ST. AUGUSTINE, Fla., June 20, 2017 /PRNewswire/ -- The Tolan Group - A top performing office of the Sanford Rose Associates Network of Offices, and a leader in HCIT executive search, released its annual HCIT product manager compensation report. Participation in this survey was voluntary and completed by HCIT product managers, directors, and product management executives across the United States. The report details every facet of compensation including base salary, incentive compensation, stock options, travel, location, size of company, education and years of experience.
This report represents the recent shift in the marketplace with the influx of emerging VC backed companies that invested billions of dollars into HCIT in the last few years, the focus on Big Data and the introduction of Artificial Intelligence. As companies embrace data they're often looking at the product teams to be the driver for collecting and analyzing this data and turning it into something actionable. Every company wants to be data driven these days and for good reason. Thorough analysis and testing of hypotheses using data is the best and most sustainable way of improving products and services. The report shows a shift from a client driven market to a candidate driving market, which is represented in salary, tenure and ability to work remotely. "This new shift puts tremendous pressure on companies to find and keep great people in this new war on talent in our sector," said Johnson, an Associate Partner at The Tolan Group.
The 2017-2018 HCIT Product Management Compensation Survey can be a useful tool for companies to validate compensation plans they offer candidates against current market data. "That's how companies will attract and retain great product management talent", added Johnson. The level of expertise on many of the survey participants is impressive. Product managers are earning higher base salaries and total compensation than ever before. The billions of dollars invested in the last decade in HCIT have made the industry much more appealing to great talent and companies will now have to compete more than ever to retain top talent."
For your complementary HCIT 2017-2018 Product Management Compensation Report please visit The Tolan Group's website. The Tolan Group's mission is to be the preferred source of recruiting services for clients and candidates serving the healthcare services and non-profit industries by specializing in placing executives, leaders and technology professionals in the market.
About The Tolan Group
Having served the recruiting needs of business and industry since 1959, Sanford Rose Associates is one of the oldest and largest recruiting firms in the United States. The Tolan Group joined the SRA Network of Offices over a decade ago and is 100% dedicated to executive search in the healthcare and non profit sectors.
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SOURCE The Tolan Group