Major challenge for Consulting Engineers 24/11/2018 Skills Shortages Major challenge for Consulting Engineers

New Staff Competition from other professions Cost of training 24/11/2018 New Staff Competition from other professions Cost of training Gender imbalance Image

Existing Staff Cost of training (low fees) Image Marketplace changes 24/11/2018 Existing Staff Cost of training (low fees) Image Marketplace changes Retention

Replacement Costs Average loss per year = 16% (from MA surveys) Equates to approx 1 year salary in cost to replace ( from industry data)

FIDIC represents 1m professionals (from FIDIC survey) Equates to loss of 160,000 staff every year

This means $15 billion in lost revenues every year just to maintain the status quo......

Where are staff going? Many remain in the industry – they circulate. Industry needs to accept that people are more transient than ever before.

How is the industry reacting? - perhaps not as well as it can:

inadequate opportunities; limited professional development; inadequate succession plans; gender imbalances; image problems; low fees etc

24/11/2018 What can FIDIC do?

Share more information on: 24/11/2018 Share more information on: Promotions into schools Involve Young Professionals more Capacity building & Training Partnering & resource sharing Equitable distribution

Management of resources requires a more strategic approach: 24/11/2018 Management of resources requires a more strategic approach: acquisition, mergers, takeovers, succession, alliances, recruitment

That leads to another story......... 24/11/2018 Much of what FIDIC does hinges on what members have and offer – skilled people That leads to another story......... Discussion?