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Technical product manager hiring summary. Here are some key points about hiring technical product managers in the United States:
Here's a step-by-step technical product manager hiring guide:
A technical product manager's responsibilities revolve around performing research and analysis to identify consumers' needs, utilizing new technologies to develop strategies and products, coordinating with different teams, and monitoring the entire progress of production. There are also instances when a technical product manager must perform clerical tasks such as producing reports, preparing presentations, responding to issues and concerns promptly, and managing schedules. Furthermore, as a manager, it is essential to lead and encourage staff to meet goals while implementing the company's policies and regulations.
First, determine the employments status of the technical product manager you need to hire. Certain technical product manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A technical product manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, technical 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 technical product manager salaries for various roles:
| Type of Technical Product Manager | Description | Hourly rate |
|---|---|---|
| Technical 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. | $42-77 |
| 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 |
| 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 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $138,950 | $67 |
| 2 | Washington | $126,573 | $61 |
| 3 | Oregon | $117,009 | $56 |
| 4 | New York | $112,562 | $54 |
| 5 | Massachusetts | $109,883 | $53 |
| 6 | Virginia | $106,812 | $51 |
| 7 | Pennsylvania | $106,273 | $51 |
| 8 | Arizona | $106,103 | $51 |
| 9 | Texas | $103,928 | $50 |
| 10 | Connecticut | $101,304 | $49 |
| 11 | Utah | $99,104 | $48 |
| 12 | District of Columbia | $98,579 | $47 |
| 13 | North Carolina | $95,511 | $46 |
| 14 | Illinois | $94,803 | $46 |
| 15 | Georgia | $94,318 | $45 |
| 16 | Ohio | $94,237 | $45 |
| 17 | Maine | $94,081 | $45 |
| 18 | Missouri | $89,439 | $43 |
| 19 | Minnesota | $89,245 | $43 |
| 20 | Colorado | $88,983 | $43 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $174,790 | $84.03 | 461 |
| 2 | Netflix | $173,206 | $83.27 | 71 |
| 3 | The Walt Disney Company | $166,281 | $79.94 | 100 |
| 4 | Discovery | $164,208 | $78.95 | |
| 5 | $162,164 | $77.96 | 437 | |
| 6 | ByteDance | $161,312 | $77.55 | 20 |
| 7 | McKinsey & Company Inc | $160,307 | $77.07 | 10 |
| 8 | DoorDash | $160,125 | $76.98 | 59 |
| 9 | ICE Mortgage Technology | $158,439 | $76.17 | |
| 10 | StubHub | $158,408 | $76.16 | 12 |
| 11 | Apple | $157,200 | $75.58 | 92 |
| 12 | eBay | $156,555 | $75.27 | 26 |
| 13 | PayPal | $155,058 | $74.55 | 30 |
| 14 | Microsoft | $154,169 | $74.12 | 453 |
| 15 | Brookfield Properties | $153,347 | $73.72 | 6 |
| 16 | Zoox | $152,541 | $73.34 | 43 |
| 17 | 10x Genomics | $151,841 | $73.00 | 1 |
| 18 | Cruise Automation | $151,178 | $72.68 | |
| 19 | NVIDIA | $150,990 | $72.59 | 83 |
| 20 | Match Group | $147,998 | $71.15 | 24 |
A good technical 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 technical product manager job description:
To find the right technical product manager for your business, consider trying out a few different recruiting strategies:
Your first interview with technical 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.
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 have selected a candidate for the technical product manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize 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.
To prepare for the new technical product manager 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 technical 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 technical product managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Technical product managers earn a median yearly salary is $120,052 a year in the US. However, if you're looking to find technical product managers for hire on a contract or per-project basis, hourly rates typically range between $42 and $77.