Vince Hines, Managing Director at Wellingtone has recently written a white paper on the state of the project management recruitment market. This is timely, given that all you read about in the papers is doom and gloom and unemployment. Hines concludes that:
- Project management vacancies are down – to about 61% of demand from this time last year – but the slow down has not affect project management as much as other jobs.
- The supply of project managers has not increased, so there is still the same amount of candidates as there was previously.
- Project managers in good jobs are more reluctant to move, even if they would otherwise have been looking for a new role.
- Hiring managers are taking more time to recruit, as a result of needing higher internal approval and wanting to make the right choice, and are at risk of candidates finding other positions in the meantime.
He believes that project management will be more resilient to the recession as we move to working on projects that improve profitability in a difficult economic climate. Things like closing offices, off-shoring, outsourcing, process improvements. Not cheerful projects but ones that will at least keep us employed.
He also covers the average salaries for permanent staff in project management roles. So, how much are you worth?
Project co-ordinator: £24,800
Project manager: £45,050
IT Project manager: £51,430
Senior Project manager: £56,000
Programme manager: £68,200
IT Programme manager: £74,300
Or, if you are contracting the average day rates are:
Project co-ordinator: £264
Project manager: £378
Programme manager: £591
It’s the end of the year, so it’s a good time to be discussing your potential pay rise for 2009.