That is just one of the latest findings from the Arras People Project Management Confidence Index, a mid year report that takes a look at how project practitioners in the UK are faring today.With news that the economy is picking up and recruitment being one of the main indicators that can back this up, it made sense to revisit project management practitioners six months into the year.
So are project managers happy with their lot?
With the diversity of the project management industry in the UK there are always mixed reviews. The factors that impact a practitioners confidence and happiness levels are wide ranging, for example:
- The sector they work in.
- The domain they work in (the types of projects managed).
- The challenge of the projects they manage.
- The culture in which they work.
- Where they work (location).
- How they choose to work (permanent or contract).
- Their ages.
- Their education, qualifications and training.
- Their cost of living.
- The remuneration levels.
Six years after the onset of the recession, many practitioners are still seeing stagnant wages, doing more work with less and a lack of focus on their own careers. In the Confidence Index, [inlinetweet prefix=”Arras People report:” tweeter=”@ArrasPeople” suffix=”#pmot”]67% of project practitioners are looking for a new role[/inlinetweet], some aggressively, others keeping a watchful eye for an interesting opportunity but happy to hold back. This is bad news for organisations who will be battling with ‘talent retention’ over the coming months and years as employees decide to move on for new challenges and better remuneration.
On the opposite side of the track, organisations that are becoming increasingly confident are returning to the recruitment market and they are ready to hire. However 55% of respondents involved in recruiting programme and project management practitioners in 2014 reported that filling roles has been very difficult/difficult.
This scenario right here is the project management recruitment tipping point – people want to move on and organisations want to hire, what are we waiting for?
— Lindsay Scott (@projectmgmt) July 30, 2014
The Project Management Confidence Index is available to download
Just some of the key findings:
- 74% of Private sector respondents are anticipating some level of growth in their current organisation during 2014.
- 55% of respondents involved in recruiting programme and project management practitioners in 2014 reported that filling roles has been very difficult/difficult.
- 40% of practitioners who have started a new job in 2014 have seen wage increases of over 8% on their last salary.
- 28% of employees are happy in their current role.
- 46% of practitioners cannot find a new role that meets a desired level of remuneration.
- 48% of inactive contractors have been contracting for less than 3 years. Pseudo contractors?