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Product managers are responsible for the entire lifecycle of their company’s products. They work closely with designers and engineers to create new products and then manage them through production and marketing.
A product manager is expected to be familiar with all aspects of the business and possess strong analytical skills. They must stay up-to-date on developments in their industry and identify growth opportunities. They must also have excellent communication skills to bridge the gaps with other employees and stakeholders effectively.
Managing a product is a broad discipline, so it's important to explain the role clearly and in detail when advertising for it. A product manager would wear different hats, so it is essential to find a well-rounded individual who can bridge the gaps between the various departments. Since a product manager will be working with other members, consider having other employees involved in the interview process to assess suitability.
Consider asking the potential candidate about their previous achievements and how they have dealt with pitfalls such as declining demand for the product or changes in the market. This will assess the candidate's critical thinking skills.
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Discuss the terms
You've found the ideal candidate, and they have accepted the offer. You have to make sure your employment contract is comprehensive and covers all aspects. So, what do you need to know?
First, make sure the contract covers all of the following:
- Compensation (salary, bonuses, stock options, benefits)
- Work schedule (hours, vacation time)
- Job description
- Job expectations (reporting lines, evaluation process)
- Employment status (permanent or temporary; full or part-time)
- Job title and official start date
There are many other key terms you will want to consider before sending this to the candidate. Consider adding restrictive covenants or a suitable notice period. These clauses are vital to protect both employee and employer.
Create a contract
Creating an employment agreement with Legislate is simple. Set the terms of the employment by answering some simple questions and inviting your employee when you are happy with the terms.
Once the employee has reviewed the preview and accepted the terms, they can sign. Legislate also supports witnessing should you require this.