The High Cost of Employee Turnover among Project Managers

Summary:

Nothing can be more frustrating for a business manager than having to deal with employee turnover. High or low, it is detrimental to your organization. The reality is that the demand for experienced project managers is on the rise, yet less experienced personnel seem to be attracted to the profession. This is part of the reason why project managers are not always effective at their job--they simply are not properly trained in the field. While turnover among project managers is a serious problem, it simply goes undetected in many organizations. Most CEO's and managers accept it as part of the cost of doing business. But successful managers recognize the staggering costs that turnover can have and try to work to lower it as much as possible. This informative article covers the many potential causes for turnover among project managers, how to cope with it, measure it, and hopefully decrease it over time.

About the author

Thomas J. Mattus

Thomas J. Mattus is the president and co-founder of Successful Strategies International, Inc. (SSI). For more than seven years, SSI has been a successful learning, consulting, and mentoring organization that specializes in project management and leadership development.

Prior to forming SSI, Tom was involved with the startup of PCI Global Inc., a training organization where he remained for more than fourteen years. Tom brings to SSI more than twenty-five years of professional experience in training and business management and development.

As a corporate officer of SSI and previously at PCI Global Inc., Tom has worked with such Fortune 1000 companies as Johnson & Johnson Worldwide, Wyeth International, CitiCard, Marriott International, Sony, Standard Chartered Bank, Olympus, Cablevision, and many others to help resolve their project management and leadership needs, thus improving quality and performance. As an instructor, Tom has facilitated courses on such topics as project management, supervisory and sales management.