FIDIC presentation, 23 Feb. 2005

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Skills Shortages
Major challenge for Consulting Engineers
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• New Staff
• Competition from other professions
• Cost of training
• Gender imbalance
• Image

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• Existing Staff
• Cost of training (low fees)
• Image
• Marketplace changes
• Retention

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

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

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

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

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

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

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What can FIDIC do?
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• Share more information on
• Promotions into schools
• Involve Young Professionals more
• Capacity building Training
• Partnering resource sharing
• Equitable distribution

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• Management of resources requires a more strategic
  approach
• acquisition, mergers, takeovers, succession,
  alliances, recruitment

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