The Loyalty Cost

After reading an article which painted people taking a new role as receiving a disloyalty bonus; we launched the latest Arras People survey to gain an insight into what is happening in the UK market for Project Management practitioners.

The survey which was open during September 2018 attracted 500 responses and they have now been analysed and summarised in the UK Project Management Market Snapshot Report.

The report looks at what has been happening across the UK Market for PM Practitioners who offer their services as both employees and freelancers/contractors during 2018.

At the highest level it would appear that there is a cost associated with remaining, with 73% of respondents who have not moved during 2018 receiving an increase in renumeration of 2% or less. A further 11% have received an increase of 3 to 4% so overall 84% are in trouble against the current rate of UK inflation.

There are of course some practitioners who are managing to achieve substantial increases and even in times of austerity, there are public sector workers reporting that their remuneration has risen by 20% or more.

 

In contrast, of the PM practitioners who reported that they had moved during 2018 49% received an increase in renumeration of 2% or less. A further 7% have received an increase of 3 to 4% so overall 28% fewer are in trouble against the current rate of UK inflation.

On the up side for the movers, 44% have achieved an increase in their remuneration of 5% or more by changing role during 2018. Whilst the private sector is providing much of this gain, there are also practitioners in the public and third sector sharing in the spoils

In summary, it would appear that there is a cost associated with loyalty and the movers are getting more than their fair share of the spoils on offer; but is that that whole picture?

To find out more and to see some of the possible reasons for these changes, please download this FREE REPORT by following the links below.

Take me to the 2018 PM Snapshot download page

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