The construction industry may well be at the top spot if we were to rank industries on the basis of complexity in compliance. It is easy to assume that the sector follows very simple workflows, and hence compliance shouldn’t be too much of a problem. But the reality is far from this notion! Many areas […]
Construction companies on the path to enhanced efficiency are quick to automate processes, bring in new workforce productivity solutions, and up their analytics game. However, few people realize that if there is one function that requires immediate attention, it is payroll management! Effective payroll management is a crucial aspect of every business, especially in the construction […]
With the construction industry subject to the tectonic shifts hitting the wider economy, the challenges plaguing the sector are only growing. It’s now fair to assume that not having the right tools and technologies in place can affect the ability of construction companies to process orders, provide services, send invoices, or track payments. As the […]
Inaccurate payments stemming from incorrect payroll decisions. Delayed salaries. Leaked data. The administrative challenges that construction companies face are many. The existence of multiple construction trade unions and contractors for construction projects and complex working arrangements doesn’t make things any easier. The situation gets further complicated by outdated payroll systems. Relying on legacy payroll systems […]
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 No doubt, companies are having a challenging time managing them, and one of the biggest reasons for this is outdated record-keeping methods.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, […]
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 […]
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 […]
