The U.S. Supreme Court's ruling in Connelly vs. United States requires that corporate-owned life insurance proceeds used for share redemptions upon a shareholder’s death be included in estate tax calculations, raising estate taxes and reducing heirs' proceeds. This decision impacts many businesses within the built environment, requiring companies to reassess their succession planning and […]
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World-class construction firms also recognize that the continuity of their companies depends on field supervisors, superintendents and project managers just as much as executives. It is imperative to put the organizational emphasis on individuals who are out in the field every day planning projects, setting goals, ensuring safety protocols are followed, training up-and-comers, boosting morale, […]
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Project managers sit at the nexus of your construction company. Be sure they have the training and skills necessary to drive the best possible outcomes for all your projects.
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Learn how an open, transparent and collaborative culture helps owners and construction managers create transformative projects.
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There is a clear link between companies with stronger financial rates of return and leaders with higher levels of self-awareness. Focus on developing your self-awareness and watch how it challenges and raises all the leaders around you.
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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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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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All too often companies cut investments in people development and talent management when times get tough.
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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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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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