Vince Hines Managing Director Wellingtone Project Management Topics

Vince Hines Managing Director Wellingtone Project Management

Topics Data sources Market Confidence Contract Rates Salaries 1 2 4 What does this mean for me? 5 Career Tips 3 6

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Wellingtone working with the APM Wellingtone & the APM has chosen to work with Wellingtone to provide project management career development advice through blog posts and articles in Project journal. Wellingtone are also sponsoring the APM salary survey.

The APM Salary and Market Trends Survey 2016 “Boom, bust or Brexit there always new opportunities for project professionals. Project professionals continue to enjoy high levels of satisfaction with 82 per cent either fairly satisfied or very satisfied in their current role; five per cent up from last year. ” Steve Wake, APM Chairman

2016 compared to 2015 Nearly 5, 000 project professionals took part in the study, making it the largest project management salary study to date Survey undertaken April 2016. Published August 2016

Who took part? 75%

Average Salary

Salary by Job Title

Salary by Region & Age

Day Rates £ 400 to £ 499 is the most common band Overall average is £ 492

Contract Length 25% of those surveyed have been a contractor for 1 to 3 years Nearly half have been a contractor for over 5 years Most common scenario is for client to setup 6 month contracts irrelevant of project duration 87% operate their own Limited company

Job Satisfaction

Market Confidence

Employee or contractor? Contracting Employee Higher Risk, Less Security Lower Income No Benefits Less Flexibility No Career Development Lower Risk, More Security Greater Flexibility Benefits Higher Income Career Development Broader Experience Sense of Belonging

What’s my day rate? Paid £x / day basis Higher risk, higher reward What are you worth? Conversion Rule of Thumb: Divide permanent salary by 100 Then £ 46 k = £ 460 / day What's your minimum? What is a realistic target?

Working with Agencies Is it a genuine live role? Who is the hiring organisation. Has the agency placed there before? Are they on the Preferred Supplier List? What is the selection process? Have they asked for references…why? Contract roles…agency takes references. Perm role…hiring organisation takes references. Using your references just to find new clients? Rate? Have they told you not to discuss rates during interview? Why? Lack of transparency? What is the agency fee?

Career Tips Is this career right for me? Qualifications Engage & look beyond your organisation and ways of working Your skills are highly transferrable

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Thank You Vince Hines Managing Director vince. hines@wellingtone. co. uk http: //www. linkedin. com/company/wellingtone/ http: //www. youtube. com/Wellingtone. PPM https: //twitter. com/wellingtone. Ltd https: //plus. google. com/+Wellingtone. Co. Uk