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 believe your construction company can achieve sustainable growth with manual processes and disconnected systems, it’s time to reconsider. While new companies might find initial success without technology, that approach has a ceiling. As your company matures and expands, it becomes clear that the only way to survive and thrive is to build your […]
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 […]
In the context of payroll processing, Microsoft Excel has been a standard, universally employed tool. It promised to be easy to use and offered capabilities for companies that didn’t deal with complex labor or tax laws. In the past, advanced payroll software was also not easily available, and what was, was just too expensive. But […]
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 The situation gets further complicated by outdated payroll systems.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, […]
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 […]
