It is no secret that labor participation in the built environment has long been male dominated, but increasingly that is changing as more companies in the engineering and construction (E&C) industry work to attract, engage and retain more women in their workforces. In the context of the sustained labor challenges facing the industry, the underrepresentation of women in the E&C workforce highlights […]
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With 2024 underway, some company executives may think it’s too late to make changes to their incentive compensation plans. You still have time to consider critical topics and tweak plans to make sure you’re rewarding employees effectively.
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Even if you can't control external factors that are effecting productivity, there are several best practices for managing and controlling these that can produce long-term gains.
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As you reflect this holiday season, and as we embark upon a period of economic uncertainty with heightened search for construction talent and growing complexities ahead, who is in your corner? Who are your trusted advisors? Who is in your peer group?
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With a tight and competitive labor market, making sure your engineering and construction firm's compensation is aligned with the industry is more important than ever. Discover insights from our latest survey data.
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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 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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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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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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I think that after you read the 2018 “New Day, New Mindset– Rethinking Offsite Construction” Owner Survey that FMI, CURT and CII have put together, you will take away some powerful themes that jumped into my consciousness.
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