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Product specialist/manager hiring summary. Here are some key points about hiring product specialist/managers in the United States:
Here's a step-by-step product specialist/manager hiring guide:
Before you start hiring a product specialist/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 product specialist/manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, product specialist/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.
Here's a comparison of product specialist/manager salaries for various roles:
| Type of Product Specialist/Manager | Description | Hourly rate |
|---|---|---|
| Product Specialist/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. | $39-80 |
| Manager/Partner | A manager/partner or managing partner is a professional who manages the daily activities of a company as well as guides its overall strategic business direction. Managing partners must cooperate with other executives, board members, and employees to implement organizational goals, procedures, and policies... Show more | $30-67 |
| Distribution Sales Manager | A distribution sales manager is tasked to find whole and retail sellers to distribute goods and services. Alongside distribution, the manager's tasks include monitoring all sales, orders, product performance, and retailer feedback to further improve the product... Show more | $17-53 |
Including a salary range in the product specialist/manager job description is a good way to get more applicants. A product specialist/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 specialist/manager in Wisconsin may be lower than in California, and an entry-level engineer typically earns less than a senior-level product specialist/manager. Additionally, a product specialist/manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $146,681 | $71 |
| 2 | New York | $125,200 | $60 |
| 3 | Massachusetts | $122,232 | $59 |
| 4 | North Carolina | $107,432 | $52 |
| 5 | Michigan | $103,005 | $50 |
| 6 | Washington | $102,269 | $49 |
| 7 | Texas | $97,600 | $47 |
| 8 | Illinois | $97,586 | $47 |
| 9 | Colorado | $95,408 | $46 |
| 10 | Indiana | $88,437 | $43 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $162,781 | $78.26 | 976 |
| 2 | $153,253 | $73.68 | 316 | |
| 3 | SAP | $137,097 | $65.91 | 48 |
| 4 | Corteva | $133,397 | $64.13 | 21 |
| 5 | JPMorgan Chase & Co. | $129,685 | $62.35 | 531 |
| 6 | Cisco | $125,470 | $60.32 | 172 |
| 7 | Zurich | $124,938 | $60.07 | 1 |
| 8 | Halliburton | $124,674 | $59.94 | 1 |
| 9 | Tesla | $118,984 | $57.20 | 22 |
| 10 | Stryker | $116,379 | $55.95 | 138 |
| 11 | State Street | $115,136 | $55.35 | 17 |
| 12 | Techtronic Industries TTI | $115,007 | $55.29 | 2 |
| 13 | Life Tech International | $114,469 | $55.03 | |
| 14 | AllianceBernstein | $113,519 | $54.58 | 3 |
| 15 | GE Healthcare Holdings Inc. | $113,433 | $54.54 | 52 |
| 16 | Infinera | $111,071 | $53.40 | |
| 17 | Medtronic | $110,414 | $53.08 | 173 |
| 18 | General Motors | $108,295 | $52.06 | 140 |
| 19 | Deloitte | $107,744 | $51.80 | 1,328 |
| 20 | Northern Trust | $105,803 | $50.87 | 7 |
A product specialist/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 product specialist/manager job description:
There are various strategies that you can use to find the right product specialist/manager for your business:
Recruiting product specialist/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.
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've selected the best product specialist/manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
Once that's done, you can draft an onboarding schedule for the new product specialist/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 product specialist/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 product specialist/managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $117,196 per year for a product specialist/manager, 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 product specialist/managers in the US typically range between $39 and $80 an hour.