HR Trends in Project Management
PMI Region 7 Conference
March 19, 2011
Today’s Presentation Hosted by
Star Jones
Just For Fun
Can you name the cast of Celebrity
Apprentice?
Celebrity Apprentice
What are KSAOs?
Knowledge, Skills, Abilities and Others
Competitive Advantage
List 3 of your KSAOs
–
–
–
Knowledge of HR Business Process
Ability to Build Relationships
Excellent Communication Skills
What PM Skills is Trump Looking For?
Key Knowledge, Skills, Abilities and Others (KSAOs):
Passion
Negotiation Skills
Confidence
Ability to withstand pressure
Top KSAOs in Demand
What are employers looking for?
(List 5 KSAOs)
KSAOs in Demand
Even with colleges churning out larger numbers of graduates,
many of them will not have the skills that employers most demand:
Ability to communicate effectively
Think critically
Solve problems and execute solutions
Solid work ethic
Creativity with specific technical knowledge
(The Conference Board Innovation and Productivity report, 2007)
What are Hiring Managers Looking for?
Over the past five years which of the following has been the
most important management skill at your company?
Managing Projects – 23%
Managing Profitability – 22%
Managing People – 19%
Managing Clients – 16%
Managing Expectations – 10%
Managing Talent – 6%
Other – 1%
Don’t know – 2%
KSAOs Gap - US News and World Report
1. Leadership/Negotiation
2. Business Analysis
3. Project Management
4. Six Sigma/Lean
5. Supply Chain Management
Get the Top Five In-Demand Skills, Report posted in 2009
Work Shortages
Demand for college-educated workers will exceed
supply by 300,000 per year for the next decade
Shortage of 3 million college educated workers in
America over the next 10 years
Outlook for PMs
Increased growth of projects
Increased retirements of PMs
Growth in Global Projects
A significant and growing gap in the supply- demand
of project managers
1.2 Million PMs needed World wide each year till
2016.
(Anderson Economic Group 2010)
Society of Human Resources (LINE)
LINE – Leading Indicator of National Employment
The SHRM LINE data are collected through a
monthly survey of human resource executives at
more than 500 manufacturing and 500 service-sector
firms.
–
–
–
–
Employers’ Hiring Expectations
New Hire Compensation
Difficulty in recruiting top-level talent
Job vacancies
Highlights of LINE
Hiring Expectations vary in March
Compensation packages for new hires
increase again in February
In February difficulties continue for some HR
professionals vying for top talent (including
PMs)
Where are PM Jobs in California
The leisure and hospitality sector will lead economic
recovery.
43 percent of residents have at least a BA/BS
LA & Long Beach - world’s largest ports.
Measure R: $ 40 Billion for 210,000 construction jobs
in LA
San Diego growing in Biotechnology, software and
technical consulting (Looking for Computer
Engineering degrees and tech savvy folks)
Where are PM Jobs in Arizona
Phoenix is the fourth fastest growing region in the
US – Housing and Construction Opportunities
Renewable Energy Tax Incentive Program to attract
solar, wind, geothermal and other energy industries
that are expanding or locating in Arizona.
Largest public research University in the country –
Arizona State University
Where are PM jobs in Nevada
The AFL-CIO and the Renewable Energy
Policy Project estimate by 2013 Nevada
could see upward of 19,000 jobs in wind,
solar, biomass, and geothermal industries.
Growth areas: State Government Jobs,
Leisure and Hospitality, and Education and
Health Services
Where are PM Jobs in New Mexico
Clean energy sector outperforming – by more than
threefold – job growth in other industries. (3.7% vs.
9.1%)
People in their 30s and 40s looking for intensive
short training
Now until 2020 workforce is made up of adults who
need retraining and new skills
The largest growth in New Mexico will be so-called
“middle skills” jobs.
Where are PM Jobs in Hawaii
Much like San Francisco, Hawaii’s Hospitality
industry continues to grow.
2012 growth rates:
–
–
–
visitor arrivals 2.5%
visitor days 2.6%
visitor expenditures 5.6 %
Themes in Job Growth
Renewable Energy
Construction
Hospitality
Information Technology
Show Me the Money
What is the average salary for a PM in the US?
IT Project Manager is # 5
Median Salary - $98,700 (not certified)
Top Pay - $140,000
Opportunity – 10 year job growth is at 16%
Quality of life ratings
–
–
Future growth and security – B
Benefit to society and Stress – C
(CNN Money 2010)
Highest Paying Certification?
Job Title Average Salary
IT Project Manager $108,000
Senior Project Manager $105,000
Construction Project Manager $103,000
Technical Project Manager $97,000
Project Manager $90,000
In USD as of May 12, 2010 according to Indeed.com
Exercise
Let’s brainstorm 3 ways PMI Chapters can
leverage this information to attract and retain
members and volunteers.
Leveraging These Gaps and Shortages
PMI Chapters can over courses and trainings when
there are skill gaps
Offer Volunteers projects that develop key KSAOs
Couple PM certifications with other certifications
(e.g., Six Sigma)
Partner with Local Colleges and Universities
Good News
I don’t think Prepared Project Managers will
be hearing those famous 2 words…
Where can you find this Information?
www.indeed.com
www.cnn.com
www.businessweek.com
www.glassdoor.com
www.SHRM.org
Email Sharawn –
Sharawn.Connors@gmail.com