Are you a business owner or entrepreneur in the construction industry? If so, you know that attracting and retaining top talent is essential to your company’s success.
There is currently an ongoing labor shortage in the construction industry. The shortage is affecting both skilled and unskilled workers. According to the Associated General Contractors of America (AGC), 70% of businesses struggle to fill hourly craft jobs. If you want to succeed, human resources is a must-have. Here are some techniques for doing well in human resources in the construction sector.
Concentrate on Engineers
If there is one thing you need to stockpile regarding your network, it’s engineers. There are only about two million engineers in the country and about 3.7 million construction firms. Engineers are important for your business because they can help design, plan, and execute construction projects. Here are some ways you can grab the necessary engineers for your projects.
Recruitment Agency
The most obvious way is by using a recruitment agency. An experienced engineer recruitment agency can give you the engineers you need for every project. There are many advantages to using a recruitment agency. The most obvious is that they have a network of engineers you can tap into. The second is that they will do all the legwork for you. All you need to do is provide them with the specifications of the engineer you need, and they will find the right match for you.
Referral Program
Once you’ve hired an engineer or two, it’s time to increase their numbers through referrals. A referral program is an excellent way to do this. When you have a referral program, you incentivize your current employees to refer their friends and colleagues to your company. This is a great way to increase the quality of your engineers while also increasing the quantity.
Compensation and Benefits Packages
In order to attract and retain top talent, it’s essential to offer competitive compensation and benefits packages. Employees in the construction industry often look for companies that provide good pay and benefits, so be sure to highlight these things during the interview process. Here are some essential compensation and benefits packages you should offer in the industry.
Health Insurance
In the construction industry, health insurance is essential. Your employees will be working in a physically demanding environment, so it’s necessary to offer them health insurance that will cover any accidents or injuries on the job.
Paid Time Off
It’s also essential to offer paid time off in the construction industry. Your employees need time to rest and recover from their physically demanding jobs. So make sure you offer them ample paid time off to stay healthy and productive.
401(k) Plans
Another way to attract and retain top talent in the construction industry is by offering 401(k) plans. This type of retirement savings plan allows your employees to save for their future while also getting a tax break. This is a win-win for both you and your employees.
Performance Bonuses
In the construction industry, it’s essential to offer performance bonuses. These bonuses can be based on individual or team performance. They act as an incentive for your employees to work hard and produce quality work.
Promote from Within Whenever Possible
Construction companies often have a high turnover rate, so it’s important to promote from within whenever possible. This sends the message to your employees that there are opportunities for growth within the company. Promoting from within also helps to boost morale and retention rates.
Invest in Training and Development
Training and development are essential for any construction company that wants to excel in human resources. By providing training opportunities for your employees, you’re showing that you invest in their growth and development. In addition, this will help them feel valued and motivated to stay with your company long-term.
Create a Positive Work Environment
Creating a positive work environment is essential for any construction company that wants to excel in human resources. Employees who feel part of a positive work environment are more likely to be engaged and productive. Some ways to create a positive work environment include providing snacks and beverages, holding team-building activities, and offering flex-time/telecommuting options.
By following these five tips, you can set your construction company up for success when it comes to human resources. Attracting and retaining top talent is essential for any business, but it can be especially challenging in the construction industry. By being intentional about your HR practices, you can create a positive work environment that will attract and retain the best employees for your company.
