As a result of the rapid growth of the field of change management courses over the past few years. Organizations have begun to establish full-time positions for change professionals. More than 60,000 positions related to change management are now being advertised. The number of jobs that specifically mention “change management” in their job descriptions has doubled in only the past few years. The expansion of available positions is indicative of the field’s rapid development.
About half of all businesses have someone tasked with managing change, yet only 22% of those people have kept their positions for more than six years. The remaining 57% of managers have held their positions for three years or less.
In countries with a high level of change management maturity, between 55 and 75 percent of firms in the banking, insurance, finance, services, and pharmaceutical industries have change management responsibilities. United States, Canada, Australia, and New Zealand change management. The number of employees and annual income have a direct bearing on the number of available positions. Change management positions tend to be more common in larger organizations. Sixty-one percent of respondents said that change management jobs are located inside a single department within a company, with human resources (HR) and project management offices (PMO) being the most common.
A professional’s key change management tasks have traditionally been training and communication, but the research shows that companies want people who can drive successful change adoption across the business on numerous projects/programs at once. However, just 49% of respondents have official titles and full-time change management jobs, despite the fact that 63% say they assist change management efforts on an average of 2-4 projects per year.
In this survey, 43% of participants reported receiving a compensation offer in the range of $100,000 to $150,000 for their change management position, with a mean salary of slightly over $103,000.
Less than one-fifth of respondents said their companies had a change management career path in place, according to the data. 73% of firms, however, say they have reached or exceeded the “change saturation point,” or the point at which the volume and rate of change exceeds what they can absorb and adapt to in order to maximize economic value and return on investment.