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The Future of
Product
Management
Carlos Gonzalez de
Villaumbrosia
Founder and CEO of The
Product School
Product Management
Today
Empowering You to
Empower Them
Rayvonne Carter
Webinar Coordinator,
Product Management Today
March 23, 2022
11:00 am PST
2:00 pm EST
7:00 pm GMT
With
&
Logi Analytics, an insightsoftware company, empowers the world’s software teams with the most
intuitive, developer-grade embedded analytics solutions, along with a group of dedicated people
invested in your success. Logi leverages your existing tech stack, so you can quickly build, manage, and
deploy your application. And because Logi supports unlimited customization and white-labeling, you
have total control to make the application uniquely your own.
Over 2,200 application teams have trusted Logi to help power their businesses with sophisticated
analytics capabilities. Logi Analytics was recently awarded the 2020 “Best Business Intelligence Solution”
Proddy award by Product School, in addition to being named a leader in Business Application Research
Center’s (BARC) BI & Analytics Survey 21 across several categories, including Operational BI, Embedded
BI, and Cloud BI. Logi Analytics is headquartered in McLean, Virginia, with offices in Ireland, England,
Ukraine, and China.
TO USE YOUR TELEPHONE:
You must select "Use Telephone" after joining
and call in using the numbers below.
United States: +1 (562) 247-8321
Access Code: 556-387-833
TO USE YOUR COMPUTER'S AUDIO:
When the webinar begins, you will be connected to audio using your
computer's microphone and speakers (VoIP). A headset is recommended.
Click on the Questions panel
to
interact with the presenters
03
--OR-
-
Carlos Gonzalez
de Villaumbrosia
Founder and CEO of Product School
in/villaumbrosia/
1.5 Million+
Product professionals worldwide
10,000+
Certified Product Managers
1,000+
Events per year
4
Conferences per year
The World's Largest
Product Management
Community
5,000
Product Professionals
Surveyed
10
Silicon Valley
Product Executives
9
Working Group
Members
This year, Product School is
teaming up with select Product
Leaders from a broad range of
backgrounds to uncover the trends
that are driving our industry.
The Third Annual
Future of Product
Management Report
Top Product-Led
Companies
3
POLL
1
26%
Product Manager
We Reached Product
Professionals At All Levels…
19%
Senior / Group PM
18%
Other Product Roles
7%
Director of Product
6%
Aspiring PM
3%
VP of Product
2%
CPO
POLL
2
…Around the World
Retail
6%
Media & Entertainment
5%
Education
5%
Professional Services
5%
Technology
33%
Other
24%
Financial Services
15%
Healthcare & Pharmaceuticals
7%
… From all Industries
Kylie Fuentes
SVP of Product @
Salesforce
Manik Gupta
SVP @ Microsoft
Ebi Atawodi
Director of Product @ Netflix
Nikhyl Singhal
VP Product @ Meta
Michelle Parsons
CPO @ Hinge
Shiva Rajaraman
VP Product @ OpenSea
Surojit Chatterjee
CPO @ Coinbase
Mamuna Oladipo
VP Product @ Shopify
Joff Redfern
CPO @ Atlassian
Stephanie Neill
VP Product @ Amazon
Meet the Visionaries
Meet the Working Group
Partners Who Are Helping
to Make This Happen
Background Diversity
Compensation &
Values
Product Career Paths
Product-Led Growth
4 Key Trends Driving
The Industry
POLL
3
Product-Led
Growth and the
Need for Product
Pipeline
PLG is making companies more customer-
centric as they ask “why” first instead of leading
with business or sales metrics. This shift in
mentality is increasing the demand for Product
talent. The result is a shortage in the pipeline for
these Product roles.
Product Management is one of the fastest growing roles on the market (LinkedIn)
- 44% of companies are hiring more Product
Managers
- 35% of companies see Product Leaders
driving annual planning
- And 31% of companies see more budget
being dedicated to Product teams
Product-Led
Growth and the
Need for Product
Pipeline
Product-led companies leverage their product to
lower customer acquisition costs without being
bound to high-touch and costly sales resources.
