The organizational flexibility of a project-oriented organization and the temporary nature of projects lead to several specific implications for human resource management in general and the project manager position in particular.
The larger and more complex the project, the more critical this overall management function becomes. Therefore, project success depends on the performance of competent and highly committed project managers, and many firms fail to retain and develop project managers adequately.
Here are the five “DO NOT” actions employers have to avoid to help retain their top PM talent.
1. DO NOT overload your PM!
2. DO NOT assume they are happy!
3. DO NOT compare PMs with other PMs or roles!
4. DO NOT compensate at the bottom of the pay band!
5. DO NOT ignore celebration & time-off-duration after each project
By ensuring your project managers are not overloaded, happy, covered, well-compensated, and have sufficient time to rest, you as an employer are doing things to help retain your top talent and improve project and company-wide performance.