Survey results reveal a thriving profession with new demands
Posted by APM on 21st Apr 2016
Top-line results from the APM's 2016 Salary and Market Trends Survey, reveal a wide range of business requirements now expected of project professionals as the profession thrives within growing corporations.
The annual survey, which is supported by Wellingtone, received its highest response to date of almost 5,000 respondents from a database of APM members, qualification holders and followers and identified a range of management and business-related skills which were lacking from their current organisation’s project professionals.
Most notably, over a quarter of all respondents highlighted line management, strategic management and coaching and mentoring as skills as being in demand.
Over 80% of respondents were revealed to be working for corporations of over 250 employees and 60% are experiencing growth. Of these, many found communicating change to new and existing stakeholders as their teams grow, to form part of their day-to-day challenges now taking over a third of their time.
While these demands may put new pressures on the project profession to envelop wider business functions, over 80% of those who completed the survey still claimed they were satisfied with their current role, a slight increase on the 2015 results.
The research exposes a thriving project profession with higher salaries compared to 2015 and over 62% of respondents expecting a further rise in pay in the upcoming year.
This confidence in a growing market and demand for qualified project professionals has resulted in 50% of those surveyed stating diverse and interesting work alongside their salary as the most important criteria when searching for a new role and just 8% focusing on job security.
50% of respondents had less than 10 years of experience, and the survey highlighted a trend for new project professionals accessing project management within the last 5 years via project-focused qualifications and who now form part of the 97% of respondents who are employed in the profession.
Further results and a full publication revealing the wider results will be published by the APM later this year.