Even in B2B, retention and expansion has a
strong correlation with actual product adoption.
This is bringing a closer relationship between
marketing, product, and customer success
teams.
Product-Led
Growth: Case
Study
Cultivating a growth-mindset
and grounding decisions in
PLG is critical for long-term
adoption and success
Align team and company
goals with PLG
Product Managers are in
high demand, especially
those with experience
working at Product-led
companies
Prioritize opportunities in
Product-led companies
The Product talent pipeline
should be a top priority as
competition is likely to heat up
for Product roles
Work with Product Leaders to
hire PMs with PLG experience
For Product Managers For Product Leaders For L&D Leaders
Key Takeaways
POLL
4
Compensation,
Values, and How
Companies Can
Drive Retention
Since PLG is driving growth in demand for
Product roles, hiring managers and Product
Leaders should be mindful about what values
Product people hold and how their
compensation expectations have shifted.
Product Managers are 149% more likely to receive a promotion (LinkedIn)
The average voluntary turnover in the tech industry is only 15% (LinkedIn)
66% of Product Managers have changed jobs in
the past 2 years
The average voluntary turnover for Product
Management is 26%
Values like the types of products they work on
and flexible work hours drive retention but better
compensation is a huge reason (31%) why
Product Managers leave
Compensation,
Values, and How
Companies Can
Drive Retention
People don’t usually go into Product
Management because they want to follow
orders and constantly seek approval.
Rather, they want to be independent
thinkers and problem solvers with room to
innovate. When a Product Manager doesn’t
feel like their current gig is giving them that
chance, they’re likely to look elsewhere for
a job that will let them scratch that itch.
Compensation,
Values: Case
Study
Communicating the value of
the work Product teams are
doing and how that aligns
with the company’s vision is
critical for making a team
feel empowered and fulfilled
Be clear with Product teams
about their individual value
and how they’ll contribute
Thinking beyond
compensation and digging
into company values and the
types of products Product
Managers will be exposed to
is key for finding the right fit
Think beyond compensation
and determine your non-
negotiable values
Boast about company
values far and wide,
especially with the
candidates in the pipeline,
and double-down on training
to demonstrate investment
in people
Compensate competitively,
not just fairly, to attract the
best Product talent
For Product Managers For Product Leaders
Key Takeaways
For L&D Leaders
POLL
5
Diversity, Equity,
and Inclusion in
the Product
Hiring Process
Because of the growth of PM and immaturity of
talent pipelines, recruiters have to broaden their
searches for qualified candidates which is
diversifying the talent pool.
The gender distribution in Product Management remains
uneven at 34% female and 66% male (LinkedIn)
- More than 50% of Product Managers have a
non-technical background
- 42% of Product Managers have a Bachelor's
degree, while 38% having a Master’s degree
- The diversity in backgrounds is shaping the
adoption of low-code and no-code tools,
especially outside of the US where more Product
teams use these tools
Diversity, Equity,
and Inclusion in
the Product
Hiring Process
Companies that commit to DE&I have allowed
them to build products that also reflect a diverse
and inclusive user base: DE&I is being reflected
at every stage of an organization, from team
composition right down through product
features.
Diversity, Equity,
and Inclusion:
Case Study
Define what DE&I means for
Product teams and highlight
the benefits of having
Product Managers from
diverse backgrounds
Set meaningful expectations
around diverse backgrounds
and DE&I
Background is no obstacle
and demonstrating what
makes a Product Manager
unique could even be an
advantage
Employ an inclusivity
mindset throughout the
Product life cycle
To keep up with the demand
for Product talent, recruiting
from more diverse
backgrounds could be a
competitive advantage
Train teams on the
importance of DE&I and
recruit towards those goals
For Product Managers For Product Leaders
Key Takeaways
For L&D Leaders
POLL
6
The Evolution of the
Product Career and
the Impact for
Product Leaders
Product Managers don’t have a clear vision for
advancement within their organizations due to structures
and processes not keeping pace with the growth of the
function. But the Product role is evolving with more
Individual Contributor (IC) tracks emerging much like what
we’ve seen with marketing or engineering functions.
