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Wellingtone Project Management

Wellingtone Project Management. “What are you worth…post-recession?” Vince Hines BSc MAPM MACostE MIoD MCTS; PRINCE2 Practitioner Managing Director. Recruitment. Training. Consultancy. Wellingtone Project Management.

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Wellingtone Project Management

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  1. Wellingtone Project Management “What are you worth…post-recession?” Vince Hines BSc MAPM MACostEMIoD MCTS; PRINCE2 Practitioner Managing Director Recruitment Training Consultancy

  2. Wellingtone Project Management • Specialist Project Management Recruitment, Training & Consulting company • + 12 years experience • All industry sectors & across UK • On average 2 out of every 3 candidates we submit to our clients are invited to interview

  3. Our Clients • EDS • GE Money • GlaxoSmithKline • Johnson & Johnson • Westinghouse Rail • The Collinson Group • London Underground • Parsons Group International • UCB Homeloans • Interserve • Salford County Council • Dept for International Development • The Environment Agency • Land Securities • Cheshire Constabulary • Monsoon Accessorize • Ladbrokes • Sonus Network • Clarks • Infratec • O2 • News International • The Boots Company • Save The Children • Oxford University • Columbus Insurance • Apple “Wellingtone helped us quickly recruit a Project Manager that matched our needs exactly. Thank you!” Head of Communications Save the Children “A very quick, friendly and professional service” HR Manager Security Industry Authority

  4. Recruitment Conditions Through 2009 • Recruitment pre-Q4 2008 +50 active vacancies • Through 2009 “redundancies” & “recruitment freeze” • Active vacancies fell to low of 10%

  5. Recruitment Behaviour Through 2009 • Approval for recruitment escalated • Slower recruitment cycle • Client expectations raised • Clients less flexible on negotiation • Migration from Contract to Fixed Term • Employed candidates reduced, lower supply of quality candidates • Willingness to move reduced

  6. Latest Recruitment Industry Data • Strong rise in Permanent placements in Feb 10 (strongest since July 07) • Increase (slower) in contract demand • Vacancies increased at sharpest rate since 2007 (permanent & contract) • Growth in vacancies positive for last 5 months • Rise in permanent salaries, less so in contract rates

  7. Latest Recruitment Industry Data - Candidates • Rise in candidate availability still rising but at slower rate • Candidate availability increase weakest since April 2008

  8. Latest Wellingtone Data • Significant rise in permanent vacancies since October 2009 • Still 50% pre-Q4 2008 • Slow roles now moving forward • Some recruitment urgency returning • Contract rates continue under pressure • “Wheels beginning to turn again”

  9. Short Term Recruitment Trends • Impact of general election & public spending • Reduction in public sector vacancies • Lower confidence in private sector? • Drag on recruitment recovery? • OECD projects 3.1% growth Q2 2010, led by Service Sector

  10. Project Management Trends • Drive to reduce costs; business transformation projects • Drive to PM CoE • Move towards Agile / Lean Methods rather than Waterfall in software development • Recognising need to improve project selection & resource management; PPM

  11. Trends in Project Management

  12. Project Management Salaries • How are salaries impacted? Average salaries for Project Managers • By industry • Permanent & Day Rate

  13. Project Manager • Responsibilities: • Deliver the project to time, cost and quality / scope priorities • Make timely decisions to enhance project success • Manage sponsor and user expectations • Define and plan the project • Monitor and control project progress • Build, lead and motivate project team • Communicate and act as primary point of contact • Skills & Experience • Formal qualification • 3 – 10 years experience

  14. Project Manager Permanent Salaries - 2008 EXPERIENCE 3 year 10 years 66k 34k 38k 42k 46k 50k 54k 58k 62k JUNIOR PM STANDARD PMs 45.05k average IT PMs 51.43k average SENIOR PMs

  15. Project Manager Permanent Salaries Average Project Manager Salary £48,600

  16. Other Project Management Roles Average 2008 Project Coordinator Salary £24,800

  17. Contract & Interim Rates • Paid £x / day basis • Higher risk, higher reward • What are you worth? Conversion Rule of Thumb • Divide permanent salary by 100 • Minus “E” (economic conditions variable) • E = 50, then £40k = £350 / day • pressure on E

  18. Project Manager Contract & Interim Average Rates Average Project Manager Contract / Interim Rate £435

  19. Other Project Management Roles Average 2008 Project Coordinator Rate £264

  20. Your career • Ensure you have ability to justify your title of Project Manager • Recognise the skills of a Project Manager – do you have those skills? • Gain appropriate qualifications • Engage with your industry • Look beyond the way of working in your organisation

  21. Wellingtone Project Management • Please visit www.wellingtone.co.ukfor more information about our services, register your CV & look through our vacancies • Download our latest white paper • Subscribe to PM News • Read our Recruitment Blog • Follow us on www.twitter.com/projectjobsuk

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