Transitioning to an employee stock ownership plan (ESOP) means a period of big change for a company. It’s also the best time to rethink the company board. In this paper we provide best practices that company leaders can take to build an effective ESOP board and ensure a successful transition.
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The way companies transition leadership at the executive level remains a critical indicator of future success and business stability.
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With the labor shortage continuing in full force in the engineering and construction sector, companies that put time, effort and resources into developing a strong corporate culture are attracting top talent, reducing turnover and increasing employee productivity.
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Field positions are the hardest to fill. Discover top challenges for field leaders and how to invest in their development.
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The talent cliff if looming, with 93% of construction industry respondents saying they're having trouble finding qualified talent. Discover more insights into the state of E&C industry talent.
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In mid-2020, FMI partnered with the Construction Financial Management Association (CFMA) to survey construction executives on their ownership transfer and management succession (OTMS) plans. The results presented are based on almost 250 responses.
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Payroll budgets account for one of the largest company costs. In times like these, it is as important as ever to pay careful attention to compensation planning and payouts.
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The emergence of a global pandemic and its associated chaos has turned traditional board wisdom on its ear. Analysis, decision-making and action can no longer wait for a quarterly gathering. Instead, boards must match the pace of marketplace changes resulting from shutdowns and stay-at-home orders.
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While it’s critical to lead your company effectively today, it is also equally as important to have strategies in place for when this period of pandemic-related uncertainty ends. When facing a crisis, leaders focus a disproportionate amount of their time on the “here and now” issues and limited time on preparing for organizational recovery. Thinking strategically about this new future […]
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The firms that have a proactive restart strategy for all their projects will be the most successful in achieving superior performance results and mitigating impacts from the pandemic.
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