Hiring Trends – 2017
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Title:Hiring Trends – 2017
- Busy companies require management support. The general philosophy is that hiring an Assistant Project Manager, for instance, can increase the productivity of a Project Manager by up to 50% (or more in some cases, depending on the load assumed by the APM).
- APMs simply cost less. While this is becoming less and less the case, APMs still do cost between 30-50% of their PM counterparts, and thus if a company sees a way forward to address their workload by providing more support while loading up the PMs with more accounts, or more overall project responsibility, then the 75k APM has a lesser impact on the bottom line than a 150k PM.
- It is worth noting, however, that we are seeing APM salaries increase substantially over their earlier norms, particularly in the ground up high rise sector. We are now seeing Real Estate and CM firms offering up to 130k or more for APM candidates with as little as 3-4 years of experience. In some special cases, we’ve seen substantially higher salaries. This is partially a function of the market, but perhaps also a sign that companies are assigning value to ability just as much as they are to duration of experience.
- Long Term company growth, sustainability, stability and expansion all benefit from hiring talent early in their career. This allows a company to train to their way of approaching the business, their processes and procedures, and their culture.
Perhaps there’s really nothing tremendously different about today’s young professionals. Hasn’t the older generation always looked at the newer one feeling as thought they appear to be entitled, lazy, poor communicators, incapable of eye contact, or having a bad taste in music, etc.. We’ve all been the subject of these generalizations, Millennials, Generation X, Baby Boomers, etc… So maybe the answer to how we guide the next generation includes a balance of good advice from ‘the elders’, and a little bit of slack for the future of our industry, our nation, our world.