Henderson Scott's Project Services Market Overview 2016.

1. WHAT ARE HIRING MANAGERS SAYING?
PROJECT
MANAGEMENT
BUSINESS
ANALYSIS
BUSINESS
SYSTEMS
ANALYST
JUNIOR
BA
JUNIOR
PM
£60k
£55k
Stress the importance of
quality candidates at
interview, with an average
of 2/3 candidates
presented by agencies
proving unsuitable for the role.
Keen to see stricter candidate
screening procedures
implemented prior to interview,
specifically professional and
character references, as well as
testing when applicable.
Despite the general
boyant job market, the
candidate market in the
project services space
for professional
contractors remains
saturated.
High demand for high level
professionals directly
headhunted from
competitor organisations.
£300
£38k
£42k
£350
PROJECT SERVICES
2016 MARKET OUTLOOK
TRANSFORMATION & CHANGE
WHAT’S DRIVING THE MARKET?
LONDON MARKET RATES
£475 £475
Market Average Contract Day Rate (£)
Market Average Permanent Salary (£)
• 2016 already shows strong demand for project services skills
and there is growing confidence in the market as organisations
continue to invest in making technological and cultural
changes that have been previously put off in recent years.
• We are seeing a large increase in the number of businesses
that are looking to transform services which in turn is driving the
need to enhance and upgrade platforms to remain competitive in
the market place.
• This is driving the increased demand for the PM/BA skill sets.
Companies are looking to consolidate systems and move towards
“one-platform”, particularly as there has been an
increase in M&A activity in recent years.
£500
£68k
With many organisations outsourcing key pieces of work to
specialist consultancies, we’re seeing exceptional demand for
talented individuals across the project services arena from
our end-user, vendor and consultancy partners.
With many consultancies above their utilisation targets,
there’s increased pressure on existing teams, exacerbating
the need to find new people with urgency.
With the recent hike in contract rates and duration,
professionals previously in permanent positions are now
opting for 6-12 month day rate contracts, with the
subsequent shortage of good permanent candidates only
increasing demand for consultancy usage further.