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Retail product manager hiring summary. Here are some key points about hiring retail product managers in the United States:
Here's a step-by-step retail product manager hiring guide:
Before you post your retail product manager 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 retail product manager for hire on a part-time basis or as a contractor.
A retail product manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, retail 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.
This list shows salaries for various types of retail product managers.
| Type of Retail Product Manager | Description | Hourly rate |
|---|---|---|
| Retail 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. | $23-66 |
| Brand Marketing Manager | A brand marketing manager is a professional who ensures that efficient execution of business plans is achieved to meet future brand expectations and targets of a company. Brand marketing managers need to ensure brand integrity by guiding efforts across multiple media channels such as television, radio, and paid social media... Show more | $30-62 |
| 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 your retail product manager job description helps attract top candidates to the position. A retail product manager 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 retail product manager in Kentucky may be lower than in California, and an entry-level retail product manager usually earns less than a senior-level retail product manager. Additionally, a retail product manager 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 | $109,829 | $53 |
| 2 | Massachusetts | $97,704 | $47 |
| 3 | Washington | $94,778 | $46 |
| 4 | Texas | $84,236 | $41 |
| 5 | New Jersey | $82,803 | $40 |
| 6 | Nevada | $82,236 | $40 |
| 7 | Delaware | $80,793 | $39 |
| 8 | Pennsylvania | $80,081 | $39 |
| 9 | New York | $79,997 | $38 |
| 10 | Maryland | $73,939 | $36 |
| 11 | Illinois | $72,500 | $35 |
| 12 | Virginia | $72,080 | $35 |
| 13 | New Hampshire | $71,830 | $35 |
| 14 | Utah | $71,679 | $34 |
| 15 | Michigan | $68,180 | $33 |
| 16 | North Carolina | $68,044 | $33 |
| 17 | Louisiana | $66,985 | $32 |
| 18 | Ohio | $66,940 | $32 |
| 19 | Georgia | $64,694 | $31 |
| 20 | South Carolina | $62,743 | $30 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Apple | $127,958 | $61.52 | 81 |
| 2 | Expedia Group | $113,024 | $54.34 | 92 |
| 3 | Citi | $112,966 | $54.31 | 31 |
| 4 | Wachovia Securities | $112,809 | $54.24 | |
| 5 | Levi Strauss & Co. | $112,578 | $54.12 | 23 |
| 6 | Deloitte | $95,238 | $45.79 | 1,205 |
| 7 | Amazon | $92,724 | $44.58 | 738 |
| 8 | Oracle | $91,098 | $43.80 | 2,846 |
| 9 | Sony Electronics | $90,915 | $43.71 | 11 |
| 10 | PlayStation | $84,759 | $40.75 | 11 |
| 11 | Yale University | $81,524 | $39.19 | 1 |
| 12 | Popular | $81,275 | $39.07 | 2 |
| 13 | ITW Evercoat | $81,185 | $39.03 | |
| 14 | Advantage Solutions | $79,310 | $38.13 | 1,268 |
| 15 | Kohler Co. | $78,948 | $37.96 | 16 |
| 16 | Zions Ban | $78,249 | $37.62 | |
| 17 | California Bank of Commerce | $77,180 | $37.11 | |
| 18 | Club Demonstration Services | $75,796 | $36.44 | |
| 19 | Matrix Service Company | $75,788 | $36.44 | |
| 20 | Tompkins Insurance | $74,765 | $35.94 |
A retail product 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. Below, you can find an example of a retail product manager job description:
To find the right retail product manager for your business, consider trying out a few different recruiting strategies:
Recruiting retail product 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 to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you 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 retail 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 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.
After that, you can create an onboarding schedule for a new retail product manager. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Recruiting retail product managers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
The median annual salary for retail product managers is $82,334 in the US. However, the cost of retail product manager hiring can vary a lot depending on location. Additionally, hiring a retail product manager for contract work or on a per-project basis typically costs between $23 and $66 an hour.