Think your brand doesn't matter as a construction company? Think again. Employer branding in the construction industry is a big deal, and companies with a great brand attract better talent more easily.
An Employee Stock Ownership Plan (ESOP) offers a strategic edge for construction companies by facilitating succession planning, providing tax benefits, and boosting employee motivation. This innovative approach aligns employee interests with the company's success, fostering a culture of ownership and shared objectives.
In recent years, a significant shift has occurred in the construction industry: renovation and repair projects have become increasingly attractive to companies of all sizes.
There is a glaring gender imbalance that has persisted in the construction industry over the years. This imbalance not only reflects outdated stereotypes but also highlights a significant opportunity for growth and innovation within the sector.
The construction industry stands at a crossroads when it comes to hiring practices. Traditionally, firms have leaned heavily on metrics such as education, past employment, and specific job titles to filter candidates. This approach, while straightforward, often overlooks the nuanced capabilities and potential of individuals.
There has been a notable rise in construction salaries in 2024. With the landscape of the workforce continually evolving, understanding the dynamics of construction salaries is crucial for both employers and employees within the sector.
The unprecedented push to bring manufacturing back to the United States has opened a window of extraordinary opportunity for the construction industry. Manufacturing investment reached historic highs in 2023, with real private manufacturing construction investment reaching its highest level in 2023 Q3. This indicates a significant uptick in manufacturing construction activity.
In the competitive landscape of the construction industry, a company's brand is more than just its logo or services. It's the story you tell - a narrative that encompasses not just what you do, but why and how you do it, and the impact it has on clients and the broader world.
The manufacturing sector in the construction industry is witnessing a significant boom, with spending reaching new heights since the CHIPS Act was signed into law in August 2022.
As a construction leader or firm owner, it is important to constantly evaluate and improve your business practices in order to stay ahead of the competition
