Posted by Marbenz Antonio on April 25, 2022
What if we told you that learning about the typical salaries of a PRINCE2 certified professional wasn’t the most interesting thing you’d learn in this article?! That’s not to imply the pay isn’t good; it just means the best is yet to come…
To begin with, the average PRINCE2 pay in the UK is £54,634 at the time of writing! This is 57.0% more than the national average! By all accounts, this is a great salary, demonstrating the worth of PRINCE2 certification for project managers.
Now for the cherry on top…
If you are a certified professional or are studying to become one, hearing that PRINCE2 qualified candidates are in high demand will be music to your ears!
PMI’s talent gap assessment for 2021 (PMI) (2021). Project managers and project professionals will be in more demand over the next decade, according to the report Talent Gap: Ten-Year Employment Trends, Costs, and Global Implications). Job postings for PRINCE2 have increased by 80.9% year over year, and salary for PRINCE2 employment has also increased – currently 8.7% higher year over year! Salaries are increasing, and new possibilities are springing up all the time.
One of the fastest-growing job sectors is project management-oriented employment (PMOE). There are now 2,135 PMOE jobs available on Indeed.com and 1,137 PMOE jobs listed on Reed.co.uk with PRINCE2 as a desirable skill.
You might wonder why this is the case. The simple answer is that PRINCE2 is a process-based methodology that gives project managers a solid understanding of how to manage a project efficiently and effectively. In essence, PRINCE2 training offers the basis for project success, and PRINCE2 certification verifies that the applicant possesses these abilities.
PMI highlights three explanations for the skill gap in the project area in their aforementioned analysis. (This means there is a greater demand for experts than there is available talent.) For beginners, they saw an increase in the number of positions needing project management abilities. Due to economic expansion, there is a greater demand for project experts in emerging and developing nations. Finally, the rate at which people retire from employment is a concern.
People leave the field inevitably, and fresh talent enters; but, the rate at which candidates enter the profession is insufficient to satisfy the rising demand, which is a problem. According to the PMI talent gap research, by 2030, the global economy would require 25 million new project professionals. And, merely to keep up with demand, 2.3 million people will need to enter PMOE every year to close the skill gap!
It is obvious that action is required to bridge the talent gap. Companies are already searching for methods to stay competitive, as seen by the growth in PRINCE2 compensation (8.7% higher than last year). Businesses must strategize in order to meet the urgent need for personnel with project management abilities. They must encourage learning and development efforts to develop the abilities to exist, workers, in addition to acquiring new talent. Employees should be given the essential project management abilities that are in line with the company’s goal.
“Make sure your learning is aligned with business skills. Rather than looking at hours of learning and course completion rates, instead, focus on identifying what skills are lacking in your organization. With that alignment and clarity, L&D can create a skill-building program that’s in lockstep with your business strategy.”
– Lori Niles-Hofmann, Senior EdTech Transformation Strategist, NilesNolen
PRINCE2 jobs start at £35,000 per year, with most experienced professionals earning around £60,000 per year. As a result, it’s clear that PRINCE2 training may help you realize your objectives and advance in a promising profession, in addition to helping you manage projects more successfully.
Our PRINCE2 training courses start at the Foundation level, where you will gain a solid understanding of the PRINCE2 techniques and procedures. This course has no qualifications, and you don’t even have to be working in the sector to take it.
After earning your certification, you can advance to the PRINCE2 Practitioner level. You will become a Registered PRINCE2 Practitioner after completing this course. The test determines if a candidate has demonstrated adequate competence to apply and customize PRINCE2 to project management and execution. With the right guidance, a successful Practitioner candidate should be able to apply the technique to a real project.
Here at CourseMonster, we know how hard it may be to find the right time and funds for training. We provide effective training programs that enable you to select the training option that best meets the demands of your company.
For more information, please get in touch with one of our course advisers today or contact us at training@coursemonster.com