Between 2010 and 2020, an estimated 15.7 million new project management roles will be added globally across seven project-intensive industries, significantly growing the economic impact of the profession to over $18 trillion. In particular, China and India are expected to lead growth in project management jobs. Additionally, the demand for project management professionals in the United States will result in nearly 6.2 million jobs by 2020 and over 12% growth, with the highest growth rate in healthcare. Project management oriented occupations command significantly higher salaries than non-project oriented occupations due to the high demand for skills.
Ahead of the provincial elections on May 9, we would like to help our community get a better sense of the three BC political party platforms to advance the tech sector. Here’s a summary of key tech-related promises in the three platforms as it relates to BCTECH Association’s policy pillars: talent, capital, markets, scale and competitiveness. Vote for BC. Vote for Tech.
The construction industry is seeing steady growth despite of the labor shortage for skilled construction workers. While growth looks good now, not solving for the labor challenges could be a problem that slows the industry down.
Ons rapport identificeert een vijfstappenplan om wereldwijde groei van vacatures te stimuleren.
http://haysoxfordeconomics.clikpages.co.uk/globalreport2011/
The Talent Gap Crisis - Is Manufacturing Sexy Enough for the Next Generations? CBIZ, Inc.
Manufacturing employment accounts for 12.8 million jobs in the U.S. Yet, currently about 452,000 manufacturing positions remain vacant across the nation – a staggering statistic. Manufacturers saw this coming more than two decades ago as the retirement of the baby boomer generation began to impact the industry. Compounding the loss of experienced workers, the introduction of new manufacturing technologies, the industry’s persistent image problem and the cultural shift in the demand for work-life balance have catapulted the talent shortage to the industry’s top challenge.
Ahead of the provincial elections on May 9, we would like to help our community get a better sense of the three BC political party platforms to advance the tech sector. Here’s a summary of key tech-related promises in the three platforms as it relates to BCTECH Association’s policy pillars: talent, capital, markets, scale and competitiveness. Vote for BC. Vote for Tech.
The construction industry is seeing steady growth despite of the labor shortage for skilled construction workers. While growth looks good now, not solving for the labor challenges could be a problem that slows the industry down.
Ons rapport identificeert een vijfstappenplan om wereldwijde groei van vacatures te stimuleren.
http://haysoxfordeconomics.clikpages.co.uk/globalreport2011/
The Talent Gap Crisis - Is Manufacturing Sexy Enough for the Next Generations? CBIZ, Inc.
Manufacturing employment accounts for 12.8 million jobs in the U.S. Yet, currently about 452,000 manufacturing positions remain vacant across the nation – a staggering statistic. Manufacturers saw this coming more than two decades ago as the retirement of the baby boomer generation began to impact the industry. Compounding the loss of experienced workers, the introduction of new manufacturing technologies, the industry’s persistent image problem and the cultural shift in the demand for work-life balance have catapulted the talent shortage to the industry’s top challenge.
DCR TrendLine February 2014 – Contingent Worker Forecast and Supply Reportss
It’s hard to believe that 2014 is already well underway. In the second month of the year, the staff at TrendLine was hard at work to provide you with key insights into the temporary staffing industry. With thorough research and in-depth analysis of data, we aim to supply you with a pulse of the temporary staffing market. As usual, our articles this month uncover trends in the industry and give you hard, actionable information on contingent workforce supply and demand.
Scm pro is this the fresh start - may 2014Darryl Judd
Regulatory uncertainty under the previous government has prevented the kind of growth all anticipated. Darryl Judd says with Modi government in centre may be this is the start India need, says Darryl Judd
Hays Journal 20 – How to capture a culture of innovation: lessons from the CO...Hays
Hays Journal 20 - How to capture a culture of innovation: lessons from the COVID-19 crisis
In order to quickly respond to new demands bought on by the pandemic, many businesses have been forced to adopt a more innovative mindset.
And while many of us look forward to the world returning to what will be the new normal, this inventive way of thinking is something that many organisations will want to hold onto.
Read the Hays Journal to find out more: www.hays-journal.com
The future of work is within sight. New technology, geopolitical changes and the ongoing skills shortage are affecting organizations across the
globe, and emerging markets such as the UAE will need to adapt to be successful in the new working world.
