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Compensation
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I am an HR Mgr for a small (40ee's) start-up Co. Can anyone assist me in how I would go about finding information on compensation for Product managers/product specialist. These employees manage produc
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Compensation
posted at 7/30/1999 12:34 AM EDT
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Posts: 12
First: 6/17/1999 Last: 8/26/1999 |
I am an HR Mgr for a small (40ee's) start-up Co. Can anyone assist me in how I would go about finding information on compensation for Product managers/product specialist. These employees manage products from design, engineering, proposals, pricing, tooling, manufacturing and delivery. The current range is between 40(k) to 50(k) Any help would be appreciated. |
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Compensation
posted at 7/30/1999 3:35 AM EDT
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Posts: 99
First: 6/22/1999 Last: 12/11/2001 |
Look at my response to HRMGR on 7/27/99 in this forum. I listed about 7 websites that provide salary information. Depending on your type of engineer (ie, mechanical) you can also look at:
1. www.ecn.purdue.edu/ESCAPE/stats - provides a graph/information of eingineering salary statistics by years after they have received their degree. 2. www.nesnet.com - provides the NES engineering salary results. 3. www.nspe.org - National Society of Professional Engineers they classify by grade levels but read the job descriptions to ascertain where your product managers fit in. My software engineers for a company I worked with 2 years ago that were product managers were in the 50-75k range. They were responsible for design, development, pricing, product manual, approval of packaging and release date schedule. |
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Compensation
posted at 8/1/1999 6:51 PM EDT
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Posts: 833
First: 6/11/1999 Last: 8/23/2001 |
You may also want to check with your State's DOL and/or Chamber of Commerce. In a lot of cases, the States' Dept. of Economic Development keep these figures also in order to attract new businesses and give prospective relocatees an idea of the local labor market.
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Compensation
posted at 8/4/1999 12:24 AM EDT
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Posts: 434
First: 6/14/1999 Last: 4/25/2001 |
You could try the surveys noted above. In fact, try all of them and see if there's a sufficient amount of consensus between them to give you a valid reference point.
Unfortunately, these surveys tend to be very broad and largely dependent on voluntary inputs. You may find the survey data includes product managers in such a wide range of industries (banking, software development, nuclear engineer) such that the data is relatively useless. There are several consulting firms that actively produce industry specific survey data. Towers Perrin has an enormous salary database. Wyatt Consulting and William M. Mercer also have salary data available. For a price, of course. |
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