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Will You Add? - The High Cost of Employee Turnover Among Project Managers
There are a variety of options open to you for air transport. You will find that these options are very versatile in several ways. They all use the principals of flying but they also allow for some of the most amazing types of air transport out there. Getting around has never been grander and more and more people are taking advantage of flying in various air transport mechanisms.While just a decade ago many people would tell you that they had not had the opportunity to be in any sort of air transport, now they will tell you differently. Air transport has become an important part of life and life’s adventures.Air transport is capable of many things. While we think of airplanes as transportation for people to get back and forth, we also know that it is a way of flying all sorts of equipment and supplies from place to place as well. But, do you realize the large part that air transport plays in protection? What about in health related cases when air transport is the only way to get the patient to the doctor in time to save his or her life? Do you realize the importance of air transport in military expeditions? In fact, air transport is necessary for trade from country to country over huge seas of water as well.But, for the most part, people think of airplanes as their main use of air transport during their lives. Now, it is
CEO’s just accept it as part of doing business in today’s competitive marketplace. But more cost conscious and successful organizations will see the negative cost factors that turnover inevitably will have on productivity, quality and service.
F. Leigh Branham
Without question, the self-storage industry is still the most profitable real-estate investment around. Start-up and overhead costs are low allowing you to recoup initial expenses start making money sooner. Factor in the special tax breaks available, appreciation of your self-storage facility, and the expandability of quality steel buildings and you have a winning enterprise nearly every time.There is room for you in the self-storage industryOnly 6% of the population is currently utilizing self-storage and the trend is growing. Baby-boomers are retiring, down-sizing, and finding they have more things than space. In fact, as a nation we continue to engage in rampant consumerism, accumulating more and more stuff. Most people already have items they can’t store at home, like recreation vehicles, sporting equipment, collectables, seasonal items and they are still buying more.Self-storage draws commercial clientsEasy access, convenient office hours, and no long-term rental agreements make self storage facilities perfect for retail, contractor, and home-based businesses. Storing business files, inventory and equipment makes up about 30% of the business in today’s self-storage market. You can tap into this market by careful facility planning and offering a variety of storage options, such as climate controlled storage.Your i
Employee turnover is simply a fact of life in the business world. The days when employees would stay and grow with a company for the duration of their working life are gone. Studies today reveal that individuals stay with their current employer a maximum of five years before moving on. While 0% turnover is simply unrealistic, increased turnover in your organization could indicate a serious problem in your working environment.
In a random poll of project managers conducted for this article, the following reasons were given for high turnover among project managers at organizations today:
• Internal communication problems
• Poor time management
• Trouble scheduling and controlling staff
• Lack of project manager authority and experience
• Poor staff training
• No project management tools/systems
• Monetary compensation
Organizations are in a constant state of restructuring. The demand for experienced and dedicated project managers is on the rise, however it seems that less experienced personnel are attracted to the profession. So then why do some organizations experience increased turnover?
Generally speaking, the US Bureau of Labor Statistics recently found that 40% of those that quit their jobs were doing so because they simply felt a lack of appreciation, of teamwork, that the organization was perceived to not care about employees. Serious charges from 40% of the people.
As of February 2005, the average turnover rate in the United States was 3.1%. And while that number seems low, when you think about how many employed individuals there are in the United States alone that number can be staggering. And yet many organizations let turnover go undetected.
CEO’s just accept it as part of doing business in today’s competitive marketplace. But more cost conscious and successful organizations will see the negative cost factors that turnover inevitably will have on productivity, quality and service.
