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 […]
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 No doubt, companies are having a challenging time managing them, and one of the biggest reasons for this is outdated record-keeping methods.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 […]
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 […]
Processing payroll can be difficult and time-consuming for any business. But nothing seems to compare to the challenges of construction and union payroll processing. Whether it’s tracking hundreds of unions across multiple projects, managing multiple pay rates and departments, properly applying multi-state and local taxes, or keeping up with compliance and reporting, construction companies face […]
As the construction sector grows, unifying data across fields, sites, and contractors is crucial to achieving end-to-end visibility into contracts, clients and financial books. But with most companies still using entry-level financial accounting software, which does not provide accurate project accounting.the issues in reconciliation of contract billing and costs at the end of the month and […]
As a construction company, how do you manage business finances? Do you use in-house systems or outsource this function to an external resource? The reality is that most businesses use a variety of resources to manage their financial accounting. The challenge of getting what is needed from these varied systems is even greater for the […]
We’ve all seen (or been) contractors or project managers relying on an Excel spreadsheet for construction project management. Excel is ubiquitous in the sector. But, if we’re being honest, using a spreadsheet for construction tracking is merely reflective of slower than necessary digital adoption within the sector. Globally the construction industry is one of the […]
Establishing a new building – either residential or commercial is not a small task. Since there are so many aspects of a construction project, be it design, exteriors, interiors, electrical fitting, or plumbing, it requires some legally-binding agreement. All the terms related to a construction project should be included in it so that the involved […]
