Project managers are in high demand. The Bureau of Labor Statistics (BLS) projects that the employment of project managers will grow 10% from 2020 to 2030, faster than the average for all occupations. This growth is being driven by the increasing complexity of projects, the need for better project management, and the growth of the construction and infrastructure sectors.
Project managers are responsible for planning, organizing, and overseeing projects from start to finish. They need to have strong analytical and problem-solving skills, as well as the ability to work effectively with teams. They also need to be able to manage budgets and schedules and to communicate effectively with clients and stakeholders.
The demand for skilled project managers is so high that many employers are willing to pay top dollar for their services. According to a recent survey by Salary.com, the median annual salary for project managers is $71,649. However, salaries can vary depending on the industry, the size of the company, and the project manager’s experience.
There are several things that employers can do to attract and retain skilled project managers. One is to adopt flexible hiring and recruiting practices. This could include offering remote work options, flexible hours, and paid parental leave. Employers should also invest in upskilling and reskilling their workforce. This will help to ensure that their project managers have the skills they need to succeed in the ever-changing world of project management.
Finally, employers should boost retention efforts. This could include offering competitive salaries and benefits, providing opportunities for advancement, and creating a positive work environment. By taking these steps, employers can attract and retain the skilled project managers they need to succeed.
The construction sector is one of the industries that is experiencing the highest demand for skilled project managers. The Infrastructure Investment and Jobs Act (IIJA) is expected to create millions of new jobs in the construction sector, and many of these jobs will require project management skills. Employers in the construction sector should be prepared to compete for skilled project managers by offering competitive salaries and benefits, and by creating a positive work environment.
The PMI Power Skills framework is a valuable tool for project managers. The framework identifies the top 10 skills that project managers need to be successful in today’s workplace. These skills include strategic planning, risk management, stakeholder management, and communication. By developing these skills, project managers can increase their chances of success in the workplace.
The demand for skilled project managers is high and is only going to grow in the future. Employers who want to attract and retain these valuable employees should adopt flexible hiring and recruiting practices, invest in upskilling and reskilling, and boost retention efforts. By taking these steps, employers can ensure that they have the skilled project managers they need to succeed.
If you are a skilled project manager, or if you are looking to develop your project management skills, there are several resources available to help you. Cyber Ballet offers a suite of courses designed to help you in any step of your project management journey!