F. Leigh Branham b
Most all Americans will go to a car wash fundraiser to get their car washed and patronize a local nonprofit group such as a soccer team, Boy Scouts or perhaps a church youth group. This is the proper civic-minded thing to do and it is for that reason that you need to give the car wash fund-raising customers a little more than they expected.By making the car wash fundraiser more exciting and exceeding expectations you will find they will come back each year to your annual carwash. It also makes them think that carwash fundraisers are a very good idea and they may also help out another group during the year.One of the ways you can make your carwash fundraiser extremely exciting is to use a PA system. Many groups such as high school bands or cheerleaders have PA systems that they use in their routines and therefore the generally bring them to the carwash fundraisers.However high school baseball teams, track teams and soccer teams may not have PA systems. It does make sense that they go find one or borrow a PA system to increase their sales. So if you do not have a PA system and you are expecting to do a carwash fundraiser you may wish to consider this.There are many things you can play over the PA system such as Barry Manilow songs or you can have the coach or the players talk on the PA system about what a great team it is
Employee turnover is simply a fact of life in the business world. The days when employees would stay and grow with a company for the duration of their working life are gone. Studies today reveal that individuals stay with their current employer a maximum of five years before moving on. While 0% turnover is simply unrealistic, increased turnover in your organization could indicate a serious problem in your working environment.
In a random poll of project managers conducted for this article, the following reasons were given for high turnover among project managers at organizations today:
• Internal communication problems
• Poor time management
• Trouble scheduling and controlling staff
• Lack of project manager authority and experience
• Poor staff training
• No project management tools/systems
• Monetary compensation
Organizations are in a constant state of restructuring. The demand for experienced and dedicated project managers is on the rise, however it seems that less experienced personnel are attracted to the profession. So then why do some organizations experience increased turnover?
Generally speaking, the US Bureau of Labor Statistics recently found that 40% of those that quit their jobs were doing so because they simply felt a lack of appreciation, of teamwork, that the organization was perceived to not care about employees. Serious charges from 40% of the people.
As of February 2005, the average turnover rate in the United States was 3.1%. And while that number seems low, when you think about how many employed individuals there are in the United States alone that number can be staggering. And yet many organizations let turnover go undetected.
CEO’s just accept it as part of doing business in today’s competitive marketplace. But more cost conscious and successful organizations will see the negative cost factors that turnover inevitably will have on productivity, quality and service.
F. Leigh Branham
While every entrepreneur has their own motivation for going into business, based on my experience the following statements reflect a valid representative sampling of the most common reasons; to create more income; to create a better life for their family; to work their own hours; to be their own boss; to have economic freedom, and; to live the American Dream.The reasons noted above are certainly good reasons, and, perhaps in an idealistic fashion, the right reasons to go into business. However while keeping these enthusiastic ideals in mind it is perhaps even more beneficial to examine the other side of what happens to many who embark upon the path of entrepreneurship.Have you ever known someone who’s gone into business only to do nothing more than just buy a job? Let me explain what I mean…Have you ever watched an individual invest their life savings in a business, put everything they own at risk, work 70 hour weeks, take on the responsibility of overhead and employees and when all is said and done earn less than they would have working 9 to 5 for someone else? These people have in reality bought a job…No; actually they’ve bought a really bad job! This all too common but avoidable scenario exists because the entrepreneur has gaps in skill sets or competencies that keeps him/her from generating a net profit while maintaining a sane lifest
• Internal communication problems
• Poor time management
• Trouble scheduling and controlling staff
• Lack of project manager authority and experience
• Poor staff training
• No project management tools/systems
• Monetary compensation
Organizations are in a constant state of restructuring. The demand for experienced and dedicated project managers is on the rise, however it seems that less experienced personnel are attracted to the profession. So then why do some organizations experience increased turnover?
Generally speaking, the US Bureau of Labor Statistics recently found that 40% of those that quit their jobs were doing so because they simply felt a lack of appreciation, of teamwork, that the organization was perceived to not care about employees. Serious charges from 40% of the people.
As of February 2005, the average turnover rate in the United States was 3.1%. And while that number seems low, when you think about how many employed individuals there are in the United States alone that number can be staggering. And yet many organizations let turnover go undetected.
CEO’s just accept it as part of doing business in today’s competitive marketplace. But more cost conscious and successful organizations will see the negative cost factors that turnover inevitably will have on productivity, quality and service.
