Day rate
Project Management experienced a modest decrease in day rates, declining by -3%, with freelancers earning an average of £400 per day. The top 10% also saw a decrease of -2% year-on-year averaging £632 per day.
Experience
Midweight roles exhibited an increase of +8% year-on-year, signalling positive growth. However, other experience levels faced a decrease, particularly with Senior Roles witnessing a decline of -5%.
Our hiring process prioritises quick and efficient evaluations as we often need talent at short notice, so a strong portfolio is key to our decision-making. With freelancers we look for those who embrace a can-do attitude, can immediately take ownership, but aren’t afraid to ask questions - those are the individuals who always stand out.
Our hiring process prioritises quick and efficient evaluations as we often need talent at short notice, so a strong portfolio is key to our decision-making. With freelancers we look for those who embrace a can-do attitude, can immediately take ownership, but aren’t afraid to ask questions - those are the individuals who always stand out.
Contract Length and Bookings
In 2023, average contract lengths in Project Management experienced a decline of -19% year-on-year, settling at 45 working days (9 weeks). Similarly, top 10% contracts witnessed a -7% decrease, averaging 83 working days (just under 17 weeks).
All experience levels saw a decrease in their contract lengths in 2023. Notably, Senior roles witnessed the most significant decline, experiencing a -23% year-on-year decrease.
Project Management demonstrated a contrasting trend with a notable increase of +26% year-on-year in bookings. Despite a consistent demand throughout the year, the sector experienced a slight downturn in the last quarter. August was the highest booking month of 2023.
Roles
Project Directors commanded the highest rate, surpassing the discipline’s average by an impressive +42%, earning £578 per day. On the other hand, Resource Managers secured the longest contract lengths within the discipline, at 105 working days.
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