They also need motivation, optimism, and empowerment from their product Head of Product job leader. A head of product is responsible for mentoring, developing skills, and guiding career development in the product team. A head of product may also be in charge of hiring product managers and budgeting for the team.

VP of Product Strategy

Figure 3 shows the latest estimates of the cumulative change in real GDP per head since Quarter , where there has been a decline over the last two years. This decrease seems to have eased in 2024 as GDP per head increased for two consecutive quarters. The decline in real GDP per head can mostly be attributed to a slower pace of hourly productivity and lower average hours worked. This may suggest that, in response to recruitment difficulties in recent years, firms were more inclined to retain labour than previously.

Director of Product vs. Head of Product

Wherever you turn your head, from business blogs to online courses, from books to top academic journals, you can feel product management and its trending situation. So, many corporate and startups regard PM as a core concept in their value creation journey. In larger organizations, these titles are more distinct, with the CPO at the top of the hierarchy, followed by VPs, and then the Head of Product managing the overall product team. If you’re comparing it to your existing shaft, you’re getting close to a $500 investment once you consider the tip and grip.

Chief Product Officer (CPO)

Analysis of trends in real gross domestic product (GDP) per head using national accounts, employment, and population statistics. One of the things I learnt from my time at the two companies is that there is no one right way to practice product management. But I also realised that there are a number of common approaches and techniques that tend to be helpful even in seemingly very different environments. Flexibility is needed for this role since problems can arise at any moment.

Head of product career path

This reflects demographic changes that can be identified by changes in employment and activity rates, including population ageing and changes in the level and composition of net migration into the UK. The EPOP ratio decreased from its pre-pandemic peak across measures (Figure 5). Some of this initial decrease was caused by the impact of pandemic lockdowns on employment. More recently, the EPOP ratio has fallen because of a loosening in the labour market in combination with an increase in long-term sickness. Average hours worked recovered somewhat in 2024, while hourly productivity remains below its pre-coronavirus (COVID-19) pandemic trend.

• This may suggest that, in response to recruitment difficulties in recent years, firms were more inclined to retain labour than previously.
• Yes, the Brava Tour beat my gamer shaft, and if you find the same results, you’ll have to decide whether or not the gains are worth the price.
• The LFS would typically be reweighted in line with the availability of new subnational population projections.
• This is only the base salary, and it doesn’t include benefits and bonuses.
• Be aware that there is no one right way to apply the head of product role or a golden standard for doing the job.
• A head of product needs interpersonal skills to ensure that a product organization can work functionally.

Business Strategy and Organisational Development

A product manager will also want to spend this time learning and working in a variety of product lifecycle stages, product marketing, product roadmap, and project management. These are strong skills to learn that will help in the role of a head of product. Be aware that there is no one right way to apply the head of product role or a golden standard for doing the job. You should therefore tailor my recommendations to your team and organisation.