F. Leigh Branham
There are many people who have completed their translation training programs at university level or higher professional education and they want to become freelance online translators. But gaining a foothold as a on line translator in a highly competitive market and can be a complicated business. So what do you need to do in order to become a successful online translator?Many translation agencies do not want to admit new online translators into their networks. A lot of translation agencies start with a trial period, in this period they closely monitor all the work submitted by the new online translator in order to reduce the risk of a fiasco.In their efforts to introduce themselves directly to online translation companies, online translators usually find it difficult to get access to the right person that matter. Most companies prefer outsourcing translation services better than translation agencies or online translators, that can offer comprehensive solutions. They look for online translators that can fill their translation needs.One of the best ways to find online translator jobs is creating your own website, there you can show the translation works that you have done, you can also join the social networks in order to meet people who are already making money as a on line translator, they can give you a lot
Generally speaking, the US Bureau of Labor Statistics recently found that 40% of those that quit their jobs were doing so because they simply felt a lack of appreciation, of teamwork, that the organization was perceived to not care about employees. Serious charges from 40% of the people.
As of February 2005, the average turnover rate in the United States was 3.1%. And while that number seems low, when you think about how many employed individuals there are in the United States alone that number can be staggering. And yet many organizations let turnover go undetected.
CEO’s just accept it as part of doing business in today’s competitive marketplace. But more cost conscious and successful organizations will see the negative cost factors that turnover inevitably will have on productivity, quality and service.
F. Leigh Branham
Some of the conditions for innovation may seem 'idealistic' and it is extremely unlikely that the perfect organisation exists. All of the key areas are important and it is useful to identify how effective organisations are and whether any aspects of the organisation are being neglected. This only gives a broad overview. To get a detailed picture it is necessary to look at how creativity and knowledge are used and managed.Team WorkDo people work as individuals or in teams, how effective are they, are teams multi/single function. An important factor is the degree of autonomy.Hands-on ManagementHow much interference is there by managers in every-day working and how prescriptive are they? What actions are taken when problems occur. Do managers take immediate control or do they trust the people working for them to resolve problems?Desire To WinIs there evidence of a desire to win, to beat the competition. Even though there may be insufficient resources to carry out a project or implement a plan there should be a 'yes and ..' culture rather than 'yes but...'. There should be evidence of doing everything that can be done to secure even the smallest advantage.Knowing How To WinOrganisations that know how to win will have a thorough unders
CEO’s just accept it as part of doing business in today’s competitive marketplace. But more cost conscious and successful organizations will see the negative cost factors that turnover inevitably will have on productivity, quality and service.
F. Leigh Branham believes there are Six Truths About Employee Turnover. They are as follows:
1. Turnover Happens
2. Some Turnover Can be Desirable
3. Turnover is Costly
4. More Money is NOT Always the Answer
5. Management Holds the Key to Keeping Talent
6. Reducing Turnover Starts with Commitment
All of the above information while general can also be applied to the profession of the project manager.
The Domino Effect
The loss of a project manager during any phase of the project can signal disaster. Many times while the methodologies for managing projects are set forth by the PMO (Project Management Office), individuals have their own unique system for completing tasks and organizing workloads. Therefore, the ramp up time associated with trying to decipher how an individual works can bring the project to a screeching halt. Project staff members find themselves asking the following questions after a project manager departs:
• Where did they leave off?
• Who were their contacts?
• Were they organized?
• Will there be ramp up time associated with understanding their job?
• Were they on schedule or will you need to bring the project up to speed?
• Is it more cost effective to divide the work or train someone new?
• Have stakeholders been notified of any new developments?
• Has the budget been adhered to?
In fact the departure of a project manager influences all of the following:
Scope – What needs to get done
Time – Ramp up increases
Cost – Overtime and training
Quality – Deadlines effect final outcome
Communication – Promises made cannot always be kept
Procurement – Poor choice of outside vendors
So how then can turnover be prevented among project managers? As we discussed in the beginning, 0% turnover is improbable. Limited turnover however can be viewed as desirable for organizations. For instance new employees are bound to bring new ideas and methods with them thus revitalizing what might hav
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