A new study finds that a majority of construction companies are spending significant dollars on their incentive compensation programs while losing millions in annual revenue. The research by industry consultant FMI concludes that only 21 percent of the contractor executives polled believes discretionary plans that don’t note bonus goals in advance or what it…(Read More)
For businesses to successfully implement strategic plans, hiring managers and C-suite executives must have a deep understanding of their employees. As Lee Smither writes on ConstructionExec.com, successful execution lies in the hands of the firm’s employees. Smither covers areas that impact your business, including hiring the right people and the option of…(Read More)
Construction projects along the East Coast are taking on new dimensions as New Jersey and New York rebuild from last October’s hurricane. The Hurricane Sandy Rebuilding Task Force, which issued a report this week, has recommended that new construction be built to withstand the force of increasingly dangerous storms, a deadly consequence of climate…(Read More)
Here’s a loaded interview question for a Project Manager: What’s more important, finishing a project on time, on scope, or on budget? An inexperienced candidate would likely respond that all three are equally important. A seasoned PM would opt for prioritizing the objectives of the project stakeholders. “One defining element of a project…(Read More)
The construction industry is limitless when using newly-developed apps that merge augmented reality and Building Information Modeling, or BIM. For tech novices, the bottom line is about visualizing construction job sites. “Users focus on a given design or plan file with the camera on their iPad, iPad Mini, or iPhone, the app then recognizes…(Read More)
We’ve passed the half-way mark in 2013. When was the last time you looked at the goals or resolutions you set back in January? Some of you reading this didn’t write anything down, but that’s OK. There’s still time. What do you want to achieve by Dec. 31st, 2013? What…(Read More)
Hiring and training are integral parts of an employer’s business development plan. A well-defined execution lies in the hands of the firm’s employees, according to Lee Smither, managing director at FMI Corporation, a global management consulting company that serves the engineering and construction industries. Smither outlines three major themes that will determine…(Read More)
Year-over-year salary budgets are projected to increase in the U.S., according to the latest data from WorldatWork, an HR compensation research firm. A post on TalentManagement.com says the modest increases in 2014 mean that businesses are beginning to expand, but at a cautious pace. Granted, the construction sector of the economy…(Read More)
With LinkedIn being all the rave in the construction recruiting industry, let’s not discount the value of Twitter. It’s more than someone posting snippets about their yogurt or conference. To find new clients and contacts on Twitter, recruiting pro Hannah Morgan has advice on how to identify leaders in your niche, use hashtags…(Read More)
Most project managers and superintendents are raving about the results they achieve with tablets and apps in the field, but not everyone is jumping on board the tech bandwagon. Robin Anselme, the human resource and office manager at Petra Inc., told the Associated Press that while project managers, superintendents, and the administrative team have Smartphones…(Read More)
