Monthly Archives: February 2013
Posted on February 28, 2013 by FMI CorporationPreparing to Lead Tomorrow’s Workforce Today By Kim Morton There are many clear and immediate impacts of the Great Recession in the construction industry. Nearly all leaders face the challenges of dwindling backlogs, fierce competition leading to seemingly irrational pricing and a more demanding client base. As painful as these issues are for leaders, it is the next generation of leaders who will feel the effect of this recession most deeply. Consider how the events of the past four to five years will shape the values, beliefs, expectations and ultimately the leadership style of a typical employee who reaches a level of significant leadership responsibility in the year 2023. Most leaders tend to overestimate the amount of change that will occur in the short term, while underestimating the change that will take place in the long term. As the design and construction industry executive begins to imagine the world of a typical 2023 leader, he or she will need to prepare for a war for talent that will define the competitive landscape of the future.
This post was posted in Center for Strategic Leadership, Talent Development and was tagged with leadership, A/E/C blog, FMI Corporation, Talent development construction industry, leadership in A/E/C industry, Leading tomorrow's workforce, leader development
Posted on February 22, 2013 by FMI CorporationNonresidential Construction Index First Quarter 2013 Highlights By Randy Giggard The NRCI index score of 58.1 for the first quarter of 2013 matches the first quarter of 2012, and it is only a few points better than 2011. Nevertheless, even though the scores look the same, there are a number of underlying differences. Depending on where you look or what markets you are looking in, there are fundamental bright spots in the economy.
Posted on February 12, 2013 by FMI CorporationA Growing Trend: The Talent Shortage in Construction By Stefanie Putter “For the last two years, there has been a sharp drop in the unemployment rate for former construction workers but not a corresponding increase in construction industry growth. That means those workers who have been unemployed will likely find other types of employment, become fulltime students or have given up looking in the construction industry.” Ken Simonson, Chief Economist at Associated General Contractors of America, 2012 If Mr. Simonson is correct, the construction industry must consider the following:
- How will we attract new skilled labor?
- What kinds of training and development opportunities can we provide to strengthen the skillset of our current workforce?
- How will we fill ‘talent gaps’ due to workers leaving the industry or retiring?
- Do we have enough people? The right people? Skilled people?
- How will we replace the knowledge that our retiring employees take with them?
This post was posted in Consulting, Center for Strategic Leadership, Talent Development and was tagged with A/E/C blog, FMI Corporation, Talent development construction industry, Attracting people to construction, attracting people to A/E/C industry, Construction Labor shortage, Talent shortage in construction, Training and Development in Construction