Arras People Survey 2008 – Current Outlook

We have been able to take an extract from the current respondents to the Arras People 2008 Survey to see what happened with remuneration in 2007 and more importantly the outlook as Project Management Professionals head into 2008.

2007 Movements in Salaries and rates saw rates for 48% of contractors remain fixed as against just 25% of the employees who have responded so far. Employees appear to have fared much better in the increases, with 52% of them having achieved a raise between 1 to 10% (35% between 1 to 5%) compared with just 27% of the contractors. At the top end the number achieving a greater than 10% increase is pretty consistent across both areas at 13% and 14%.

2007 Projections from our previous survey when compared to actual movements show a remarkably stable picture where actual changes appear to have been significantly in line with our respondents’ expectations. Contractors amazingly have a 100% match on actual outcome versus what they projected at the beginning of the year 2007. Employees on the other hand seemed to enter the year a little more bullish and did not quite achieve what the levels they had expected.

2008 Projections from our current survey would appear to show that the market as a whole is expecting 2008 to be a tighter year in terms of increases. 54% of our contractors see a tight market where rates will once again remain fixed, an increased number 9% are anticipating that they will reduce. Contractors anticipating a rise in rates are down from 47% going into 2007 to 37% going into the current year. Meanwhile 66% of employees are again anticipating increases in salary (down from 70%) with the delta being consumed by those anticipating their salary to remain fixed. Those anticipating a reduction in salary are down from 6% in 2007 to just 4%.

This document with graphical representations can be downloaded from PM Outlook 2008 (PDF)

© Arras People 2008. © Arras Services Ltd 2008.
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