Manager, Product & Marketing Salary at Illinois Lock Co BETA

How much does an Illinois Lock Co Manager, Product & Marketing make?

As of December 2024, the average annual salary for a Manager, Product & Marketing at Illinois Lock Co is $100,161, which translates to approximately $48 per hour. Salaries for Manager, Product & Marketing at Illinois Lock Co typically range from $89,348 to $110,508, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Illinois Lock Co Overview

Website:
illinoislock.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
MFG Durable

At Illinois Lock, we are the leading producer and designer of high security cam locks, ball bearing slides, and more. Visit us at IllinoisLock.com to learn more.

See similar companies related to Illinois Lock Co

What Skills Does a person Need at Illinois Lock Co?

At Illinois Lock Co, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Product Marketing: Product marketing is a process of promoting and selling a product to a customer. Also product marketing is defined as being the intermediary function between product development and increasing brand awareness. For example, product management deals with the basics of product development within a firm, whereas product marketing deals with marketing the product to prospects, customers, and others. Product marketing, as a job function within a firm, also differs from other marketing jobs such as social media marketing, marketing communications ("marcom"), online marketing, advertising, marketing strategy, and public relations, although product marketers may use channels such as online for outbound marketing for their product. A product market is something that is referred to when pitching a new product to the general public. Product market definition focuses on a narrow statement: the product type, customer needs (functional needs), customer type, and geographic area.
  2. Product Management: Product management is an organisational lifecycle function within a company dealing with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, product lifecycle management (PLM) integrates people, data, processes and business systems. It provides product information for companies and their extended supply chain enterprise. The role may consist of product development and product marketing, which are different (yet complementary) efforts, with the objective of maximizing sales revenues, market share, and profit margins. Product management also involves elimination decisions. Product elimination begins with the identification of elimination candidates, proceeds with the consideration of remedial actions, continues with a projection of the impact on the business as a whole if a candidate product is eventually eliminated, and concludes with the implementation stage, where management determines the elimination strategy for an item. The product manager is often responsible for analyzing market conditions and defining features or functions of a product and for overseeing the production of the product. The role of product management spans many activities from strategic to tactical and varies based on the organizational structure of the company. To maximize the impact and benefits to an organization, Product management must be an independent function separate on its own.
  3. Insight: Insight is the understanding cause and effect based on the identification of relationships and behaviors within a model, context, or scenario.
  4. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  5. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.

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Check more jobs information at Illinois Lock Co

Job Title Average Illinois Lock Co Salary Hourly Rate
2 Customer Service $36,216 $17
3 Manager, Materials $100,573 $48
4 Manager, Purchasing $105,822 $51
5 Manager, Quality Assurance $105,062 $51

Hourly Pay at Illinois Lock Co

The average hourly pay at Illinois Lock Co for a Manager, Product & Marketing is $48 per hour. The location, department, and job description all have an impact on the typical compensation for Illinois Lock Co positions. The pay range and total remuneration for the job title are shown in the table below. Illinois Lock Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $100,161 look to you?

FAQ about Salary and Jobs at Illinois Lock Co

1. How much does Illinois Lock Co pay per hour?
The average hourly pay is $48. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Illinois Lock Co?
According to the data, the highest approximate salary is about $110,508 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Illinois Lock Co?
According to the data, the lowest estimated salary is about $89,348 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.