Chief Product Team 
In this article, learn more about the Chief Product Officer vs Head of Product. Just continue reading to have more ideas.
Chief Product Officer Vs Head of Product – What is the Difference?
Chief Product Officer
The chief product officer is the head of product management. The chief product manager is the highest-ranking product manager. The Chief Product Officer is responsible for defining the company’s product strategy and vision. He has to lead the entire organization in executing product strategies.
Aside from the above, he also has to develop and manage product backlog, prioritizing initiatives and features based on customer needs and market conditions. In some companies, they are also responsible for managing digital products (e.g., websites and mobile apps). Furthermore, Chief Product Officers are responsible for managing resources. They have to hire a team of experts and analysts who will be able to create an outstanding product.
Head of Product
The Head of Product is the main leader of the product management team. They are responsible for everything related to product management. They are also responsible for setting product strategy, defining the product roadmap, and managing the development and delivery of the product.
Ahead of the product is a member of a company’s executive team and reports to the CEO and Chief Operations Officer. Although they have very similar roles, the chief product officer has more influence than ahead of product.
Chief Product Officer Vs Head of Product – Difference in Pay Scale
Salary-wise, chief product officers earn higher salaries than heads of product. This is because the chief product officers have more responsibilities than the head of product.
A chief product officer is paid an average of $145,000 a year while ahead of product earns an average annual salary of $131,000.
Which One Should You Hire?
Hiring a chief product officer or a head of product? It depends on the company’s needs. Hiring a chief product officer is a good move for companies that have multiple products or services. On the other hand, hiring ahead of product is a good option for small companies and startups with one main product.
Conclusion
To sum up, both roles are equally important. However, there are more similarities than differences between chief product officers and heads of products.
That being said, they have different titles and levels of authority so they should get different salaries. Chief Product Officers earn higher salaries than heads of products. This is because they have more responsibilities than the head of product.
Chief Product Officers are responsible for everything related to product management while the Head of Product manages only the product management team. Aside from that, both roles are not very common so it’s hard to find people who can fill these positions for your company. If you find someone to fill in for either position, it’s a good idea to hire them.
Hopefully, you have learned more about the two positions. Still, if you are having a hard time deciding which role is the best for your company, you can use this article as a reference. To learn more about other roles in product management, feel free to check out our other articles.
