Hiring a Project Manager for Your Business: The Full Guide

Hiring a Project Manager for Your Business: The Full Guide

Written by : CPS NETWORK



Not hiring a project manager can be detrimental to your business. It is important that you have someone managing all of the tasks, deadlines, and deliverables for you. However, only 23% of organizations used standardized project management practices.


How do you find a project manager that can and properly hire them? That's what this article is here to help with. We will cover everything from how to assess your needs, how to find the best candidate for the job, and tips on making sure they're qualified. Read below for some helpful information.


Benefits of hiring a project manager


There are many benefits to hiring a project manager for your business. First, hiring a project manager will be able to improve how your business operates internally. For example, a project manager can help you organize and streamline daily tasks (finances, managing teams, etc.) so that everything is running smoothly.

Next, hiring a project manager for your business could give it an advantage over other companies in its industry by allowing them to better react quickly to changes or events as they happen. You don’t have to manually execute tasks or strategies because it can be instantly handed off to your PM.

Lastly, when you hire a qualified project manager there's less chance of making mistakes since their sole focus is on managing projects efficiently from start to finish with minimal errors being made along the way.


How much does it cost to hire a project manager?


Hiring a project manager will cost between $50–$150 an hour. The typical rates and salaries for hiring these professionals are as follows:

  • Planner/Coordinator: $50-$100 per hour, depending on their level of experience and expertise; typically requires 20 to 30 hours per week at the minimum and higher if they're managing more complex projects.
  • Manager/leader: $80,000-$160,000 per year with extra expenses when traveling (it is estimated that this type of job usually ranges from 40 to 60 hours a week). The average salary for managers also appears to be right in the middle range of positions, making it one of the best options.

According to Talent.com, the average project manager salary in Canada is $90,000/year.

Keep these numbers in mind when hiring a project manager and understand its an investment. Project managers are able to drive more revenue for your business while taking away the stress of daily activities.


When should I hire a project manager?


You should hire a project manager when you are taking on more projects that your in-house team can handle. If this is the case, it's time to outsource! Hiring an outside company will allow for better management of all aspects and there won't be any conflicts with other teams within the business. Some businesses need project managers on a full time basis while others just need them at certain points during the year. It all depends on how many projects are currently underway or coming up soon.


How to hire a project manager


Next, let's discuss the steps you should take to hire the best project manager for your business.


Look for the right credentials and certificates


Education matters. Be sure to check on their resume or during interviews if they have certification from reputable organizations like Project Management Institute  (PMI).

If the person has no certifications, ask them if they are willing to take a class or training program to obtain one. This will cost money but it could be more beneficial in terms of hiring someone with the right credentials and certificates for your business needs. In fact, 85% of organizations will train and certify a project manager.


If you're looking at candidates that have certifications, look into how many hours were spent on courses and how long ago was the last certification taken. You want someone who can keep up with current trends without having outdated information.


Shortlist candidates that stand out


If you've narrowed down your list to a few candidates, it's time to have some final interviews. The goal of these is not only for you to get an idea of how well they'll fit into your company culture and work ethic but also how they feel about working with others in the organization (you will need their cooperation).

You want someone who understands that while what they do may be important there are other people on various teams that play integral roles too. They should have an appreciation for how those things all connect and don't wish to take over projects just because they're good at them or enjoy doing so.

This can be done by asking questions like:

  • What makes a good project manager?
  • How do you handle conflict among team members?
  • What do you believe makes an effective leader?
  • How do you motivate employees to perform better?


Work on a small test project


In some cases, you don't have to immediately hire a project manager full-time or with extensive contracts. Instead, you can test the waters. This is beneficial for both parties since neither have to dedicate themselves to anything long term before finding out if they're a good fit.

That's why we recommend starting on a small test project (paid, of course) to determine if they are a good project manager, suit your needs, and there is a good synergy between them and your organization. If so, you can onboard them as a full-time or contract manager.


Wrapping up hiring a project manager


Hiring a project manager is one of the best investments you can make for your small business. You should consider hiring them when you have too many tasks to handle and want someone who has experience in this area.

There are some traits that all successful project managers share, so be sure to ask candidates questions about these during interviews. It’s also important to know how much to pay them and what their qualifications are before they start working on your projects.

Want to hire project managers without all of the headaches? Post a listing on our job board today.