FMI's E&C Industry Insight

Let Us Hear How Your Company is Attracting, Developing and Retaining Its Talent

Thu, 16 May 2013 20:21:33 +0000

Let Us Hear How Your Company is Attracting, Developing and Retaining Its Talent By Kelley Chisholm Now that the economy has started to make a comeback, the war for talent is once again in the headlines. Baby boomers will start to retire in droves during the next several years, with fewer people to replace them. Many talented people in the A/E/C industry who were laid off during the Great Recession moved on to different industries, never to return to construction. For more than 15 years, FMI has distributed its Talent Development survey to construction firms nationwide in order to identify current training and development practices, trends and challenges affecting today’s market. We want to know how companies have fared over the past several years and what the future holds in terms of attracting, developing and retaining their most valuable asset — their people. We invite you to participate in FMI’s latest Talent Development Survey. The information we gather will be published in the early fall and will show how your company compares to others and what some of the best practices are in our industry, as well as articles on a number of training-related topics. As usual, we will feature a few companies who have been innovative and successful over the years in terms of training and development, and that company could be yours! To participate in this important survey, click on this link: http://www.cvent.com/d/qcqvwm or contact Kelley Chisholm at 919.785.9215. Your feedback is appreciated as we continue to provide research to the construction industry on this ever-important topic. The survey is open until the end of May.

Adding Science to the Art of Leader Selection

Fri, 03 May 2013 15:51:18 +0000

Adding Science to the Art of Leader Selection By Jake Appelman When the time comes to select a new leader, difficult questions arise, such as whether to choose an internal or external candidate, what skill sets to seek, how to assess for intangibles such as interpersonal skills and cultural fit or how to find the right blend of operational experience and executive leadership ability. In an industry that values instinct, it is no surprise that many executive teams rely on traditional methods of interviews and resume reviews to make hiring decisions. While instinct and “feeling” about a person can be effective, human resources and industrial psychology research shows that adding science to the art of personnel selection can significantly improve the odds of a successful hire.

Assess Your Leadership Pipeline

Wed, 17 Apr 2013 19:03:52 +0000

Assess Your Leadership Pipeline By Kelley Chisholm Succession planning is a continuous and systematic process that should be tied to the organization’s strategic plan. In other words, the details of a succession plan are determined by what the company wants to be in the future. Succession planning includes identifying, assessing and developing talent to ensure leadership continuity. It must allow for unforeseen and constantly changing business needs and reflect the way the company wants to grow in the future by aligning with strategic objectives and goals. Careful succession planning now can make the difference in retaining key talent and ensuring your firm’s ongoing profitability and success.