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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Originally printed in CFMA Building Profits Magazine, January/February 2018 edition. Developing and engaging employees, as well as managing their performance and providing clear direction for their careers, are critical steps toward company success. However, achieving that goal in today’s tight labor market has become exceedingly difficult. While the national unemployment rate hovered…
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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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A look at how building product and building material manufacturers can gain competitive advantage by getting involved with more design-build projects.
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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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Today’s economy continues to offer extensive growth potential for engineering and construction (E&C) companies. Yet, a shortage of available resources can ultimately limit organizations’ abilities to maximize these opportunities.
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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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The most successful companies in the building product manufacturing space are constantly monitoring the market and staying abreast of the most recent trends. They try to best prepare for what the future will look like in the market and how the company will compete.
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When a company takes on the process of building a new building, the first thing that everyone wants to see is the plan. What does it look like? How will it start? What is the final goal? What will be the process? These are normal and appropriate questions if we want to see progress and eventually end up with a successful project.
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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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