Developing Talent: The Next Frontier for Project Managers
The talent and creativity of individuals are the next frontier for project managers to manage. Consider these findings from Manpower’s 2014 Talent Shortage Survey of 38,000 employers:
- 54% reported that talent shortages are impacting their ability to serve clients to a high or medium degree
- 37% of employers surveyed seek to develop the skills of every employee
- 23% of employers surveyed are providing additional training and development to existing staff to address talent shortages
The unique nature of project work presents a major talent opportunity. With some thoughtful planning, project managers can build the talents of their team members: a win-win-win outcome. The individual wins from gaining greater skills and the organization receives a completed project and more skilled employee. As project managers, we understand the importance of developing people. In fact, A Guide to the Project Management Body of Knowledge—(PMBOK) Guide emphasizes the benefits of developing the project team:
“Improving knowledge and skills of team members to increase their ability to complete project deliverables, while lowering costs, reducing schedules and improving quality.”
The Three-Part Model for Talent Development
PMI’s recently published report Developing Talent for Strategic Impact explains the practices of highly successful organizations in
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"That rainbow song's no good. Take it out." - MGM Executive Memo after first showing of The Wizard of Oz |