Project & Change job seekers receiving 10% response rate in roles applied for

The project services hiring market is fluctuating within different industries and across all states in Australia. A recent whitepaper Talent has released, details the latest trends in project management as well as the skills and experience needed to keep businesses’ projects on track.

The whitepaper features indemand project skills, salary trends, challenges currently being faced in the project services hiring market, and trends and predictions for key project positions in 2024 It also features insights from Talent’s recruitment experts’ team.

Key findings include:

• Reduction of Project Practitioners, especially in local government, as part of an overarching strategy of reducing contract labour spend

• The banking industry has reduced Project Mangers by 8%.

• Competition for senior roles in Project & Change has increased across all industries with applicants getting a response to less than 10% of roles applied for.

• The hiring market is correcting salaries post-the boom experienced over the last few years, however in states such as WA there has been a 5% uplift in contract rates which is set to continue throughout 2024.

• It’s estimated that by 2025, AI will power 95% of customer interactions.

Skills in highest demand are:

• Data

• Cybersecurity

• AI Automation

• Emotional intelligence

• Communication

• Change management skills

Predictions for 2024 and beyond:

• AI will grow in uptake

• Hybrid project methodologies are gaining traction

• Greater focus on cybersecurity projects

• Greater use of data & data analysis to improve project performance & drive efficiencies

Insights from the Talent team include:

Matthew Munson, Talent Sydney Managing Director noted, “We anticipate that the market will start to pick up again

The financial services sector, for example, had 12 months of consolidation, cost cutting and projects being put on hold.

The initial signs are that hiring growth will return later in 2024 and 2025, with a number of large projects kicking off in Q4 this year.”

Steve Tompkins, Talent Head of Government Sales said, “The traditional project manager role is evolving.

Enter the ‘Project Influencer’ The influencer uses EI to build human connections and understand the motivations of their team.

They also use data-led logic, critical thinking, and strong communication skills to propose solutions to problems.

They don’t just answer to stakeholders, they answer to their team, filling the role of sword and shield for them and fuelling a productive project team where every member feels valued and performs to the best of their ability”.

Talent Perth Managing Director, Paul Mackin Brown observes that, "As a state that plays a pivotal role, contributing around 50% of Australia's exports, WA continues to rely on minerals, petroleum, specialised manufactured goods, and agriculture.

This positive scenario presents a particularly promising landscape for ICT professionals, whose skills are, and will continue to be, in high demand across most industries in WA, especially in areas like cybersecurity, business/data analysis, architecture, and software engineering".