Why Investing in Your Emerging Leaders Now Matters More Than Ever
All too often companies cut investments in people development and talent management when times get tough.
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Quick Reads
Compensation Planning: Going Beyond Battening Down the Hatches
Depending on which direction the economic recovery moves in, here’s what E&C firms can do now to prepare for the future, including compensation planning.
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5 Ways to Ensure Succession Transitions
A preparation process that can take years to fully develop and implement, succession planning has become a hot topic in today’s labor-constrained work environment. Not only are new, qualified workers getting harder and harder to come by, but also some of the most talented veterans are exiting the labor force and heading off into retirement.
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Gain the Advantage: Diversify Your Corporate Board
Over the years, we have found that bringing in external directors to diversify the boardroom brings with it a plethora of benefits.
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Building an Enduring Organization in the Engineering and Construction Industry
Whether your organization has a completely unclear vision, or whether you have some of the elements in place but haven’t arrived at “visionary” status, it’s worth considering your next move. In times of uncertainty and complexity, leaders and companies that have a clear vision that all employees can see, feel and align with will have an advantage over those that are unwilling to invest the […]
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But They’ll Never Retire: Overcoming Management Succession Procrastination
When construction executives speak of making an effective leadership and ownership transition, they often use the term passing the baton, conjuring an image of a tightly coordinated, intensely practiced transition happening smoothly and effortlessly at high speed. However, if most actual transitions looked like a relay race, the baton would spend more time on the track than in the hands of the…
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Building the Next Generation of Leaders
In engineering and construction (E&C), high-potential programs meant to attract, cultivate, and retain key employees have garnered increasing support over the past few years. The diminished labor pool, retiring baby boomers, and overall rise in project volume have come together to drive this trend.
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Take Your Team Leadership to the Next Level: 3 Core Elements to a High-Functioning Team
Take a moment to think about the best team that you have been part of. What made this such a great team? Over the past five years, FMI has spent considerable time studying the nuances of teams.
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5 Ways to Develop a Continuity Mindset That Endures
Sound planning and preparation are key to a successful transfer of ownership and continuity for building product manufacturers.
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Supporting a Leadership Transition When You Aren’t Picked: How to Prepare Yourself and Others for a Change at the Top
With nearly 50% of CEOs in engineering and construction looking to transition out of the business within the next five years, you’ll likely see a leadership transition at your organization. How you respond to the change matters.
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