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Aug 3, 20243 min read
Can I pay only $75K for a Senior level Construction Project Manager?
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Do you run a Successful Recruitment Process?
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Roi Kish
Aug 3, 20243 min read
Can I pay only $75K for a Senior level Construction Project Manager?
Typically, you get what you pay for, but smart business owners know how to attract and retain loyal, long-term employees by playing their ca
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current trends
Employment Trends
IT
Cyber
Information Security
Cyber & Information Security
The Cyber and Information Security defined by the ever-evolving nature of cyber threats.
There's a high demand for experts with up-to-date knowledge of the latest security technologies and practices.
The industry faces a skill shortage, as specialized roles like threat analysts and security architects are hard to fill.
Additionally, the need for professionals with both technical skills and an understanding of regulatory compliance adds complexity.
Organizations also strive to balance technical proficiency with soft skills like problem-solving and communication.
There's a high demand for experts with up-to-date knowledge of the latest security technologies and practices.
The industry faces a skill shortage, as specialized roles like threat analysts and security architects are hard to fill.
Additionally, the need for professionals with both technical skills and an understanding of regulatory compliance adds complexity.
Organizations also strive to balance technical proficiency with soft skills like problem-solving and communication.
Financial Technology (FinTech)
The FinTech sector is a rapid innovation and intersection of finance and technology. The industry requires a unique blend of skills, including advanced technological expertise and a deep understanding of financial services. This dual demand creates a talent gap, as few professionals possess both skill sets. The competitive landscape for attracting such talent is intense, with startups and established financial institutions vying for a limited pool. Additionally, the fast-paced nature of FinTech demands adaptability and continuous learning, further narrowing the candidate pool.
Information technology (IT)
The rapid pace of technological evolution demands professionals with cutting-edge skills, creating a skills gap. The industry faces a shortage of qualified candidates, partly due to the specialized nature of emerging technologies like AI, machine learning, and cybersecurity. Additionally, the preference for remote work has broadened the talent pool but also intensified competition. Companies must offer competitive salaries and benefits to attract talent. Another challenge is maintaining diversity and inclusivity in the workforce, crucial for fostering innovation and a wide range of perspectives.
Manufacturing
Logistics
Construction
Manufacturing Industry
Due to technological advancements and shifting skill requirements, the growing adoption of automation, robotics, and AI necessitates a workforce skilled in these areas, leading to a skills gap.
There's also a perceptual issue, as manufacturing is often seen as less attractive than other sectors, leading to fewer young professionals entering the field.
Additionally, the need for technical expertise combined with traditional manufacturing skills complicates finding suitable candidates.
Aging workforce and retention issues further exacerbate the talent shortage in this sector.
There's also a perceptual issue, as manufacturing is often seen as less attractive than other sectors, leading to fewer young professionals entering the field.
Additionally, the need for technical expertise combined with traditional manufacturing skills complicates finding suitable candidates.
Aging workforce and retention issues further exacerbate the talent shortage in this sector.
Warehouses & Logistics
As the industry's rapid growth and technological evolution there's a high demand for workers skilled in logistics software, automation, and robotics, leading to a skills gap.
Seasonal peaks increase the need for temporary workers, complicating consistent staffing.
Physical demands and perceived lower career progression opportunities make these roles less attractive to potential candidates.
Additionally, the shift towards e-commerce and just-in-time delivery models requires workers who can adapt quickly to changing environments and schedules, further narrowing the candidate pool.
Seasonal peaks increase the need for temporary workers, complicating consistent staffing.
Physical demands and perceived lower career progression opportunities make these roles less attractive to potential candidates.
Additionally, the shift towards e-commerce and just-in-time delivery models requires workers who can adapt quickly to changing environments and schedules, further narrowing the candidate pool.
Construction & Engineering
A primary issue is the skills gap, especially as older generations retire and fewer young people enter the trade.
Technological advancements demand new skills, like proficiency in digital tools and sustainable building practices, which not all current workers possess.
The physically demanding nature of the work and safety concerns can deter potential recruits.
Additionally, fluctuations in project timelines create a need for flexible staffing, further complicating recruitment.
The industry also struggles with diversity and inclusion, impacting its appeal to a broader talent pool.
Technological advancements demand new skills, like proficiency in digital tools and sustainable building practices, which not all current workers possess.
The physically demanding nature of the work and safety concerns can deter potential recruits.
Additionally, fluctuations in project timelines create a need for flexible staffing, further complicating recruitment.
The industry also struggles with diversity and inclusion, impacting its appeal to a broader talent pool.
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