How Construction Companies Can Turn to Technology to Deliver Projects in the Face of Labor Shortages
A few months before the pandemic rocked the world, Construction companies were looking at the promise of good times to come. The construction industry in the US had generated $900 billion in revenue and employed more than 7.64 million people before the pandemic. The engineering industry had generated $103.24 billion in revenue. However, the situation changed drastically during COVID-19. […]
At one point, the biggest concern regarding the future of work was that machines would replace employees. Then the pandemic happened and accelerated the future of the workforce, proving that remote work was possible. As organizations attempt to pull employees back into the office 16 months later, they are struggling with turnover and retention. Recently, […]
Any CIO of an Engineering, Procurement or Construction (EPC) company knows that the tools and solutions they utilize for their payroll need to be specific to the EPC world — construction payroll is simply not the same as any other industry. EPC companies are dealing with multiple stakeholders, including contractors who work within labor unions. […]
Today, more than ever, companies are investing significant dollars in marketing efforts and spending valuable hours crafting and establishing their vision, mission, values and personality. While establishing branding guidelines, ad budgets, content creation and a digital presence is needed to gain a competitive edge in today’s market, companies are often overlooking a key driver to […]
In today’s rapidly changing technology market, it’s nearly impossible for your IT department to keep up with the latest trends and offer specialized services and relevant technical expertise for each industry. Choosing the right technology partner helps keep your business competitive and flexible, while growing your company’s portfolio and inspiring creativity. It is important, though, […]
Many industries including the construction industry are already struggling with a skilled labor shortage. Hence, effectively engaging newly hired employees with the organization, and introducing them to on-the-job safety information as well as the tools and information they need to be successful takes on greater importance. Add to it the fact that 33% of new employees quit a new […]
While investing in new shiny software is certainly the trendy thing to do right now for CEOs, simply launching digital initiatives and hoping they deliver business results is not enough. In fact, launching digital initiatives without a clear roadmap and a way to accurately measure their effectiveness could lead to a colossal waste of time […]
Most companies act as if an effective performance management system simply tracks and measures its employees’ performance. Those companies are wrong. In today’s workforce, employee engagement is a huge undertaking. Simply focusing on a performance management system to consistently track and manage performance appraisals for their own sake will only lead to unengaged, unmotivated employees. […]
For today’s job sites, talent makes a huge difference. Construction companies rely on people to deliver quality, timely service. Without skilled and certified craft, projects halts, stakeholders suffer and the bottom line diminishes. However, this is easier said than done – hiring is time-consuming, talent is scarce and commitment can often be short-term. Investing in […]
Since the start of the pandemic, companies and industries alike have raced to accommodate remote working and adopt new, digitally driven processes. With deployment of remote work on a never-seen-before scale, studies have shown that industries have jumped five years forward in consumer and business digital adoption in just eight weeks! Despite vaccine rollouts and […]