Why You Should Invest in Your Employees

//Why You Should Invest in Your Employees

Why You Should Invest in Your Employees

Although most construction companies understand the importance of investing in employees, they don’t necessarily take it as serious as they should. Many companies have tried investing in employees using training and development programs, only to have little success, which can be disheartening. This has led some companies to give up. But at the end of the day, employees are your most valuable asset.

Build Your Reputation

Employees want to work for a company that treats them with respect. They don’t want to feel like they are expendable. Having training and development programs that actually work will give employees a positive outlook toward the company, which, in turn, will build up your reputation in the market. If your company has a reputation for investing in employees, you are going to attract much better candidates in the long-run.

Build a Better Work Culture

Investing in employees is one of the best ways to improve company culture. When employees feel like they have the support of the company and its leaders, they will be bolder and more innovative. Giving employees confidence, as well as learning opportunities, will improve their overall performance and help keep your company be competitive. This is particularly true in construction where new skills and procedures are often introduced.

Create Happier Employees

Career development gives employees the sense that they’re learning and improving. It will feel like the work they are performing is serving their long-term career objectives. With a better sense of purpose, employees will feel more content in their work. This will improve their overall performance. Happier employees will also have more loyalty to the company and will be less likely to leave.

How to Invest in Employees

Continuing education and career development are the most common way to invest in employees. Other incentives like paid leave and profit sharing are also employee investments. The real key is understanding what employees want and what they need.

Training and development are incredibly important, but only if you have a clear understanding of what areas the team needs work on. Companies often spend money and time developing skills that the employees already have. To avoid this, put effort into identifying the root of the problem. For example, it might look like the team needs work with their communication skills, but you could have a company culture that doesn’t encourage open communication.

Investing in employees is one of the smartest things a company can do. Employees are your best resources. Investing in them will increase your company’s performance, make your workforce more competitive, and increase engagement and retention.

 

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By | 2019-03-04T18:54:42-04:00 March 12th, 2019|Construction Blog|

About the Author:

The Birmingham Group has been serving the construction industry since 1967. Brian Binke took over the firm in 1995 and since that time, he has personally placed over 1200 construction managers and senior leaders, with company revenues ranging from $10 million dollars to the largest ENR 400 companies in the industry. Brian is an industry innovator, with a specialized skillset in construction. His keen understanding of business, the construction industry, and ability to effectively match and recruit top leaders has led to many accolades. He was ranked the #1 International Billing Owner in the construction industry for his own personal production and has been consistently recognized as one of the Top 10 International Billing Owners out of 800 owners worldwide. This includes owners across every industry. In 2013, Brian was awarded the #1 International Billing Owner within the entire network. For over two decades, Brian has been considered one of the most influential thought leaders in the construction industry. His business and construction knowledge are used as a resource for some of the nation’s most prominent publications. In the past year alone, Brian has been quoted in or authored articles for The Wall Street Journal, CBS News, MoneyWatch, Construction Today, ConstructionDive, United Rentals, Fast Company, Entrepreneur Magazine, American Express, Builder Magazine, and Human Resource Executive, among others. "I believe companies are a lot like sports teams. The team with the best players usually wins. It is my passion to deliver the absolute best talent to my client companies – the market’s top performers, the talent that every company wants to hire but which seldom seems available. To put it simply, I thrive on helping my clients build their Dream Team." - Brian Binke, The Birmingham Group
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