THE FOURTH 4 TH INDUSTRIAL REVOLUTION’S EFFECT ON THE ENTERPRISE CYBER STRATEGYIJMIT JOURNAL
The Fourth (4th) Industrial Revolution represents the profound advancement of technology that will likely transform the boundaries between the digital and physical worlds in modern society. The impact of advance technology will disrupt almost every aspect of business and government communities alike. In the past few years, the advancement of information technologies has opened the door to artificial intelligence (AI), block chain technologies, robotics, virtual reality and the possibility of quantum computing being released in the commercial sector. The use of these innovative technologies will likely impact society by leveraging modern technological platforms such as cloud computing and AI. This also includes the release of 5G network technologies by Internet Service Providers (ISP) beginning in 2019. Networks that rely upon 5G technologies in combination with cloud computing platforms will open the door allow greater innovations and change the nature of how work is performed in the 4th Industrial Revolution.
"South Africa is emerging as an outsourcing destination with a growing English speaking population, which is qualified and further supported by a time zone that overlaps with most of the regions. Cost savings, revenue-generating services, presence of large outsourcing service providers and buyers, the availability of French, Portuguese, and Dutch speaking talent is also favouring South Africa as the next outsourcing destination for the developed world".
Résultats de la 19 ème enquête mondiale sur les tendances de l'emploi réalisée auprès des clients du réseau de Cabinets de Recrutements Antal International
India is looking at hosting nearly a total of 2000 #GCCs in the next three to four years.
But what mark does that leave on our #talent landscape?
To answer this and more, we’re elated to present ‘India Captivating! Impact of Global Captive Centers (GCCs) on the Indian Staffing Ecosystem’ to our entire network.
Full report available here:
GCCs or Global Captive Centers constitute and contribute to a significant chunk of the Indian economy. Market predictions reveal that we are looking at a total of 2000 GCCs in the country by 2025. Operating at various levels, these GCCs are zeroing in on the Indian talent ecosystem to achieve their technology-driven goals majorly. 3.64 lakh jobs are expected to be created by the India-based GCCs over the next twelve months. This report attempts to decode the impact of these client-owned and operated service delivery centers on the Indian staffing landscape.
DCR TrendLine February 2014 – Contingent Worker Forecast and Supply Reportss
It’s hard to believe that 2014 is already well underway. In the second month of the year, the staff at TrendLine was hard at work to provide you with key insights into the temporary staffing industry. With thorough research and in-depth analysis of data, we aim to supply you with a pulse of the temporary staffing market. As usual, our articles this month uncover trends in the industry and give you hard, actionable information on contingent workforce supply and demand.
Scm pro is this the fresh start - may 2014Darryl Judd
Regulatory uncertainty under the previous government has prevented the kind of growth all anticipated. Darryl Judd says with Modi government in centre may be this is the start India need, says Darryl Judd
Hays Journal 20 – How to capture a culture of innovation: lessons from the CO...Hays
Hays Journal 20 - How to capture a culture of innovation: lessons from the COVID-19 crisis
In order to quickly respond to new demands bought on by the pandemic, many businesses have been forced to adopt a more innovative mindset.
And while many of us look forward to the world returning to what will be the new normal, this inventive way of thinking is something that many organisations will want to hold onto.
Read the Hays Journal to find out more: www.hays-journal.com
The future of work is within sight. New technology, geopolitical changes and the ongoing skills shortage are affecting organizations across the
globe, and emerging markets such as the UAE will need to adapt to be successful in the new working world.
THE FOURTH 4 TH INDUSTRIAL REVOLUTION’S EFFECT ON THE ENTERPRISE CYBER STRATEGYIJMIT JOURNAL
The Fourth (4th) Industrial Revolution represents the profound advancement of technology that will likely transform the boundaries between the digital and physical worlds in modern society. The impact of advance technology will disrupt almost every aspect of business and government communities alike. In the past few years, the advancement of information technologies has opened the door to artificial intelligence (AI), block chain technologies, robotics, virtual reality and the possibility of quantum computing being released in the commercial sector. The use of these innovative technologies will likely impact society by leveraging modern technological platforms such as cloud computing and AI. This also includes the release of 5G network technologies by Internet Service Providers (ISP) beginning in 2019. Networks that rely upon 5G technologies in combination with cloud computing platforms will open the door allow greater innovations and change the nature of how work is performed in the 4th Industrial Revolution.
"South Africa is emerging as an outsourcing destination with a growing English speaking population, which is qualified and further supported by a time zone that overlaps with most of the regions. Cost savings, revenue-generating services, presence of large outsourcing service providers and buyers, the availability of French, Portuguese, and Dutch speaking talent is also favouring South Africa as the next outsourcing destination for the developed world".
Résultats de la 19 ème enquête mondiale sur les tendances de l'emploi réalisée auprès des clients du réseau de Cabinets de Recrutements Antal International
India is looking at hosting nearly a total of 2000 #GCCs in the next three to four years.
But what mark does that leave on our #talent landscape?
