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.
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.
Create a Long-Term Career Strategy The Hot Construction Market Provides a Great Time for Employees to Reconsider Their Career Plan, and Employers Should Be Prepared
The construction industry is in a hot cycle right now. The economy is growing and a steady stream of new projects are keeping construction professionals busy across the United States.
Filling the Construction Skilled Trades Gap Educating High School Students and Parents Is Key to Attracting New Talent
In today’s world, technology is everywhere. Children are mastering digital devices at ever-earlier ages. While technology is critical to many jobs, certain robust industries also require a skilled trade. Unfortunately, these industries are struggling to find the skilled workforce to fill these well-paying positions. The construction industry faces a projected job shortage of more than 90 percent, according to a recent report published by the Conference Board, a 501 non-profit research organization.
Recruiting and Retaining Top Construction Industry Talent Leverage a Strong Portfolio, Company Culture and Advancement Opportunities to Build Your Best Team
There is no question that it is more difficult for construction and related industry firms to attract the number of candidates needed to fill today’s positions and to build managers for the future. For companies in remote or less developed regions, such as much of Northern New England, this challenge can be compounded by the lure of higher earning potential in bigger cities.
Between 240,000 and 360,000 military members transition to civilian life each year. The shift isn’t always easy, leaving many veterans unemployed. To help put them to work, more than 100 construction industry organizations—including Associated Builders and Contractors (ABC) and many of its members—pledged in 2014 to employ 100,000 veterans by 2019. Continue »
After several years of increasing demand, construction firms are expanding their payrolls in almost every market segment. They are optimistic about growth in the retail, warehouse and lodging segments, as well as demand for manufacturing, energy and hospital construction. They also are ready to purchase and lease new equipment. Although the outlook is optimistic, construction firms face a number of significant challenges. Foremost among those challenges is the growing shortage of qualified workers to fill available positions.
Businesses in the construction industry are missing the advantage of providing cooperative workplaces that reflect the demographics of the society they serve. The construction industry is the second largest grossing industry within the United States, yet women construction company employees are substantially underrepresented.
One of the biggest costs in construction is a company’s workforce. The combination of the recent economic downturn and worker shortages made construction companies leaner and more efficient, so minimizing unnecessary workforce expenses is key to profitability.
Hiring for and developing soft skills is critical to having high-performing, long-term employees. Business leaders can teach many aspects of a given job, but find it hard to identify and quantify soft skills.
With the labor shortage upon us and the economy beginning to recover from the recession, workforce development is a huge topic of conversation in the construction industry. Following are a few ways contractors can deal with growth and the exodus of the baby boomer generation from the trades.
When determining where to invest limited dollars these days, it is critical for every penny spent to provide a return on investment (ROI) above what other investments could deliver. Every dollar spent on one part of the business takes away investment in another. That’s why each employee hired must contribute to the bottom line of the business.