The construction industry is coming around to the fact that age is not an indicator of job performance. It is no longer an aberration to see construction employers hire candidates who are in their late 60s, 70s and even 80s.
As we move from one phase of life to the next, our priorities naturally shift. It stands to reason then that our careers are shaped by the transitions we make in our lives. For example, the lifestyle and career goals of a 25-year-old are going to be very different from those of a 55-year-old.
Drive Sales and Increase Profits Construction Contractors and Materials Suppliers Must Understand Clients to Improve Sales
People have been trying to simplify and improve the sales process since cavemen started peddling flints and arrowheads. It’s amazing how little the art of selling has changed—even as the life of the customer has gotten more complex and difficult.
“Safety – it’s all I ever hear about anymore. I just want to build buildings and do my job.” This was a direct quote heard at a roundtable discussion with the leadership team of a large construction firm.
If business owners have found themselves in the position of needing to hire a new project manager for their team, congratulations! Not only does this mean they are doing well enough to afford to bring on a new employee, but also that they have a new opportunity to re-energize the project team with fresh, savvy and competent leadership.
As construction companies look to expand, it’s imperative that forward-thinking executives consider adopting modern approaches that transform business functions and drive growth. The availability of state-of-the-art technology and easy access to data provides construction companies of all sizes with unique solutions that allow them to grow exponentially.
Act Quickly to Avoid Losing Top-Tier Candidates to Competitors Construction Employers Must Act Quickly to Recruit Top Employees
Construction industry employers are competing against each other to hire the most qualified people. Very few top-tier candidates are actively searching for new positions on the market. A majority of the most valuable candidates are passive. Passive candidates only become open to the idea of changing jobs when an extraordinary career opportunity comes to them.
How to Build a Successful Company Culture Understand, Measure and Create a Culture that Leads to Increased Construction Industry Success
Culture is the values, beliefs and methods of operation that drive revenue, create employee engagement and attract and retain only a business owner’s favorite and most profitable kinds of customers. It is the essence of how business is done. It is the way a business operates to contribute to the bottom line.
For businesses in the construction industry, the success of any project depends on the skill of the team working on it. To improve business outcomes, employers must build strong, talented workforces by recruiting and retaining the right candidates, developing the potential of current employees and taking numerous other steps to achieve workforce excellence.
Watch Out for Bad Boy Guarantees in Commercial Real Estate Financing Construction Contractors Must Understand Common Liability Provisions in Lending Agreements
There was a time when non-recourse financing for commercial real estate projects protected borrowers against personal liability for a loan gone bad. Lenders would look solely to the underlying assets of the project to recover losses when a loan defaulted. However, as times have changed, so too have these protections.
The construction industry is in the middle of a time of rapid growth. A hot market is the perfect environment for construction companies of all sizes to take a step back, get a sense of the big picture and strategize ways to grow by branching out into new types of projects.
As communities shift their focus to building “smarter” cities, a huge opportunity exists in the construction industry. In fact, 37 percent of municipal leaders prioritize “smart buildings” as an area for future investment, according to Smart City/Smart Utility, a 2017 Strategic Directions Report by Black & Veatch.