Lack of Career Growth affects Project Management
From an organization’s point of view there are at least 3 things to consider when talking about career growth opportunities within your company. Companies sometimes fail realize that not being able to provide decent career growth opportunities, run the risk of having a hard time managing projects. Here’s why:
No Commitment to the Organization
By not providing a clear career path to your employees they would be less encouraged to keep learning and excel. Employees will start caring less of for the business and solely on their monthly paycheck. Your employees will be less committed and determined to work and can ultimately affect the success of a project. People who aren’t committed won’t be productive either, which slows down your employee output, which in turn delays project deadlines or other deliverables.
Cannot reassign experienced employees to effective roles
Employees in general want to grow in their careers and bring more value to the companies they work for. However, if there’s no clarity on how one can grow, you would never be able to increase their output. They will have no useful training or preparation to fill more high-value roles for your company, and that’s a shame because your employees are the ones that know your business best. Hiring new people would take enormous amounts of time to train before they can start providing value.
Expensive Contractor Hiring
Due to the lack of in-house expertise and due to the fact that there’s no career growth, companies are forced to hire consultants to fill in the specific needed roles. However, depending on the nature of the project, it could be that external consultants are hired for long periods of time, making it expensive to run a project and running the risk of your project going bankrupt.
These are some quick points a company can keep in mind when relating career growth with project management. Having healthy career growth opportunities would allow existing employees, who by the way, already know your business, to become more valuable to the company, which in turn increases the chances of your project’s success. Managing the project with higher-caliber employees would also positively impact the velocity and completeness of your of project.