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The average monthly net salary in Latvia is
2,000
3,000
4,000
 
10% earn less 1,743 USD
10% earns more 4,581 USD
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The displayed value presents total net salary in the whole Latvia. Salary amount is influenced by bonuses, regions and many other factors.

Description of job position

  • Define and drive the product development strategy aligned with the company's overall goals and market trends.
  • Lead and mentor a diverse team of product managers, designers, engineers, and other specialists to ensure collaboration, creativity, and efficient project execution.
  • Foster a culture of innovation by encouraging the generation of new product ideas, features, and improvements based on customer feedback and industry insights.
  • Develop and maintain a comprehensive product roadmap that outlines key milestones, timelines, and resource allocation for the entire product development lifecycle.
  • Collaborate closely with marketing, sales, operations, and other departments to gather input, align strategies, and ensure successful product launches.
  • Oversee the quality control process, ensuring that products meet or exceed customer expectations and adhere to relevant quality standards.
  • Identify potential risks and challenges in product development, implementing mitigation strategies to minimize disruptions and delays.
  • Stay informed about market trends, competitive landscape, and customer preferences to inform product strategies and enhance market positioning.
  • Manage the product development budget, making informed decisions to optimize resource allocation and maximize return on investment.
  • Establish and track key performance indicators (KPIs) related to product development, using data-driven insights to continuously improve processes and outcomes.

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The most common career path of an employee

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Position: Head of product development - Management

The job position is
in the salary ranking on

Women representation in position

Average age of respondent in position

649. place

Cobbler

Textile, Leather, Apparel Industry

Salary group 1

39. place

Medical Advisor

Medicine & Social Care

Salary group 2

38. place

Head of product development

Management

Salary group 2

1,743 - 4,581 USD

37. place

Data scientist

Information Technology

Salary group 2

1,537 - 4,767 USD

1. place

Pilot

Transport, Haulage, Logistics

Salary group 3

1,684 - 11,267 USD

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  • Salary on the position by region, education, work experience, company size, age group
  • Total renumeration and its components (variable part, commissions, rewards)
  • Distribution of respondents into salary ranges
  • Salary range expressed by the 1st decile, 1st quartile, median, 3rd quartile, 9th decile, and average wage
  • Detailed breakdown of all monitored non-financial benefits provided
  • Analysis of financial benefits