Don’t Just Train Your Workers: Build Construction Intelligence
Making a strategic financial investment in the development of your employees will generate a financial return, maximize the use of employee time and increase productivity.
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Quick Reads
Invest in Your High-Potential Employees as Part of Succession Planning
By identifying high-potential team members and developing them to take on their next roles, companies can build a consistent culture of leadership and sustain that through the succession process. These development efforts, paired with open dialogue early in the succession process, ensure E&C firms realize the benefits of quality succession planning.
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Thinking Ahead: Breaking Down the Details of the Infrastructure Investment and Jobs Act
The Infrastructure Investment and Jobs Act (IIJA) is expected to fund $1.2 trillion dollars in engineering and construction activity over the next eight years. While exciting, companies will see opportunities as well as challenges when it comes to putting the money to work. Here we look at some of the details of the funding.
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Thinking Ahead: Understanding the Hidden Risks in Your Backlog
We’re seeing lackluster, albeit mixed, nonresidential building construction spending growth in 2021 while prices are climbing at a breakneck pace. Implications suggest a steep decline in real construction activity, likely masked by higher-priced contracts. However, unemployment is low and companies are seemingly in a frenzy to hire, creating some confusion about where the industry will be in the […]
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The Truth About What You Should Pay Your Construction Industry Workforce
The topic of conversation across many industries continues to revolve around employees and how to retain your workers. For many companies, the initial reaction is to raise pay, something that employees are also requesting as the competition for labor remains high, inflation hits 6% and heath care costs continue to soar. Given these pressures many firms, especially those in highly competitive or […]
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Thinking Ahead: Infrastructure Bill Passes, Project Delays Aren’t Free
With inflation hitting a 30-year high in October, a 6.2% annual increase, concerns about the rising costs of materials, labor, consumer goods and other inputs are quickly becoming top of mind for most executives.
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Harnessing the Data Advantage in Engineering and Construction
Recently FMI partnered with Autodesk to survey more than 3,900 industry leaders on how engineering and construction (E&C) companies can gain a competitive advantage by adopting a data strategy.
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Understanding the Growing Design-Build Market
FMI’s new analysis of the design-build market forecast for the next fives years shows that this delivery method will continue to grow, despite challenges from the COVID-19 pandemic.
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Five Reasons to Focus on Operational Excellence
Do you have a leading operations program? No matter how profitable your company, you can always improve your operations to make sure you’re ready for good times and downturns. In this article, FMI’s Gregg Schoppman details some of the reasons why you need to pay attention to your operations now.
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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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