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 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 product services manager 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.
Hiring a product services manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting product services managers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of product services manager recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for product services managers is $119,601 in the US. However, the cost of product services manager hiring can vary a lot depending on location. Additionally, hiring a product services manager for contract work or on a per-project basis typically costs between $43 and $75 an hour.