• Home
  • Career Management
    • Planning your career
      • Career Planning
        • Perfecting your digital construction career: Step 1
        • Perfecting your digital construction career: Step 2
        • Perfecting your digital construction career: Step 3
      • Freelancing
      • Expert Career Tips
    • Job hunting advice
      • CV tips
      • Interview tips
        • 3 rules to make sure you get that interview
        • How to prepare for a remote interview
        • 10 tips to impress during a remote interview
        • Good interview questions
    • BIM Competencies
      • Assessing competency
        • Assessment Tool
          • The Assessment
          • The Manual
          • The Definitions
        • BIM Competency Self Assessments
      • BIM Competency Table
        • The BIM Competency Table
        • Development of the BIM Competency Table
      • The BIM Competency Framework
  • Employer Resources
    • Finding Talent
    • Keeping Talent
    • 5 Steps to attracting BIM talent
      • Attracting BIM talent: Step 1: Attention
      • Attracting BIM talent: Step 2: Interest
      • Attracting BIM talent: Step 3: Desire
      • Attracting BIM Talent: Step 4: Conviction
      • Attracting BIM talent: Step 5: Action
  • BIM Salary Tracker
    • LATEST DATA
    • TRENDS
    • PREDICTIONS
  • BIM Updates
    • News
    • Events
  • BIM Expert Directory
  • Opportunities
  • Home
  • Career Management
    • Planning your career
      • Career Planning
        • Perfecting your digital construction career: Step 1
        • Perfecting your digital construction career: Step 2
        • Perfecting your digital construction career: Step 3
      • Freelancing
      • Expert Career Tips
    • Job hunting advice
      • CV tips
      • Interview tips
        • 3 rules to make sure you get that interview
        • How to prepare for a remote interview
        • 10 tips to impress during a remote interview
        • Good interview questions
    • BIM Competencies
      • Assessing competency
        • Assessment Tool
          • The Assessment
          • The Manual
          • The Definitions
        • BIM Competency Self Assessments
      • BIM Competency Table
        • The BIM Competency Table
        • Development of the BIM Competency Table
      • The BIM Competency Framework
  • Employer Resources
    • Finding Talent
    • Keeping Talent
    • 5 Steps to attracting BIM talent
      • Attracting BIM talent: Step 1: Attention
      • Attracting BIM talent: Step 2: Interest
      • Attracting BIM talent: Step 3: Desire
      • Attracting BIM Talent: Step 4: Conviction
      • Attracting BIM talent: Step 5: Action
  • BIM Salary Tracker
    • LATEST DATA
    • TRENDS
    • PREDICTIONS
  • BIM Updates
    • News
    • Events
  • BIM Expert Directory
  • Opportunities
Home » Finding Talent

Managing the cost of good BIM talent

Mike JohnsonMike Johnson Posted On 31st January 2020
0


0
Shares
  • Share On Facebook
  • Tweet It

BIM salaries are going to rise but your costs don’t have to.

Based on our Q4 BIM Salary Guide Report, BIM salaries have stayed relatively constant for the last year because we have reached a temporary ‘market equilibrium’.

Having gone through a period of high demand and low supply, the recent slowdown in new projects combined with a slow increase in BIM capable talent. means both sides of the supply and demand see-saw are equally balanced.

Unfortunately, it doesn’t take a rocket scientist to work out what happens when demand starts heating up again. Unless the supply of relevant BIM talent increases, salaries will inevitably rise.

 

Why will demand for BIM talent increase?

  • Frozen projects are thawing;
  • UK Govt. is investing more into UK Construction;
  • Investors are more confident in the UK economy;
  • More projects are coming through the pipeline than we have seen for a couple of years;
  • Most companies have been running very lean for the last year and have no ‘spare’ BIM talent;
  • Clients are getting more enlightened and want to see more commitment to BIM;
  • Note: We are going to see more demand outside London than we have for a long time.

This means there is going to be much more demand overall in the UK with a lot of existing talent in London relocating to home towns.

Although more BIM Graduates and Apprentices are coming into the supply chain, there will not be enough to meet demand and, because so many companies are so lean, the demand will be for competent experience at least, not novice level.

