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Management

Product owner

The average monthly net salary in Latvia is
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80% of people earn:
1,540 - 4,018 EUR
10% earn less lthan 1,540 EUR
10% earns more than 4,018 EUR

Salaries in the survey are expressed in net.

Based on the Algas.lv salary survey, 80% of people on the Product owner position in the Latvia earn between 1,540 EUR and 4,018 EUR monthly net.

10% of employees earn less than 1,540 EUR and 10% of people earn more than 4,018 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values.

Description of job position

  • Strategy and Vision: Develop and communicate a clear product vision and strategy to the development team, stakeholders, and senior management.
  • Product Backlog Management: Create, prioritize, and manage the product backlog, ensuring that it is well-groomed, refined, and ready for development.
  • Requirement Gathering: Collaborate with stakeholders, customers, and users to understand their needs and gather requirements, translating them into clear user stories and acceptance criteria.
  • Agile Planning and Execution: Participate in agile ceremonies such as sprint planning, backlog grooming, and daily stand-ups, ensuring that the team is working efficiently and delivering value in each sprint.
  • Release Management: Coordinate and manage the release process, ensuring that product increments are delivered on time and meet quality standards.
  • Cross-functional Collaboration: Work closely with development teams, UX/UI designers, quality assurance, and other stakeholders to define and deliver high-quality products that align with business objectives.
  • Stakeholder Management: Engage and manage relationships with internal and external stakeholders, addressing their concerns, gathering feedback, and keeping them informed about the product's progress.
  • Product Documentation: Create and maintain product documentation, including user guides, release notes, and other relevant materials to support the product's adoption and usage.
  • Market and Competitive Analysis: Conduct market research and competitive analysis to identify trends, opportunities, and potential product enhancements that can give the organization a competitive edge.
  • Continuous Improvement: Actively seek feedback from users and stakeholders, monitor product performance and metrics, and identify areas for improvement, driving continuous product enhancements and optimization.

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The most common career path of an employee

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Position: Product owner - Management

The job position is
in the salary ranking on

39 place

Women representation in position

58%

Average age of respondent in position

44

663. place

General Labourer

General labour

Salary group 1

507 - 1,426 EUR

40. place

Branch Director

Top Management

Salary group 2

1,137 - 4,116 EUR

39. place

Product owner

Management

Salary group 2

1,540 - 4,018 EUR

38. place

Leader of Demining Team

Security & Protection

Salary group 2

1. place

Chief Executive Officer

Top Management

Salary group 3

1,589 - 9,353 EUR

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