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Vice president, product management hiring summary. Here are some key points about hiring vice presidents, product management in the United States:
Here's a step-by-step vice president, product management hiring guide:
A vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
First, determine the employments status of the vice president, product management you need to hire. Certain vice president, product management roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
You should also consider the ideal background you'd like them a vice president, product management to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a vice president, product management that fits the bill.
This list shows salaries for various types of vice presidents, product management.
| Type of Vice President, Product Management | Description | Hourly rate |
|---|---|---|
| Vice President, 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. | $61-125 |
| 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 |
Including a salary range in your vice president, product management job description helps attract top candidates to the position. A vice president, 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 vice president, product management in Ohio may be lower than in Alaska, and an entry-level vice president, product management usually earns less than a senior-level vice president, product management. Additionally, a vice president, 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 | $215,474 | $104 |
| 2 | Washington | $213,161 | $102 |
| 3 | Arizona | $194,963 | $94 |
| 4 | Connecticut | $173,803 | $84 |
| 5 | Colorado | $171,847 | $83 |
| 6 | New Jersey | $167,717 | $81 |
| 7 | Illinois | $165,408 | $80 |
| 8 | New York | $164,333 | $79 |
| 9 | Missouri | $164,228 | $79 |
| 10 | District of Columbia | $164,142 | $79 |
| 11 | Massachusetts | $162,524 | $78 |
| 12 | Texas | $161,254 | $78 |
| 13 | Ohio | $149,384 | $72 |
| 14 | Georgia | $148,504 | $71 |
| 15 | Delaware | $144,571 | $70 |
| 16 | Florida | $142,568 | $69 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Okta | $229,752 | $110.46 | 56 |
| 2 | Safeway | $219,050 | $105.31 | |
| 3 | VMware | $216,646 | $104.16 | 1 |
| 4 | Palo Alto Networks | $215,572 | $103.64 | 123 |
| 5 | Macy's | $214,649 | $103.20 | 58 |
| 6 | Blue Apron | $213,106 | $102.45 | |
| 7 | Converse | $213,090 | $102.45 | |
| 8 | Rubrik | $212,631 | $102.23 | 94 |
| 9 | Miami International Holdings | $205,553 | $98.82 | |
| 10 | Everlane | $204,486 | $98.31 | |
| 11 | Techstars | $202,948 | $97.57 | |
| 12 | WANdisco | $201,247 | $96.75 | |
| 13 | Weedmaps | $200,995 | $96.63 | 16 |
| 14 | ResMed | $200,337 | $96.32 | 17 |
| 15 | SiriusXM | $199,887 | $96.10 | 7 |
| 16 | Klein Tools | $198,388 | $95.38 | |
| 17 | Kronos Incorporated | $197,740 | $95.07 | |
| 18 | Nutanix | $195,309 | $93.90 | 12 |
| 19 | Talkdesk | $194,316 | $93.42 | 8 |
| 20 | Mastercard | $194,111 | $93.32 | 187 |
A vice president, product management 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 vice president, product management job description:
There are a few common ways to find vice presidents, product management for your business:
Recruiting vice presidents, product management 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.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 vice president, product management 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.
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.
Once that's done, you can draft an onboarding schedule for the new vice president, product management. 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 vice presidents, product management, 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 vice presidents, product management pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $183,231 per year for a vice president, product management, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for vice presidents, product management in the US typically range between $61 and $125 an hour.