This week we have a great question from a client looking to get an insight into the reality of the job market during reported “troubled times” with the economy.
Hi Nicola, do you know what is happening with jobs in project management at the moment? I’ve noticed a distinct drop in advertised positions over the summer holiday period, is this normal as I saw a healthier jobs board over the same period last year?
Judith; Programme Consultant – Bristol
Hi Judith, thanks you for your question – yes it has been a quiet summer for advertised jobs in the PM field. There are a number of reasons for this and the obvious ones are the Olympics and Paralympics taking over a great deal of attention, however the media were finally reporting upbeat news which normally tends to have a positive effect on recruitment. Once the doom and gloom stories of the economy shrink back – a sense of confidence from hiring managers’ emerges. To be fair I haven’t noticed a huge dip in project management roles across the board, a number of independent job boards seem to be publishing a healthy volume of new PM related roles on a daily basis and having been in touch with a fair few senior managers at large blue chips, I can confirm that hiring personnel is not on hold generally. In fact I have discussed many fantastic positions with these clients and noticed a trend of recruitment being taken in-house. This cuts back on the fees for engaging recruitment firms and in their opinion saves them time and money – they have in-house recruiters / HR who can do the job so why look outside. I can see their point and for roles which are not so niche and are well paid, they shouldn’t struggle to attract strong applications. However the harder to fill positions will still be dished out to recruitment specialists eventually; however they will try to fill the roles themselves, sometimes for months before taking external services.
Businesses are turning away from the major job boards and relying on their own websites, twitter, LinkedIn and Facebook to advertise / attract talent. This makes your job a little bit more challenging as you need to research organisations in your field, find roles and apply direct. Of course a great deal of the in-house recruitment teams are being trained up to use LinkedIn as a tool for finding talent too – clearly a time to dust off your profile and make sure it is up to date and searchable. The specialised job boards are offering very competitive fees for advertising roles on them so it is important to keep an eye on them too.
The advertised roles are certainly picking up now we are heading into autumn and speaking with a number of specialist PM recruiters – there is a positive impression that the recruitment market is picking up.