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Look, we get it. We are all tired of hearing about employee retention. As business owners, we all know first-hand how important good retention is to our success. Especially in these uncertain times COVID-19 has brought. But what is not common knowledge, is just how fast the tools for employee retention are changing. One of the most important aspects now, is “A commitment to long-term employee happiness over short-term productivity” (Clay Kellogg). This can feel particularly hard when most of our business had to pivot to immediate productivity. Well, we are here to help make the commitment easier. How? By showing how project management can help make it a reality. Read below to learn 3 ways project management can help in your employee retention:
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New Skill Development
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Project management is one of the best ways to develop new skills among your employees. They get hands on experience which supports their growth in their own careers. This also helps your company grow and be better setup to face challenges. Most importantly though, when your employees develop new skills it helps in retaining them, as employees will feel invested in. The knowledge they gain from a good project manager will help them believe you are invested in their long-term career with your company.
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Common Understanding
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We’ve seen too often examples of lack of understanding between executives and employees. This can stem from not knowing the true pain points your employees face daily, or employees not knowing hard deadlines you are working against. This misunderstanding leads to disgruntled employees and poor retention. Project management helps solve the confusion. A good project manager works to ensure there is a common understanding across all levels of a company. That way, managers/executives can ensure employees true pain points are being addressed. Once again, addressing and showing you care about your employee’s long-term leads to far better retention.
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Communication
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Communication really is key, especially in employee retention. It is communicating in the right way that makes the biggest impact. Project management makes sure you and your employees have the tools and ability to do so. This is especially true when it comes to communicating across different teams/departments/divisions. Having strong communication helps to build loyalty from your employees. In turn, loyalty helps in your retention. More importantly, it builds longevity and the desire for it among your employees. Your job is to support them in staying.
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With the tools needed for effective employee retention changing, now is the time to look at your plans for 2021. Make sure you have the right elements included, so you can retain your key employees and attract the stellar new talent you need. One of the best ways to set yourself apart is by hiring a good project manager to help in the work. Make the investment and show your employees you are in it for the long-haul with them.
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Interested in learning more about project management and employee retention? Contact our team at Kim@QuantumMark.com today!
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