A lack of effective data sharing and simple communication can have a snowball effect on construction companies. Take, for example, what happens when a construction manager hires a contractor to install fiberglass in a new million dollar project. The contractor, who is paid hourly based on time in the field, arrives to the construction site […]
Today’s construction companies are turning toward the quickly evolving field of emerging technologies. Beyond turning toward construction management software to improve cost estimation, strengthen project coordination and increase collaboration throughout entire project, construction companies are also shifting labor-intensive jobs into digitally centered roles. Improving construction efficiency, however, isn’t restricted to the field. Rather, HR and […]
Construction projects are getting bigger and more complex. Add to it mounting pressures of labor and material shortages and increasing costs. No doubt, companies are having a challenging time managing them, and one of the biggest reasons for this is outdated record-keeping methods. The inability to track and monitor construction projects across materials, progress made, […]
Within the next five years, ninety-five percent of all workloads will be in the cloud. Facing disruptions from job automation, talent shortages and remote work trends, advanced technologies and cloud computing is becoming the preferred way of doing business. Human resources and payroll processes are not exempt. In fact, 56% of companies are redesigning their […]
An Iowa construction firm owner recently pleaded guilty to a payroll-linked legal challenge. Reports claim that the owner withheld over $1 million in payroll taxes. Unfortunately, there’s nothing unusual about reports like these in the construction industry. The question is, why? The administrative challenges of managing multiple construction trade unions and contractors for construction projects can get quite overwhelming […]
The construction sector often engages several contractors for every project to supply skilled laborers in multiple domains. While engaging general contractors is not a new thing, complexity arises when union payroll comes into the picture. With employees being free to be a part of any union they favor a construction project may involve workers affiliated […]
Standing out in an increasingly crowded global marketplace can sometimes prove to be a bit much. A hyper-connected economy and rising and evolving customer expectations are keeping businesses across verticals on their toes and increasing the need for business-impacting digital solutions. The construction sector is, like all others, a highly competitive and demanding place. In […]
There’s a broad spectrum and diversity of roles within the construction industry. This can be an administrative nightmare when it comes to managing operational, staffing, and welfare initiatives. Payroll, obviously, forms a critical part of all these activities. In the context of payroll, you also need to add in the presence of unions and the […]
The administrative challenges of managing multiple trade unions and contractors for various projects can become overwhelming — as can calculating and processing multi-tiered pay rates. This makes the process of union payroll processing confusing, time-consuming, and tedious. Managing hundreds of trade unions efficiently and administering prevailing wages for thousands of craft can put payroll managers […]
Technology advancements are paving the way for one of the largest industries in the world, the construction sector. As emerging technologies reshape the construction industry, construction companies are reaping the results from eliminating long-standing inefficacies and low productivity. Despite construction being known as one of the lesser digitized sectors, industry leaders are embracing the challenges […]