Stop the turnover

When it comes to building a rack star talen pool, hiring doesn't mean much if organizations can't persuade people to stay

Employers take heed: as demand overtakes supply, project practitioners who aren't happy in their current positions will find plenty of opportunities to move on. This article discusses how organizations can act today to ensure their talent doesn't walk out the door tomorrow. In doing so, it cites a study by PMI--Project Management Talent Gap Report--noting that by 2020, 15.7 million new project management jobs will be added around the globe, with an economic impact of more than US$18 trillion. However, the demand for project management practitioners is not matched by the availability of talent with relevant project management skills. The article details how investing greater in the organization's strategic objectives leads to a greater sense of responsibility. It also explains how executives should weave project management practices into the organization's cultural fabric. In addition, the article examines how organizations can hold on to antsy employees by enabling them to advance their careers right where they are.
registered user content locked
PMI member benefit.

or Register

Advertisement

Advertisement

Related Content

  • PM Network

    Me Time member content locked

    By Rockwood, Kate Today's evolving performance reviews have a new voice: self-assessments. Nearly 80 percent of executives say changing their company's performance reviews should be a high priority, according to a…

  • Project Management Journal

    Cash Flow Management of Construction Projects in Saudi Arabia member content locked

    By Shash, Ali A. | Al Qarra, Abdulaziz Cash flow management entails forecasting, monitoring, and controlling practices of the cash inflow and outflow and arrangement of deficits over a project's duration. This article reveals, through a…

  • PM Network

    Broader Horizons member content locked

    By Suryana, Franciscus Cultural savviness is a powerful skill for project managers in the 21st century, because projects frequently span countries or even continents. I learned this lesson firsthand while working abroad…

  • PM Network

    Bots On Board registered user content locked

    By Ali, Ambreen Robots need a little onboarding, too. As the workforce becomes more automated, more organizations are incorporating a new generation of robot employees. Across all sectors, nearly 20 percent of jobs…

  • PM Network

    Element of Reprise registered user content locked

    By Fister Gale, Sarah There's a new race for an old metal. Cobalt, because it helps power lithium ion batteries, is a crucial part of smartphones and the nascent electric vehicle surge. As such, there's a spike in new…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.