94% of employees say they would stay at a company
longer if it investing in learning and development
(LinkedIn)
- The path to the top of Product Management isn’t straight
forward, with IC roles and specializations becoming more
common
- 43% of Product Managers blame being overloaded at work
for not learning new skills
- Mentoring, setting up organizational structures, and
providing ongoing learning are critical
The Evolution of the
Product Career and
the Impact for
Product Leaders
Companies have seen their onboarding process extend
out from a matter of days to a matter of weeks. This is still
rare: Often junior PMs are thrown onto teams with a “sink
or swim” mentality, and senior PMs still have little room to
grow. Onboarding, mentorship and Product Ops are the
tools that successful product-led companies are using to
not only attract talented PMs, but to provide the structures
and pathways they need to stick around and enjoy a
home for their career growth.
The Evolution of the
Product Career:
Case Study
Provide structured career
advancement tracks for
Product teams and give
Product Managers the space
and guidance they need to
grow into their desired future
roles
Focus on managing
overloaded team members
and providing career support
Companies aren’t always
ready to provide a clear
career path, so being willing
to explore options and take
charge of the Product career
path is the best way to move
up in Product
Learn to say yes to right
things so there’s still time to
learn new skills
Build and communicate
clear Product career ladders
within the company to
ensure Product talent can
learn, develop, and grow
within the company without
having to leave
Train teams to advance in
their careers internally with
expert guidance
For Product Managers For Product Leaders
Key Takeaways
For L&D Leaders
Get Priority Access
futureofproductmanagement.com
Expected Launch
April 12, 2022
Founder and CEO, Product School
Q&
A
Carlos Gonzalez de Villaumbrosia Rayvonne Carter
To view more from the Empowering You to Empower Them Series visit
https://www.productmanagementtoday.com/webinar-series/12203/empowering-you-to-empower-them
Webinar Coordinator, Product Management Today
/in/villaumbrosia/
@villaumbrosi
a
productschool.com
/in/rayvonnecarter/
@ProdMgmtToday
productmanagementtoday.com

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The Future of Product Management

  • 1. The Future of Product Management Carlos Gonzalez de Villaumbrosia Founder and CEO of The Product School Product Management Today Empowering You to Empower Them Rayvonne Carter Webinar Coordinator, Product Management Today March 23, 2022 11:00 am PST 2:00 pm EST 7:00 pm GMT With &
  • 2. Logi Analytics, an insightsoftware company, empowers the world’s software teams with the most intuitive, developer-grade embedded analytics solutions, along with a group of dedicated people invested in your success. Logi leverages your existing tech stack, so you can quickly build, manage, and deploy your application. And because Logi supports unlimited customization and white-labeling, you have total control to make the application uniquely your own. Over 2,200 application teams have trusted Logi to help power their businesses with sophisticated analytics capabilities. Logi Analytics was recently awarded the 2020 “Best Business Intelligence Solution” Proddy award by Product School, in addition to being named a leader in Business Application Research Center’s (BARC) BI & Analytics Survey 21 across several categories, including Operational BI, Embedded BI, and Cloud BI. Logi Analytics is headquartered in McLean, Virginia, with offices in Ireland, England, Ukraine, and China.
  • 3. TO USE YOUR TELEPHONE: You must select "Use Telephone" after joining and call in using the numbers below. United States: +1 (562) 247-8321 Access Code: 556-387-833 TO USE YOUR COMPUTER'S AUDIO: When the webinar begins, you will be connected to audio using your computer's microphone and speakers (VoIP). A headset is recommended. Click on the Questions panel to interact with the presenters 03 --OR- -
  • 4. Carlos Gonzalez de Villaumbrosia Founder and CEO of Product School in/villaumbrosia/
  • 5. 1.5 Million+ Product professionals worldwide 10,000+ Certified Product Managers 1,000+ Events per year 4 Conferences per year The World's Largest Product Management Community
  • 6.
