Nothing Like an Economic Recovery to Put a Damper on Your Project

Joe Wynne is a versatile Project Manager experienced in delivering medium-scope projects in large organizations that improve workforce performance and business processes. He has a proven track record of delivering effective, technology-savvy solutions in a variety of industries and a unique combination of strengths in both process management and workforce management.

 

Call me a Negative Nellie, but there is unmistakably a workforce issue that could surprise you. The good news is that the economy is improving. The bad news is that your best employees are leaving.

New Opportunities...To Leave You in the Lurch
To you, a growing economy may mean a more stable budget for your project. It may mean less pressure to cut costs or resources. It could even mean you get better participation from stakeholders. These are all very nice.

But there is at least one potential downside that can ruin your day: Your high performers see more opportunity to leave. Don't be offended--it's probably not your fault. While your company has been trying to reduce costs, individual workers have been asked to do the work of two or three. Benefits have been reduced. Salaries have been stagnant. Many high-performing employees remember the good old '90s when they had it made with higher salaries and numerous benefits.

What does all this mean? It means that your best workers are hearing about the improving job picture and are looking around. They are seeing opportunities opening up in small businesses and in industries that are expanding more quickly. The high-performing are putting out feelers and networking on their own in association meetings, parties, etc. They are looking for companies which do not have the constraints that they …

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