Project Management

New Competitive Marketplace for Workers

From the Eye on the Workforce Blog
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Workforce management is a key part of project success, but project managers often find it difficult to get trustworthy information on what really works. From interpersonal interactions to big workforce issues we'll look the latest research and proven techniques to find the most effective solutions for your projects.

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InformationWeek is out with its 2007 Salary Survey, and there are a few workforce trends away from previous years. I’ll deal with more of these in upcoming posts. What we are interested in here is what workers want, so that you can manage your project workforce better. According to the survey, more workers are feeling confident about their jobs and fewer are feeling insecure. This has led to higher expectations, so you may have to adjust how you attract workers to your project.
 
Perhaps you have taken the attitude that workers should be glad they have an opportunity in your project in the first place. Certainly this has been generally true in previous years. If so, it may be necessary for an attitude change if you want to capture the best candidates for the job. To get those desirable workers, expect to provide more information on benefits of working in your project. You’ll have to create a project description that plays up what they want to hear. You may have to budget more money for salaries. In more extreme cases, you may have to adjust the job description to nab a particularly hot candidate.
 
Another study of corporate leaders discussed in previous posts also suggests that technical workers are becoming harder to find. It looks like you should be preparing for a more competitive marketplace for workers in the coming years. The only relief may be intensifying merger and acquisition activity. Maybe you should get recruiters hanging around like scavengers outside of companies in acquisition talks.

Posted on: May 07, 2007 09:17 AM | Permalink

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