Tag Archives: Attracting people to construction
Posted on March 1, 2017 by FMI CorporationMuch 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. In fact, in our recent study “Millennials in Construction: Learning to Engage a New Workforce,” we found that millennials are indeed very dedicated and loyal to their companies and want to do more than just punch a clock and take home a paycheck. They are looking to add value, make an impact and find meaning in what they are doing. Company leaders can leverage these realities by ensuring that their young talent has a clear sense of purpose and an understanding of their roles within the larger plan. According to our findings, when the company’s vision is inspiring and clearly communicated, millennials are 25% more likely to stay longer with the company compared to those who don’t understand the company’s vision and direction.
This post was posted in Talent Development and was tagged with construction industry blog, Attracting people to construction, employee retention, FMI Management Consulting, Human Resources, oil and gas market strategy, engineering blog, construction blog, millennials in construction
Posted on February 24, 2017 by FMI CorporationThe fact that most construction firms are struggling to find qualified people is old news. To be sure, much of the blame for the labor shortage problem can be laid at the feet of the Great Recession, when job demands changed dramatically and many downsized workers left the industry for good. The trouble is, these workers have yet to be replaced with workers of equal or better skills. So what can be done? The industry has responded to the challenge by treating it as an “asset” problem. Applying the same principles they would to a construction project, employers have brought a hammer-and-nail solution approach to something that requires more thought and consideration. Companies are putting big dollars into training programs focused on sharpening employee skills and competencies. But just how effective is all of that training?
This post was posted in Center for Strategic Leadership, Talent Development and was tagged with Attracting people to construction, employee retention, employee development, Training investment, FMI Management Consulting, Human Resources, oil and gas market strategy, construction blog, millennials in construction
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
Posted on December 20, 2012 by FMI CorporationAn Ace in the Hole: How the ACE Mentoring Program is Building Success By Kelley Chisholm Remember the war for talent that all but disappeared when the economy crashed a few years ago? Guess what — it’s back, and it is only going to intensify. As the U.S. slowly works its way out of the recession, baby boomers who may have put off retirement will once again start planning to leave the workforce, and there will not be enough Generation Xers to fill the vacancies. This gives members of the Y Generation an opportunity to kick-start their careers. But another issue looms large – how do we attract them to the construction industry, which has often has been fraught with having a poor image?
Posted on June 7, 2011 by FMI CorporationAttracting People to the A/E/C Industry By Kelley Chisholm Labor shortages may be hard to contemplate in today’s economy, with high unemployment rates in all industries. The construction industry has been hit particularly hard. According to the Bureau of Labor Statistics, unemployment in construction in May 2011 was 16.3%; however, this is down from 21.8% in February of 2011. As the economy begins to rebound, workforce issues and the war for talent will return. Baby boomers who put off retirement during the Great Recession will start planning to leave the workforce, taking with them a lifetime of experience, knowledge and professional skills. Who will replace them? How will the industry ensure that it can attract the best and the brightest as soon as the economy rebounds and the war for talent once again emerges?
This post was posted in Consulting, Talent Development and was tagged with Great Recession, FMI blog, FMI Corp., construction industry blog, A/E/C blog, FMI Corporation, Talent development construction industry, ACE Mentor program, Attracting people to construction