To answer this and more, we’re elated to present ‘India Captivating! Impact of Global Captive Centers (GCCs) on the Indian Staffing Ecosystem’ to our entire network.
Full report available here:
GCCs or Global Captive Centers constitute and contribute to a significant chunk of the Indian economy. Market predictions reveal that we are looking at a total of 2000 GCCs in the country by 2025. Operating at various levels, these GCCs are zeroing in on the Indian talent ecosystem to achieve their technology-driven goals majorly. 3.64 lakh jobs are expected to be created by the India-based GCCs over the next twelve months. This report attempts to decode the impact of these client-owned and operated service delivery centers on the Indian staffing landscape.
Global socio-economic, demographic and technological forces which HP calls Megatrends will have a sustained and transformative impact on businesses, societies, economies, cultures and our personal lives in unimaginable ways in the years to come.
Interested in learning more about Megatrends? Visit www.hpmegatrends.com.
Artificial intelligence (AI) is a source of both huge excitement
and apprehension. What are the real opportunities and threats
for your business? Drawing on a detailed analysis of the business
impact of AI, we identify the most valuable commercial opening in
your market and how to take advantage of them.
Global Captive Centers in India and The Evolving Landscape.pdfAlp Consulting Ltd
Global Captive Centers (GCCs), are centres of excellence, set up by large multinational companies to provide tech services, R&D, engineering, IT support and business process outsourcing and develop innovative solutions and business practices. Developing countries like India, are ideal destinations for MNCs to set up Global Captive Centres.
Subsequent to a huge shift of economic growth and opportunities to emerging economies, particularly in Asia, managing and retaining key talent has become important for sustainable growth. Organizations are being forced to rethink their talent pipeline and transform their HR function to deal with new priorities and risks.
The impact of technology and the need for innovation continue to demand new skills in new places. A clear plan for global talent mobility alongside the development of strong local talent is vital. The paradigm shift has also brought new regulator y obligations, transformed our view of pay and incentives, and refocused our definition of employee engagement.
Bangladesh’s hi-tech industry is gaming forward on the back of steady economic indicators that signal rising per capita income, a surging young-consumer market indicative of future demand for tech products and services, and favorable policies that paved the ground for local and international players to explore the market. The emerging startup ecosystem has also been playing an instrumental role in channeling FDIs to industries like FinTech, Logistics, and Mobility since 2016. While the ongoing government initiatives in building capacities to sustain investment are portraying a positive future, over-supply of low-cost labor remains one of the major growth drivers for the hi-tech industry.
2. 2 Project Management Talent Gap Report
INTRODUCTION
Between 2010 and 2020, 15.7 million new project management
roles will be created globally across seven project-intensive
industries. Along with job growth, there will be a significant
increase in the economic footprint of the profession; the project
management profession is slated to grow by USD$6.61 trillion.
This enormous anticipated growth, along with higher-than-
average salaries, will make the next seven years an opportune
time for professionals and job-seekers to build project
management skills.
GROWTH OF PROJECT
MANAGEMENT IN THE UNITED
STATES
Expanding job markets. Double-digit growth (more than 12
percent) in demand for project management professionals
is expected between 2010 and 2020, resulting in almost 6.2
million jobs in 2020. This growth in demand will be matched by
a 37 percent increase in the Gross Domestic Product (GDP) of
project-intensive industries between 2010 and 2020, bringing
the profession to $5.81 trillion.
Rising salaries. High demand for project-oriented professionals
is reflected in both average salary and salary growth. Project
Management Professional (PMP)®
credential holders in the
U.S. earned an average of 16 percent more (approximately
US$14,500) than their non-credentialed peers in 2011.
Additionally, between 2004 and 2010, high demand for project-
oriented professionals drove faster-than-average salary growth
of a Project Management Professional (PMP)®
; salary growth
among Project Management Professional (PMP)®
’s averaged
about USD$2,800 a year, while that of non-project-oriented
professions was approximately USD$1,700.
Growing industries. Currently, project-intensive industries in the
U.S. that support the greatest number of project management
roles are business services and manufacturing, with 2 million
and 630,000 project management jobs, respectively, in 2010.
However, business services and healthcare (not currently a
project-intensive industry) are expected to lead the pack in terms
of growth between 2010 and 2020. In particular, the healthcare
industry is projected to increase project management roles by
30 percent – a higher growth rate than any current project-
intensive industry.
15.7 millionnew
project management roles will be added
globally across seven project-intensive
industries by 2020.
