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Regional product manager hiring summary. Here are some key points about hiring regional product managers in the United States:
Here's a step-by-step regional product manager hiring guide:
Regional product managers maintain strong client relations to identify incremental revenue opportunities and ensure a competitive advantage. They support bidding situations and selling through exclusive authorized dealers, general contractors, and agents. Most of them analyze and review business reports, including inventory levels, sales results, and customer satisfaction. They may evaluate ROI before executing customer solutions based upon the feasibility. These managers must have analytical skills to gather information from various sources, leadership to directly correlate with a person's ability to lead others toward an accomplishment, and creativity.
Before you start hiring a regional 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 regional product manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, regional 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.
Here's a comparison of regional product manager salaries for various roles:
| Type of Regional Product Manager | Description | Hourly rate |
|---|---|---|
| Regional Product Manager | Sales managers direct organizations' sales teams. They set sales goals, analyze data, and develop training programs for organizations’ sales representatives. | $37-77 |
| Product Lead | A product lead is responsible for monitoring the development of new products and services of an organization, starting from brand conceptualization to official market release and distribution. Product leads identify effective product management by conducting data analysis and evaluating market statistics of customer demands... Show more | $41-78 |
| Brand Manager | A brand manager is a professional responsible for adapting a brand strategy that targets the potential market for a company's product while maintaining its integrity. Brand managers assist in developing products while managing budgets for the advertising and promotion of their new products... Show more | $34-62 |
Including a salary range in the regional product manager job description is a good way to get more applicants. A regional product 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 regional product manager in South Dakota may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level regional product manager. Additionally, a regional product manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $149,404 | $72 |
| 2 | New York | $147,866 | $71 |
| 3 | California | $133,555 | $64 |
| 4 | Massachusetts | $131,856 | $63 |
| 5 | Florida | $130,232 | $63 |
| 6 | Pennsylvania | $127,332 | $61 |
| 7 | Texas | $122,367 | $59 |
| 8 | Connecticut | $122,005 | $59 |
| 9 | Michigan | $116,756 | $56 |
| 10 | Washington | $114,921 | $55 |
| 11 | Virginia | $114,427 | $55 |
| 12 | North Carolina | $103,375 | $50 |
| 13 | Ohio | $100,037 | $48 |
| 14 | Illinois | $98,365 | $47 |
| 15 | Minnesota | $89,983 | $43 |
| 16 | Kansas | $86,918 | $42 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $178,485 | $85.81 | 295 | |
| 2 | Amazon | $147,459 | $70.89 | 639 |
| 3 | Crane Co. | $136,090 | $65.43 | 9 |
| 4 | BD | $132,916 | $63.90 | 22 |
| 5 | Axalta | $125,496 | $60.33 | 2 |
| 6 | MSCI | $125,138 | $60.16 | 3 |
| 7 | Danfoss | $124,548 | $59.88 | 38 |
| 8 | DFS Corporate Services LLC | $123,279 | $59.27 | |
| 9 | Flowserve | $121,879 | $58.60 | 6 |
| 10 | Integra LifeSciences | $121,805 | $58.56 | 5 |
| 11 | GEA Group | $121,186 | $58.26 | 16 |
| 12 | Farmers Insurance | $120,876 | $58.11 | 55 |
| 13 | BASF | $120,724 | $58.04 | 10 |
| 14 | Atkore International | $120,345 | $57.86 | 7 |
| 15 | Donegal Insurance Group | $119,947 | $57.67 | |
| 16 | Grundfos | $119,841 | $57.62 | 70 |
| 17 | Carrington Mortgage Services, Mortgage Lending Division | $119,697 | $57.55 | 7 |
| 18 | Henkel | $118,374 | $56.91 | 85 |
| 19 | ADM | $114,442 | $55.02 | 11 |
| 20 | CarringtonRES | $112,824 | $54.24 | 109 |
A good regional product manager 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 regional product manager job description:
To find the right regional product manager for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit regional product managers, 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.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to 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 regional product 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 important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new regional 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 regional 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 regional product managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Regional product managers earn a median yearly salary is $111,928 a year in the US. However, if you're looking to find regional product managers for hire on a contract or per-project basis, hourly rates typically range between $37 and $77.