The construction industry is quite complex and unique in its operations. A widespread workforce, ample compensation structure, and multiple employment rules and work classifications necessitate smart systems to make payroll management easier. However, effective payroll management that contributes towards higher worker satisfaction and engagement often ends up being a challenge. Of course, most construction companies […]
CEM Business Solutions has just released our latest software update for our construction Daily Log, called Daily Log 2.0. This updated version promises to revolutionize timekeeping for project managers, allowing for greater accuracy and automation in the tracking of employee hours. Here are some of the biggest changes from the previous Daily Log: Kiosk Shift […]
Payroll and benefits administration is often one of the most challenging departments in any business. While a larger workforce represents a huge challenge in payroll management itself, the issue becomes complex when there is further diversification of wage codes or categorization of workforce billability. But it’s in the construction industry where the true scale of […]
Effective project management helps ensure that all the tasks in any project, irrespective is size and scale, progress smoothly. Project management makes project delivery speedier and helps create the circumstances in which better decisions are made. A study reveals that organizations lose out on at least 12% of their resources due to poor project management […]
Globally, we are seeing increased investment in construction projects. But despite billions of dollars being pumped into construction projects, there have been massive delays in the completion of these megaprojects. In fact, according to a 2020 report by McKinsey, the construction sector accounts for 13% of the global GDP – but has seen a meager 1% […]
What’s New in Project Management in Construction? Just as the construction industry is recovering from the pandemic’s aftermath, the increasing material costs, crushing deadlines, and labor shortages have started posing new challenges. According to ENR’s research, 100 construction management firms were at risk last year as they struggled to keep the project moving and stick to schedule […]
According to a recent study, 85% of project owners in the construction industry are digitizing their internal processes, and 70% are already instructing their contractors and sub-contractors to use digital flows, documentation, and collaboration practices. It is a huge step because the construction industry has not particularly been an early adopter of digital technology. The industry has, […]
While announcing a slew of measures to improve the economic outlook of the country, President Biden announced in February of 2022 that all federal projects over $35 million in value need to follow Project Labor Agreements (PLA). But even before this announcement for federal projects, the construction industry witnessed a massive push by the administration to execute […]
Even in an era where layoffs are common, the shortage of skilled labor continues to be a top concern for companies in the construction space. While the growing skills gap is one of the major reasons for this shortage, labor disputes also have an impact. Disagreements regarding conditions of employment, benefits, hours of work, tax […]
If you think your construction company can achieve growth and success through manual processing and ad hoc systems, think again! For small companies at the start of their journey, growth might come easily – even in the absence of technology. As your company matures and expands, it will become evident that the only way to […]