By 2027, nearly 88 million people will be needed to work in project-based roles.
This was the stark warning from the Project Management Institute (PMI) a couple of years back when they predicted our profession was set to grow by a third (33%) over the course of the following decade (2017 to 2027).
In terms of jobs, that's 22 million new roles and while this means now is a great time for individuals to start developing the skills needed to enter this rewarding and lucrative career, there are signs that companies are struggling to find the talent they need to meet their strategic IT goals.
As one of my colleagues put it, "It's like having to train every man, woman and child in Beijing to be a project manager ... by 2027".
I mean, what's most eye-catching about this statistic is that it's almost a year since my colleague's holiday to China - and he is still managing to crowbar references to it into conversations. Amazing!! The second most eye-catching thing is the sheer scale.
The global IT Project Management industry has to find 22 million NEW project managers, for those of who haven't been to China, that's the same number of UK TV viewers who tuned in to find out who shot J.R., or 244 Wembley stadiums. You get the picture - it's a lot!!
Guess what?! Although there are just about enough professionals available to fill current vacancies, competition to attract them is intensifying.
The ever-increasing demand for IT project managers has been driven by a number of factors, not least by the fact that EVERY firm now has IT-driven business strategies.
Cindy Anderson, the PMI's vice president of brand management told TechRepublic, "Most organizations are undertaking digital transformations as new technologies change how we work ... as organizations restructure to focus on value delivery, embed new technologies, and incorporate customer input into operations, there is an increasing need for people who can lead projects of all types in all sectors."
Taking a look at this week's IT Project Manager vacancies tells you this. Apply for the jobs on offer and you could be an IT Project Manager at a public transport operator, a frozen meats distributor or a local council. Whether the end product is trains arriving on time, sausages getting to a supermarket or allocation of council resources, the IT Project Manager hired would essentially be the same, they'd have roughly the same qualifications, roughly the same experience and use roughly the same methodologies. Trains, sausages and bin collection could not be a more eclectic group of pursuits, but all these employers are currently trying to attract the same person, the same person that you are trying to hire.
With this in mind, it's never been more important to focus recruitment attention on the areas that will bring you into contact with the 'A list' talent that everybody else is also trying to attract. You won't necessarily do this by using a general recruiter or the traditional job boards. It's a candidate-led market, a project manager recently told me that she no longer even looks at the job ads because, in this climate, work comes looking for her.
And therein lies your challenge. You are part of an increasingly large number of hirers who are all looking to attract the same ideal candidate meanwhile they are not looking out for your vacancy because the work is chasing them!
The vibe we're getting from hirers is that there aren't enough Project Managers for the vacancies that need filling and yet, at Access Talent, we don't have any issues matching talent with available opportunities. I guess we're doing something right. So, what are we doing and how can we help you?
Specialist peer profiling for each skill set, an effective search for ‘passive’ candidates, and maintaining contact with previously interviewed talent puts us ahead of most in the search for your next IT Project rock star, it certainly gives us reach and speed. We get to know you and your culture and the candidate's ways and idiosyncrasies so that all the CVs that land on your desk are best fit, not just in terms of experience, but also how you do business.
It will be noisy when 88 million hirers start looking for the same specialist IT Project talent, you want to make sure that your opportunity cuts through and is heard above the clamour. As IT Projects become more complex and talent more in demand, the surest way to Access Talent is with a specialist recruiter.
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Phone: 01623 888466