The Surprising Truth About Employee Turnover
Employee turnover is a major issue, especially at small to mid-sized companies where the cost of losing employees is a lot to bear. Retaining employees means ensuring their success within your organization.
The Third Phase of the Resource Management Lifecycle: Execute
The Execute Phase of The Resource Management Lifecycle begins the moment that the project is won, the resources are scheduled, and a project plan is set into motion.
The Second Phase of The Resource Management Lifecycle: Plan
In the Resource Management Lifecycle there are five phases that mirror the project delivery lifecycle from inception to analysis: Estimate, Plan, Execute, Analyze and Optimize. This blog will discuss the second phase of the Lifecycle, The Plan Phase.
The First Phase of the Resource Management Lifecycle: Estimate
The Resource Management Lifecycle begins with the Estimate Phase and is dedicated to setting your project up for success. Estimation occurs prior to the start of a project and is intended to ensure that the project is proposed to an organization or team.
What is The Resource Management Lifecycle?
In our most recent ebook, The Definitive Guide to Resource Management, we have introduced a new, end-to-end framework for dealing with the complexities of resource management that are faced by services organizations today.
Three Experts Weigh In On The Best Resource Management Techniques
At Mavenlink, we work with thousands of profitable companies that are growing fast. To accommodate their rapid growth — and remain profitable — our clients have to manage resources skillfully.
A First Look Inside The Resource Management Lifecycle Model
Today, we can definitively state that we are in a services economy. The services sector, including professional services, marketing, IT, and consulting, to name a few, has experienced an epic rise in demand in the last decade.
The Benefits of Artificial Intelligence on Workplace Productivity
In a recent study, Forrester Research predicted a “greater than 300% increase in investment in artificial intelligence in 2017 compared with 2016.” The benefits of artificial intelligence on productivity are incredible and we are in a moment in time where the possibilities are becoming quite endless.
Trendsetting Companies That Are Nailing Employee Recognition
The American workplace has changed. For better or worse, hiring the right people is no longer the holy grail it used to be—it’s just a start. Now, more than ever, employee recognition is a key ingredient for reduced turnover, increased profitability, and overall success.
The Future of Work Series: The Best Freelancing Sites for the Gig Economy
The makeup of the global workforce has—and continues to—respond to the increased demand in short-term, specialized workers. In fact, the Intuit 2020 Report recently predicted that 40 percent of American workers that will be contractors, service providers, and freelancers by 2020.
How to Reduce Employee Attrition Before You Lose Profits
High employee attrition costs way more than you think. A study by the Center for American Progress recently found that the cost of employee turnover for a single worker can add up to more than 16 percent of their annual salary, and for un-salaried employees it can come to a whopping 213 percent of their wage especially when it comes to individuals with specialized training.
Eight Tips to Immediately Improve Client Relations at Your Services Organization
The services industry has an innately unique business model that does not offer tangible or manufactured products for profit. Instead, service organizations leverage their talented network of consultants and employees to provide time, skill, and expertise to an outside party.
13 Super Simple Ways to Show Employee Appreciation Without Breaking the Bank
According to a study by Gallup, “The number one reason most Americans leave their job is that they don’t feel appreciated. In fact, 65% of people surveyed said they got no recognition for good work this year.” It seems simple enough—if you show your employees you appreciate them, they will in turn be more engaged and less inclined to leave your organization. However, finding unique and inexpensive ways to appreciate employees has gotten increasingly difficult as recognition programs have...
Five Business Hacks for Effective Resource Planning During the Holidays
The holiday season is a scheduling headache for all businesses, but leaders in the services industry face unique challenges. It’s nearly impossible to complete projects efficiently, on-time, and on budget, if you do not have a handle on resource scheduling and capacity. During busy holiday periods, you have to schedule around company holidays and vacations, and overall availability drops. As a result, it's likely that your revenue will decrease, and your ability to deliver client work will...
