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Product specialist/product management hiring summary. Here are some key points about hiring product specialist/product managements in the United States:
Here's a step-by-step product specialist/product management hiring guide:
Product specialist/Product management requires good communication, technical, business, research, analysis, interpersonal, marketing, and delegation skills, as well as technical expertise. Those who choose this career path will be expected to define the release process and coordinate activities required to bring a given product to the market, such as bridging gaps between different company functions and aligning all involved teams.
Before you post your product specialist/product management 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 product specialist/product management for hire on a part-time basis or as a contractor.
A product specialist/product management's background is also an important factor in determining whether they'll be a good fit for the position. For example, product specialist/product managements 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 product specialist/product managements and their corresponding salaries.
| Type of Product Specialist/Product Management | Description | Hourly rate |
|---|---|---|
| Product Specialist/Product Management | 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. | $33-68 |
| Marketing Director | Marketing directors are responsible for the overall branding and marketing direction of the company. They are in charge of identifying goals and strategies related to marketing... Show more | $32-92 |
| Business Development Director | A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes... Show more | $34-92 |
Including a salary range in your product specialist/product management job description helps attract top candidates to the position. A product specialist/product management 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 product specialist/product management in Kansas may be lower than in California, and an entry-level product specialist/product management usually earns less than a senior-level product specialist/product management. Additionally, a product specialist/product management 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 | $130,098 | $63 |
| 2 | New Jersey | $118,580 | $57 |
| 3 | Washington | $111,046 | $53 |
| 4 | Maryland | $104,627 | $50 |
| 5 | Delaware | $102,223 | $49 |
| 6 | Virginia | $98,191 | $47 |
| 7 | Arizona | $97,096 | $47 |
| 8 | Texas | $95,666 | $46 |
| 9 | New York | $93,407 | $45 |
| 10 | Alabama | $90,762 | $44 |
| 11 | Massachusetts | $87,787 | $42 |
| 12 | North Carolina | $87,185 | $42 |
| 13 | Florida | $82,155 | $40 |
| 14 | Utah | $81,941 | $39 |
| 15 | Georgia | $80,880 | $39 |
| 16 | Arkansas | $77,627 | $37 |
| 17 | Illinois | $77,169 | $37 |
| 18 | Colorado | $75,316 | $36 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | PayPal | $144,545 | $69.49 | 23 |
| 2 | eBay | $137,176 | $65.95 | 35 |
| 3 | Western Digital | $123,348 | $59.30 | 15 |
| 4 | Amgen | $120,342 | $57.86 | 9 |
| 5 | Microsoft | $119,060 | $57.24 | 175 |
| 6 | Applied Materials | $118,780 | $57.11 | 20 |
| 7 | Regeneron | $118,724 | $57.08 | 10 |
| 8 | VMware | $118,669 | $57.05 | 1 |
| 9 | Samsung Electronics Device Solutions (Semiconductor & Display) | $115,563 | $55.56 | 28 |
| 10 | Qualcomm | $114,457 | $55.03 | 39 |
| 11 | Citi | $109,340 | $52.57 | 37 |
| 12 | Ingram Micro | $108,782 | $52.30 | |
| 13 | Views | $108,252 | $52.04 | 1 |
| 14 | Randstad North America, Inc. | $106,655 | $51.28 | 3 |
| 15 | Informatica | $105,836 | $50.88 | |
| 16 | Morgan Stanley | $104,564 | $50.27 | 72 |
| 17 | J.P. Morgan | $104,510 | $50.25 | |
| 18 | Teledyne Technologies Incorporated | $104,057 | $50.03 | 3 |
| 19 | DXC Technology | $103,984 | $49.99 | 5 |
| 20 | Signature Bank | $101,615 | $48.85 |
A good product specialist/product management job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a product specialist/product management job description:
To find the right product specialist/product management for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit product specialist/product managements, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
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 decided on a perfect product specialist/product management candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new product specialist/product management 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.
Before you start to hire product specialist/product managements, 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/product managements pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Product specialist/product managements earn a median yearly salary is $100,728 a year in the US. However, if you're looking to find product specialist/product managements for hire on a contract or per-project basis, hourly rates typically range between $33 and $68.