  • 7. 5,000 Product Professionals Surveyed 10 Silicon Valley Product Executives 9 Working Group Members This year, Product School is teaming up with select Product Leaders from a broad range of backgrounds to uncover the trends that are driving our industry. The Third Annual Future of Product Management Report Top Product-Led Companies 3
  • 9. 26% Product Manager We Reached Product Professionals At All Levels… 19% Senior / Group PM 18% Other Product Roles 7% Director of Product 6% Aspiring PM 3% VP of Product 2% CPO
  • 12. Retail 6% Media & Entertainment 5% Education 5% Professional Services 5% Technology 33% Other 24% Financial Services 15% Healthcare & Pharmaceuticals 7% … From all Industries
  • 13. Kylie Fuentes SVP of Product @ Salesforce Manik Gupta SVP @ Microsoft Ebi Atawodi Director of Product @ Netflix Nikhyl Singhal VP Product @ Meta Michelle Parsons CPO @ Hinge Shiva Rajaraman VP Product @ OpenSea Surojit Chatterjee CPO @ Coinbase Mamuna Oladipo VP Product @ Shopify Joff Redfern CPO @ Atlassian Stephanie Neill VP Product @ Amazon Meet the Visionaries
  • 15. Partners Who Are Helping to Make This Happen
  • 16. Background Diversity Compensation & Values Product Career Paths Product-Led Growth 4 Key Trends Driving The Industry
  • 18. Product-Led Growth and the Need for Product Pipeline PLG is making companies more customer- centric as they ask “why” first instead of leading with business or sales metrics. This shift in mentality is increasing the demand for Product talent. The result is a shortage in the pipeline for these Product roles.
  • 19. Product Management is one of the fastest growing roles on the market (LinkedIn) - 44% of companies are hiring more Product Managers - 35% of companies see Product Leaders driving annual planning - And 31% of companies see more budget being dedicated to Product teams Product-Led Growth and the Need for Product Pipeline
  • 20. Product-led companies leverage their product to lower customer acquisition costs without being bound to high-touch and costly sales resources. Even in B2B, retention and expansion has a strong correlation with actual product adoption. This is bringing a closer relationship between marketing, product, and customer success teams. Product-Led Growth: Case Study
  • 21. Cultivating a growth-mindset and grounding decisions in PLG is critical for long-term adoption and success Align team and company goals with PLG Product Managers are in high demand, especially those with experience working at Product-led companies Prioritize opportunities in Product-led companies The Product talent pipeline should be a top priority as competition is likely to heat up for Product roles Work with Product Leaders to hire PMs with PLG experience For Product Managers For Product Leaders For L&D Leaders Key Takeaways
  • 23. Compensation, Values, and How Companies Can Drive Retention Since PLG is driving growth in demand for Product roles, hiring managers and Product Leaders should be mindful about what values Product people hold and how their compensation expectations have shifted.
  • 24. Product Managers are 149% more likely to receive a promotion (LinkedIn) The average voluntary turnover in the tech industry is only 15% (LinkedIn) 66% of Product Managers have changed jobs in the past 2 years The average voluntary turnover for Product Management is 26% Values like the types of products they work on and flexible work hours drive retention but better compensation is a huge reason (31%) why Product Managers leave Compensation, Values, and How Companies Can Drive Retention
  • 25. People don’t usually go into Product Management because they want to follow orders and constantly seek approval. Rather, they want to be independent thinkers and problem solvers with room to innovate. When a Product Manager doesn’t feel like their current gig is giving them that chance, they’re likely to look elsewhere for a job that will let them scratch that itch. Compensation, Values: Case Study
  • 26. Communicating the value of the work Product teams are doing and how that aligns with the company’s vision is critical for making a team feel empowered and fulfilled Be clear with Product teams about their individual value and how they’ll contribute Thinking beyond compensation and digging into company values and the types of products Product Managers will be exposed to is key for finding the right fit Think beyond compensation and determine your non- negotiable values Boast about company values far and wide, especially with the candidates in the pipeline, and double-down on training to demonstrate investment in people Compensate competitively, not just fairly, to attract the best Product talent For Product Managers For Product Leaders Key Takeaways For L&D Leaders
  • 28. Diversity, Equity, and Inclusion in the Product Hiring Process Because of the growth of PM and immaturity of talent pipelines, recruiters have to broaden their searches for qualified candidates which is diversifying the talent pool.
