The construction industry faces a widely reported shortage of qualified workers, and this shortage places construction companies at a competitive disadvantage and potentially vulnerable to financial or safety concerns. The challenge of finding qualified candidates is magnified when turnover is high and the time needed to train new hires is extensive. A successful business must have processes for recruiting, interviewing, hiring, and training employees to meet these challenges.- a Construction Business
Recruit Qualified Candidates
A construction business’s plan to lay workers off during the summer months might be to keep the same number of employees working hard on the job year-round. But, with the influx of seasonal construction workers and a labor market that may limit your ability to attract qualified candidates, this plan might not be enough.
Workforce challenges are an issue for every company in the industry. To effectively meet these challenges, employers can take their talent acquisition efforts up a notch by creating a comprehensive recruitment program to evaluate potential hires long before they step foot in an office or on a worksite.
Strategies include recruiting from local high schools, community colleges, or trade schools or targeting smaller contractors or subcontractors in similar industries that may have mature, skilled workers looking for full-time employment. However you go about it, you want to look at the big picture while also focusing on the details. And remember: data is power. Make sure you know where your recruits stand before they even enter your door, so you know exactly what it will take to close them. Money is not the only motivator; it is often training, full-year opportunities, and more.
Ensure Safety And Minimize Workers’ Compensation Expenses- a Construction Business
Safety is a top priority for any business, especially those that work with heavy machinery and other potentially dangerous equipment. It’s also essential for employers to minimize workers’ compensation claims by providing employees with adequate training and supervision.
The global Construction Equipment Market is projected to grow from USD 141.99 billion in 2021 to USD 222.14 billion in 2028 at a CAGR of 6.6% in the 2021-2028 period. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
Injuries are an unfortunate but often unavoidable part of construction work. To help prevent them, you should always provide a safe work environment and train workers on safety protocols. This includes providing them with proper gear and tools, conducting annual safety training sessions, inspecting equipment regularly, and providing regular medical checkups.
Remain Adaptable To Changing Labor Laws
Labor laws vary from state to state and country to country, so staying up-to-date on these changes is essential. You should be aware of local laws that require you to provide certain benefits (such as sick leave) or pay certain wages (such as minimum wage). You may also need to comply with federal laws such as the Family Medical Leave Act or the Americans with Disabilities Act (ADA).
Empower Employees To Achieve Their Full Potential- a Construction Business
It’s essential for employees to feel like they have a stake in the company — not only because it makes them more invested in its success but also because it gives them a sense of purpose in their work. For example, if you see an employee who has been with the company for ten years but hasn’t had a raise in six years, consider giving them one. Or, if someone has taken on an additional role over time, reward their hard work with better pay or benefits.
The construction industry is constantly changing, so staying up-to-date on new technologies and techniques is critical to getting ahead of the competition and staying competitive. Consider offering tuition reimbursement programs for employees who want to pursue certifications that will help them advance within their careers.
A robust immigration compliance program helps protect against penalties and fines and ensures that your company maintains its reputation as a responsible employer. Your compliance program should include training on handling sensitive information, steps for verifying employment eligibility, protocols for reporting suspected violations, and more.
Growing Your Business In Other Ways
At US Pro Pay, we provide payment processing solutions for contractors. You take care of your workforce challenges, and we can help you take care of payment processing.
Contact us today to see what solutions will best meet your needs.