So, demand will exceed supply.

Initially this will be for new projects where there is a budget for BIM intelligence. BIM Managers and BIM Coordinators will be in demand, but budgets/prices agreed in 2018/2019 will not be enough to attract the experience expected. Demand will therefore, again, be for on-the-way-up, ‘advanced beginner’ and ‘competent’ level BIM Coordinators and competent BIM Managers.

And their salaries will increase due to the lack of supply!

The market equilibrium will be changing and particularly where demand is highest.

Supply is at its lowest outside London. Salaries will rise more in the north of England.

 

It happens! You cannot prevent some companies paying over the average to attract candidates and, if the rise in demand continues, these hikes will continue until we see parity between supply and demand and a new market equilibrium is created. I don’t see this happening for at least a couple of years.

Options:

  • An ostrich approach;
  • Anticipate and plan for the rising cost of recruiting and retaining good BIM talent. Get the people you need, when you need them and avoid the rush to find cheap people who will quickly leave anyway;
  • Anticipate and reduce the need for ‘proficient’ or even ‘competent’ experience. Be experts at training up exciting ‘Novices’ and ‘Advanced Beginners’. Save money and attract exciting digital natives. Yes, some will move on to your competition but at a much higher cost (so you have a competitive advantage) and, if you are experts at training up you should have a good supply of new recruits ready and willing;
  • Outsource your BIM capabilities and manage costs via that supplier;
  • Improve retention. Don’t lose good people because they can get more money elsewhere. In the long run it will cost you more to replace them! Read about how to retain good people here.

If I can be of any more assistance please email me at mike@dbe.careers

Facebook0Tweet0LinkedIn0

BIMcareersBIMsalariesClientResources


Mike Johnson
Author

Mike Johnson

I am determined to help anyone enthusiastic about their career in digital construction make the most of it. For 20 years I specialised in architectural recruitment before nailing my colours to the BIM mast in 2008. Hopefully, I have made a 'positive' difference to a few people's careers in that time. What I have learned over the years is that too much of the genuine talent is squandered. There is not enough information out there to help. It's out there but not shared. So, my solution is to find it and share it in this free knowledge 'hub' for anyone working in the Digital Built Environment - or thinking about joining us. If it doesn't deliver what you want - let me know!

You may also like
STOP YOUR BIM CAREER STAGNATING!
1st January 2021
5 STEPS TO ATTRACTING BIM TALENT
29th December 2020
HOW TO FIND THE BEST CAREER OPPORTUNITIES
11th December 2020
Graham Kelly on emerging Construction Technology career opportunities
Read Next

Graham Kelly on emerging Construction Technology career opportunities

Leave A Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • previous arrow
    next arrow
    Slider
  • Current Opportunities

    previous arrow
    next arrow
    Slider
  • Recent Posts

    • THIS WEEK'S BIM JOBS UPDATE
    • 3 RULES TO MAKE SURE YOU GET THAT INTERVIEW
    • NAIL THAT INTERVIEW
  • STAY UPDATED

    SUBSCRIBE HERE


    •  
       

      CONTACT US:

      03333 580 442

       

    • Recent Posts

      • THIS WEEK'S BIM JOBS UPDATE
      • 3 RULES TO MAKE SURE YOU GET THAT INTERVIEW
      • NAIL THAT INTERVIEW
    • STAY UPDATED

      SUBSCRIBE HERE

    © Copyright DBE.Careers
    Press enter/return to begin your search
    We take cookies seriously
    This website uses cookies to improve your experience.
    We'll assume you're ok with this, but you can opt-out if you wish.
    We use necessary cookies to make your experience better. We'd also like to set analytics cookies to help us improve how we work for you. However, we only do this with your express permission
    For more detailed information about the cookies we use, see our Cookies page below
    Cookie settingsAcceptCookies Policy
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorised as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

    We also use third-party cookies that help us analyse and understand how you use this website. These cookies will be stored in your browser - but only with your consent. You have the option to opt-out of these cookies although opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled

    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

    Non-necessary

    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.