  • 29. The gender distribution in Product Management remains uneven at 34% female and 66% male (LinkedIn) - More than 50% of Product Managers have a non-technical background - 42% of Product Managers have a Bachelor's degree, while 38% having a Master’s degree - The diversity in backgrounds is shaping the adoption of low-code and no-code tools, especially outside of the US where more Product teams use these tools Diversity, Equity, and Inclusion in the Product Hiring Process
  • 30. Companies that commit to DE&I have allowed them to build products that also reflect a diverse and inclusive user base: DE&I is being reflected at every stage of an organization, from team composition right down through product features. Diversity, Equity, and Inclusion: Case Study
  • 31. Define what DE&I means for Product teams and highlight the benefits of having Product Managers from diverse backgrounds Set meaningful expectations around diverse backgrounds and DE&I Background is no obstacle and demonstrating what makes a Product Manager unique could even be an advantage Employ an inclusivity mindset throughout the Product life cycle To keep up with the demand for Product talent, recruiting from more diverse backgrounds could be a competitive advantage Train teams on the importance of DE&I and recruit towards those goals For Product Managers For Product Leaders Key Takeaways For L&D Leaders
  • 33. The Evolution of the Product Career and the Impact for Product Leaders Product Managers don’t have a clear vision for advancement within their organizations due to structures and processes not keeping pace with the growth of the function. But the Product role is evolving with more Individual Contributor (IC) tracks emerging much like what we’ve seen with marketing or engineering functions.
  • 34. 94% of employees say they would stay at a company longer if it investing in learning and development (LinkedIn) - The path to the top of Product Management isn’t straight forward, with IC roles and specializations becoming more common - 43% of Product Managers blame being overloaded at work for not learning new skills - Mentoring, setting up organizational structures, and providing ongoing learning are critical The Evolution of the Product Career and the Impact for Product Leaders
  • 35. Companies have seen their onboarding process extend out from a matter of days to a matter of weeks. This is still rare: Often junior PMs are thrown onto teams with a “sink or swim” mentality, and senior PMs still have little room to grow. Onboarding, mentorship and Product Ops are the tools that successful product-led companies are using to not only attract talented PMs, but to provide the structures and pathways they need to stick around and enjoy a home for their career growth. The Evolution of the Product Career: Case Study
  • 36. Provide structured career advancement tracks for Product teams and give Product Managers the space and guidance they need to grow into their desired future roles Focus on managing overloaded team members and providing career support Companies aren’t always ready to provide a clear career path, so being willing to explore options and take charge of the Product career path is the best way to move up in Product Learn to say yes to right things so there’s still time to learn new skills Build and communicate clear Product career ladders within the company to ensure Product talent can learn, develop, and grow within the company without having to leave Train teams to advance in their careers internally with expert guidance For Product Managers For Product Leaders Key Takeaways For L&D Leaders
  • 38. Founder and CEO, Product School Q& A Carlos Gonzalez de Villaumbrosia Rayvonne Carter To view more from the Empowering You to Empower Them Series visit https://www.productmanagementtoday.com/webinar-series/12203/empowering-you-to-empower-them Webinar Coordinator, Product Management Today /in/villaumbrosia/ @villaumbrosi a productschool.com /in/rayvonnecarter/ @ProdMgmtToday productmanagementtoday.com