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Software product manager hiring summary. Here are some key points about hiring software product managers in the United States:
Here's a step-by-step software product manager hiring guide:
Software product managers are individuals who lead and handle products from their inception to their phase-out. The managers establish customer value and carry out measurable benefits for business. They translate data from the discovery phase into product requirements. Understanding technology, expertise in the field, technical skills are necessary to become successful in this job. They analyze competition in the market and the factors that make it valuable.
Before you post your software 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 software product manager for hire on a part-time basis or as a contractor.
A software product manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, software 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 software product managers.
| Type of Software Product Manager | Description | Hourly rate |
|---|---|---|
| Software 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. | $37-74 |
| Media Manager | Media managers oversee the department that works on the different communication needs of the company. They execute the communications strategies of the company... Show more | $31-67 |
| 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 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $147,228 | $71 |
| 2 | New Jersey | $118,258 | $57 |
| 3 | New York | $115,897 | $56 |
| 4 | Pennsylvania | $113,916 | $55 |
| 5 | Massachusetts | $110,633 | $53 |
| 6 | Washington | $105,765 | $51 |
| 7 | Nevada | $105,190 | $51 |
| 8 | Arizona | $103,009 | $50 |
| 9 | Delaware | $102,653 | $49 |
| 10 | North Carolina | $102,094 | $49 |
| 11 | Oregon | $101,092 | $49 |
| 12 | Texas | $100,512 | $48 |
| 13 | Virginia | $97,276 | $47 |
| 14 | New Mexico | $96,723 | $47 |
| 15 | Michigan | $96,388 | $46 |
| 16 | North Dakota | $93,071 | $45 |
| 17 | Illinois | $92,845 | $45 |
| 18 | Mississippi | $92,342 | $44 |
| 19 | Connecticut | $90,086 | $43 |
| 20 | Iowa | $90,078 | $43 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $176,242 | $84.73 | 1,472 |
| 2 | Apple | $168,019 | $80.78 | 83 |
| 3 | Netflix | $166,902 | $80.24 | 48 |
| 4 | NVIDIA | $166,516 | $80.06 | 54 |
| 5 | Acronis | $160,199 | $77.02 | |
| 6 | Amazon | $159,005 | $76.44 | 748 |
| 7 | SeatGeek | $151,859 | $73.01 | 2 |
| 8 | Arista Networks | $149,675 | $71.96 | |
| 9 | Logitech | $148,718 | $71.50 | 6 |
| 10 | Amd | $144,414 | $69.43 | 46 |
| 11 | Square | $144,078 | $69.27 | |
| 12 | Seres | $143,228 | $68.86 | |
| 13 | Applied Materials | $141,202 | $67.89 | 25 |
| 14 | Lam Research | $140,369 | $67.49 | 11 |
| 15 | Kyocera Mobile | $140,153 | $67.38 | 1 |
| 16 | Kronos Incorporated | $139,251 | $66.95 | |
| 17 | Cisco | $139,113 | $66.88 | 226 |
| 18 | Tesla | $137,823 | $66.26 | 13 |
| 19 | Topcon Positioning Systems | $136,118 | $65.44 | |
| 20 | Mettler-Toledo International | $136,020 | $65.39 |
A software 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 software product manager job description:
There are a few common ways to find software product managers for your business:
Your first interview with software product manager candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
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 decided on a perfect software product manager 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 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 software 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.
Hiring a software product manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting software product 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 software product manager recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for software product managers is $110,785 in the US. However, the cost of software product manager hiring can vary a lot depending on location. Additionally, hiring a software product manager for contract work or on a per-project basis typically costs between $37 and $74 an hour.