Here’s the scenario: You have finally secured that big project you’ve been trying to get for months, and while you know you’ve got a great project controls team in place to handle the job – – you will need to either hire new employees or contractors, or train internal staff.
While time is of the essence, establishing a new relationship with a contract planner / scheduler / cost engineer or hiring a new employee requires an investment of valuable time and resources. Additionally, especially in the case of hiring a new employee, you know how important it is to make sure that each new person added to the staff is someone with significant talent, skill and experience. It needs to be someone who will make a difference in the long run.
How do you know the best way to get great project controls talent, should you hire new employees or contractors, or train internal staff?
Training Internal Staff for new Project Controls Roles
Training internal staff has many advantages; in particular, management is familiar with the work ethic of the staff member and their overall potential, thereby having a sound basis upon which to determine their ability to move into a new role. An internal staff member is already familiar with the internal workings, expectations and culture of the company.
Additionally, a recent study conducted by Matthew Bidwell, assistant professor at The University of Pennsylvania Wharton School, revealed that new employees hired from outside of the company typically require higher salaries while actually receiving significantly lower marks in performance reviews during their first couple of years on the job. They are also more likely to get laid off, in comparison to individuals from within the company that are trained for new project controls roles.
Hiring a New Employee or Contractor
Hiring a new employee or a contract resource from outside of your organization offers opportunities for bringing in fresh, innovative ideas or talent. Recruiting externally allows you to employ individuals that have areas of expertise presently lacking in your current project team. These areas of expertise may be so highly specialized, making the concept of training an internal staff member impractical.
Of course, there’s always the challenge of finding good project controls talent in many industries where there are shortages of skilled project personnel. Finding people with the right skills, industry experience and a willingness to relocate to the project’s base is often a major challenge for any project controls manager in need of people.
But if you can find the right person that fits the bill, then you hopefully you can move quickly and get that project rolling. Time is money, as they say.
Adding it All Up
In conclusion, we’ve presented a number of advantages and disadvantages to hiring a new employee or contractor specialized in project controls, as compared to training an internal staff member.
As you build your project team, what do you think is the best way to get great project controls talent, hire or train? Share your thoughts with us.