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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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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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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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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It’s been widely reported that the construction industry is increasingly challenged by a labor shortage. Construction business owners – faced with rising labor costs, quality issues and expanding project schedules – have seemingly few options.
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They say that construction and engineering are male-dominated fields, but is that really the whole story? To answer that question, we believe that leaders must look well beyond counts of employees from different demographic groups and gain holistic views of their organizations. For example, diversity metrics include measures that capture the characteristics of the workforce (e.g., the percentage […]
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Much has been written about millennials and how they differ from previous generations in their approach to work – and careers in general. Indeed, we see millennials often unfairly saddled with the dubious reputation for being entitled, disloyal, self-centered or optimistic go-getters, but it turns out that they are actually not that different from their older work colleagues.
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