“Project-intensive industries” describe those
in which occupational employment has a high
level of project-oriented work. In this document,
those industries are:
Manufacturing
Finance &
Insurance
Information
Services
Utilities
Business
Services
Oil & Gas
Construction
PROJECT-INTENSIVE
INDUSTRIES
DEFINITION
3. 3Project Management Talent Gap Report
INTERNATIONAL GROWTH OF THE PROJECT MANAGEMENT
PROFESSION
Expanding job markets. In 10 countries with established or quickly developing project management industries,
project management roles are expected to increase by over 13.4 million between 2010 and 2020, to over 41.5
million. In addition, between 2010 and 2020 the economic output of the profession in these 10 countries will
increase by over USD$5 trillion to USD$12.37 trillion.
China and India will lead the growth in project management, generating approximately 8.1 million and 4 million
project management roles through 2020, respectively.
Increasing demand. Total employment for project managers will increase in nine of the 10 countries, Germany
being the exception. In fact, employment will increase by almost 60 percent in India, more than 33 percent in
China and by more than 40 percent in the United Arab Emirates.
Improving GDP. GDP – the standard measure by which we understand economic growth – will increase across
all ten countries between 2010 and 2020. Among those showing the strongest expected improvements are
China and India, each with over 140 percent growth – extraordinary data that only underscores the potential of
project management to drive economic prosperity worldwide.
Countries with established or quickly developing project management industries
Australia
Germany India Japan Saudi
Arabia
United Arab
Emirates
United
Kingdom
Brazil Canada China
Projected new job demand for project management roles by 2020
57,731103,6162,610,663
582,366
8,857,8451,642,058
24,906,557
946,648
1,364,932375,757
4. 4 Project Management Talent Gap Report
CONCLUSION
The rapid growth of demand for project management roles
and the exceptional salary levels in the profession make
the project management professiont highly desirable to
job seekers. Currently, demand for project management
professionals is not matched by availability of resources
with relevant project management skills. This will create an
unparalleled opportunity for discerning job seekers to build
valuable project management skills.
ABOUT THE REPORT
The Anderson Economic Group’s “Project-Oriented Employment Trends and Costs of a Skills Gap: 2010 to 2020” report,
commissioned by the Project Management Institute, provides projections on the growth of the project management
profession globally in project-intensive industries. To create a holistic view of growth of the profession in this decade,
this report builds on forecasts developed in 2008. The results of the report point to immense growth of the profession
globally.
ABOUT PROJECT MANAGEMENT INSTITUTE (PMI)
PMI is one of the world’s largest not-for-profit membership associations for the project management profession. Our
professional resources and research empower more than 700,000 members, credential holders and volunteers in
nearly every country in the world to enhance their careers, improve their organizations’ success and further mature
the profession.
PMI’s worldwide advocacy for project management is reinforced by our globally recognized standards and certification
program, extensive academic and market research programs, chapters and communities of practice, and professional
development opportunities. Visit us at www.PMI.org, www.facebook.com/PMInstitute and on Twitter @PMInstitute.
Discerning job seekers should find the
next seven years to be an
unparalleled opportunity
to build valuable project management skills
and enter this flourishing market.
5. 5Project Management Talent Gap Report
Between 2010 and 2020 an estimated 15.7 million new project management jobs
will be added globally, reaching an economic impact of over $18 trillion, across
seven project-intensive industries.
In the United States, the demand for project management professionals will grow by
nearly 700,000 jobs. Strong demand will be reflected in average salaries far higher
than non-project-oriented professionals.
China
Canada
USA
USA
2,348,830
5,813
UAE
UAE
18,000
176
Saudi Arabia 12,670
279
Japan
Japan
387,560
1,974
120,070
India
India
3,975,650
1,022
Germany
Germany
153,230
1,290
China
Canada 649
8,153,340
Saudi Arabia
4,540
United Kingdom
United Kingdom
177,120
891
Brazil
Brazil
347,820
1,027
Australia
Australia
74,900
519
ESTIMATED PROJECT-ORIENTED JOB OPENINGS, 2010-2020
ESTIMATED ECONOMIC IMPACT, 2020 (BILLIONS)
PROJECT MANAGEMENT ROLES ARE HIGHLY VALUED, WITH HIGH SALARIES REFLECTING THE HIGH DEMAND FOR PROJECT
MANAGEMENT SKILLS (USD):
2004 2008 2009 2010
$43k
$49k $50k
$54k
NON-PROJECT-ORIENTED
OCCUPATIONS
$81k
$91k $93k
$98k
PROJECT-ORIENTED
OCCUPATIONS
JOBS
In the United States, the demand for project management
professionals is significant, especially in business services and
manufacturing. The highest growth rate for project management
roles is expected in the health care sector:
2010
2020
5.4m
6.1m
JOBS
$
