Is your company considering hiring a project manager? When is the right time to do so? Hiring too early can leave your company financially stretched if the company isn’t ready for it, but waiting too long could put your business behind. The following are three points to consider that will help you define when to hire a project manager.

1. Your team needs guidance with project execution.

Most businesses are composed of several departments, which require someone to develop, manage and execute the projects in each specific area. A project manager will provide your team with organization, leadership, and guidance. If this is something your company needs, it is important to recruit someone with experience managing large-scale projects from the gathering phase to completion, and with the skills necessary to lead the team.

2. The team needs more direction and accountability.

Project managers are responsible for communicating with different team members, departments, and the executive team to keep things on track.  They delegate and handle a large variety of situations in order to keep things running in their department.

For example, according to research, 50% of the workforce will consist of remote workers in 2027. However, even a distributed team situated around the globe needs direction and accountability. Having a project manager with the leadership skills necessary to provide direction and hold your team accountable is significant to the stability of a company.

Whether your company offers remote work or not, it is important to recruit professionals who understand how to handle your company’s unique needs.

3. You don’t have the time to manage the day-to-day.

Depending on the type of business, day-to-day management may steal several hours of your day. As the business owner, there comes a point where you have to step away from operations and focus on other areas of the business.

If your company is growing and as a CEO you no longer have the capability to focus your attention on the new areas of your company, this might be an indicator that it’s the right time to hire a project manager. 

You might be interested in these other posts about hiring a project manager:

How to Hire a Project Manager

What to Pay a Project Manager

What to Look For in a Project Manager

Y Scouts is a purpose-based, performance-proven leadership search and development firm focused on transforming how people and organizations connect to work that matters. When you’re ready to hire a new leader, Contact Y Scouts. If you are looking for your next leadership role within a purpose-driven, performance-focused organization, please join the Y Scouts Leadership Community.

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