Hire a Product Manager
A product manager is responsible for taking care of the strategy, roadmap, and feature definition of a company's product or product line. They manage customer experiences, create product pricing, and determine feature requirements. A successful product manager is passionate about the journey of discovery through iteration. They relentlessly aim for high standards, delivering innovative and groundbreaking products time and again. They form part of the product management team, defining and leading the execution of various product solutions. The salary for the position ranges between $86,000 and $103,000 per year and can include cash bonuses up to $8,000 annually. The compensation largely depends on the role’s complexity, the job location, and years of experience of the employee. Other benefits usually include 401(k) and 401(k) matching, stock options, paid vacation time, to name a few. As a career option, this field of work has immense potential. Professionals working in this role are likely to get promoted into senior product manager, product marketing manager, and product management director roles.
What the role requires
Product managers occupy a pivotal position, and their responsibilities vary from company to company. Generally speaking, product managers take care of all aspects of the product development process for their company. They are responsible for determining product offerings, participating in the product research process, evaluating new opportunities, and supporting different markets with product lines. While strategizing for a new product line, they have to analyze the competition to introduce and improve the features of the existing product line. They should actively communicate with the team members to create detailed product updates. Product managers develop specifications and form a more coherent product concept. They also need to participate in product development meetings and contribute ideas for product modifications. Managers also interact with external vendors and build strong business relationships with product partners. They oversee product evaluations and formulate reports based on technical data. They should document the capabilities of existing products to compare and review future requirements and build strategies accordingly.
What the hiring manager seeks
When hiring for the role, most employers prefer candidates with a bachelor's degree in business, management, or a related field. Previous experience in product development or a management role is desired. Industry and leadership certifications are beneficial. They also need to be familiar with related software and Microsoft Office. The product managers must be organized professionals with strong analytical skills. They must have excellent communication and interpersonal skills to interact effortlessly with team members, vendors, and stakeholders. They should be skilled at leading a group to achieve company goals on time. Other essential skills inherent to the job role include: problem-solving ability, being detail oriented, and having an in-depth knowledge of the market and industry.
