Fortune called it the biggest problem facing employers in 2017: employee retention. The truth is, considering the high cost of recruiting, hiring, and onboarding new talent, this is a timeless concern that followed us into 2018—and will follow us beyond this year.
Onboarding new employees is often a time-consuming process. Even if you hire workers who have been in construction for years, they still have to learn the specific procedures that are unique to your business. Employees who aren't given time and the proper information to adjust to their new position may struggle to complete their job appropriately or fail to note important procedures that will help keep them safe on the job--and it's even more important that you take the time to properly onboard employees who haven't worked in the construction industry before.
Once upon a time, HR managers preferred to hire the more experienced candidate over the well-educated. These days they are being forced to take education in lieu of experience, leaving a workforce heavy on theory and light on practice. The fact is, the steeper learning curve, the shorter it is; with less time to get inexperienced team members on board and up to speed. Making the situation even more complex, is the lack of middle management in many organizations. In this article, we will take a look at the demographic reality of today's workforce, and discuss strategies for hiring, managing, and training those with less experience.
The 2017 Employee Financial Wellness Survey by PricewaterhouseCoopers (PwC) found that 53% of employees are stressed about their financial situation, and only 45% say they would be able to meet their basic expenses if they were unemployed for an extended time. Their financial concerns affect everything from their health to their relationships to their productivity at work.
If you're a construction owner searching for new employees, you know there's a problem when it comes to finding qualified workers. As it's becoming more challenging to attract good employees to the construction industry, employers need to find ways to draw the most capable and experienced people to their companies. Here are some basic guidelines for hiring the best construction employees:
A new year is the perfect time to evaluate and make adjustments to current Human Resources operations. For the new year, there are some interesting trends and challenges within the HR world to look out for. Keep these trends and potential challenges in mind as you set your HR strategy for the next year:
When employees miss work, companies pay: in the mining and construction industries alone, the annual cost of lost productivity because of absenteeism is $1.3 billion. If you're doing the math about what portion of that came from your company, it's time to start reducing your own construction staff absenteeism.
A company is as good as its employees, and employees are good when they're happy. Low morale not only leads to grumbling, dissatisfaction, and a high turnover rate, it can also put people at risk on the job site if the workers are not thoroughly engaged with and committed to the task at hand.
Topics: Employee RetentionRead More