Navigating the Item Job Market place

Scott Baldwin

06/21/23

Item Excellence | Merchandise Leaders

Macroeconomic problems are however turbulent, and that has in a natural way led to people questioning how feasible it at present is to come across a new work. And for Solution Professionals in particular, where it is popular to be referred to new positions, implementing for work opportunities may well come to feel further overwhelming. 

James Jordan, the founder of US-primarily based merchandise recruitment organization Producto, joined a Solution Makers neighborhood party to chat about navigating the products task marketplace and stand out amid other applicants.

Observe the recording of the hearth chat with James for the complete conversation, or keep reading for the top takeaways.  

The recent condition of the product job sector

Right before jumping in to implementing for a new position, it is a great thought to get the lay of the land. James points out that he’s viewed providers continue to recruiting, but several of them are focusing on specific contributors more than products management roles. Salaries are another crucial consideration, as they’re trending downward — about 10-15% lower than very last year. 

When it will come to distant get the job done, many firms are nevertheless favoring a thoroughly distributed product, with a lesser share shifting toward a hybrid function method. The only wrinkle is that organizations do have a tendency to favor candidates in the same time zone as their HQ, but which is extra of a great-to-have than a requirement. 

As for the corporations offering lower salaries or necessitating men and women to appear in to the office environment, James warns that these may well be quick-sighted changes. As soon as the market place picks back again up, these corporations may perhaps run into trouble with retention if the staff members can discover much better payment and perks elsewhere. These are factors to maintain in intellect as nicely as you weigh your options — do you see very long-term probable with the group? 

Giving oneself a competitive edge 

To aid oneself stand out among the all the other work candidates, James recommends setting up by putting on your “Product Management” hat. Get feedback on what choosing professionals are on the lookout for — try speaking to other recruiters (irrespective of whether in-household or exterior) to see what they liked or did not like about your resume or LinkedIn profile. 

As a product or service individual, you really should know the electric power of suggestions. Place the time and effort and hard work into developing a very good resume and a designed-out LinkedIn profile primarily based on these insights. And do not permit LinkedIn just be a static resume — find out how to industry yourself on the system. Have some views into trending subjects? Or perhaps you stumbled upon an primarily appealing article? Share these on your profile to clearly show that you are on best of the most up-to-date and finest in products administration. 

Be positive to also be a part of other communities to put by yourself out there. These could be product-concentrated LinkedIn groups, Slack channels, on the internet forums, and many others. — tap into these resources to get practical assistance and broaden your network. 

And in the end, you need to really replicate on the benefit you can bring to an organization. What specifically are you able to convey to the desk? That ought to enable you identify irrespective of whether the occupation is even really worth making use of to in the to start with position. 

Higher than all, really don’t undermine your very own value

That previous stage potential customers to just one of James massive no-nos as you apply: diluting your worth. A person of the massive issues lots of task seekers make is to say one thing alongside the traces of, “I’ll be open up to just about anything.” This could suggest starting to be far too generalized in your concentrate or even getting on the style of do the job you have not done in a long time. 

Of study course, rough economical scenarios can make obtaining any occupation the prime precedence, but you do want to keep in thoughts if compromising your worth will make you considerably less of a match for the place. In the very long operate, all that’ll do is guide to disappointment and a new job hunt. 

Keep in mind: Merchandise is usually a smaller total headcount in lots of organizations. If achievable, aim on locating the ideal placement for you. It’ll likely choose far more time and effort, but it’ll end up currently being far more impactful and meaningful for equally you and the firm. 

Arrive at the future cease on your products journey 

The present economic local climate doesn’t make task hunting a fun endeavor, but consider adhering to James’ suggestions to enable you land that upcoming amazing Solution Management situation. Test out the full recording for even far more insights, and join us in the Productboard Merchandise Makers local community to continue to be on top rated of what is following in product management.