Winning with Talent Management: Three Real-Life Examples

The wrong person in the wrong role costs real money.  Studies suggest bad hires cost 250% of the role’s salary. In other words, a bad $100K hire will cost you $250K! And when it comes to  the cost of a bad project manager, look at it this way: , what was the size of your last failed project: $1 million, $10 million, $100 million?

You win the talent game with the best talent. But how do you identify “best”? PM College has a tried-and-tested Competency Assessment Program that helps you find and develop the best project managers. Three of our leading clients are using it to get a competitive edge:

“We want to offer learning and development that our talent really needs.” Talent development and training are two critical drivers of job satisfaction, loyalty, and engagement.  These are the sweet spots for our assessments: to develop and sustain superior project management performance.

PMO leaders at a long-time client need to target their training, thereby eliminating unnecessary training programs. The PM College assessment program will do this, ensuring more return from their learning investments. They also want the assessment to  not only discover project managers with the most potential, but also to inform job assignment and development opportunities.

“We need to make sure that new hires can deliver our projects.” Bad hiring decisions drive eighty percent of employee turnover. Another PM College client requires absolute on-time delivery for every project: a hour late is a crisis; a day late can be a national disaster.  Their project managers need to be the best of the best … from Day One. Catching a single bad hire before the offer letter will provide a huge and immediate payoff.

We are working with this client to develop a profile of the ideal candidate, based upon assessments of their current staff. PM College will also use this profile to develop a set of interview guidelines to evaluate candidates on the most critical personality and knowledge topics, in order to target development plans for current project managers.

“We work in an emerging, fast-growing industry.” Organizational agility defines today’s most admired and innovative project-driven organizations. We are working with a global client to extend our standard assessment to cover two additional competency areas: industry and organizational knowledge. Just as PM College can deliver custom learning, we can also create custom assessment packages at a great value. This client will use the results to verify that its current – and future – project managers can keep up with its explosive growth and unique culture.

Are you ready to find, develop, and hire better project talent? Contact PM College now

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3 Responses

  1. It takes time and effort to attract and hire the right candidate, but it’s well worth it. It’s better to spend the extra time up front than need to repeat the process when a hire isn’t a good fit.

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