Published in Construction Financial Management Association's March/April issue of Building Profits magazine.
Even before COVID-19, the construction industry was facing a talent shortage, an aging workforce, and an inadequate pipeline of younger workers. The pandemic has heightened the importance of focusing on the retention of your existing workforce, even while navigating local government shutdowns, employee concerns about work-related COVID-19 exposures, and dwindling project backlogs. By maintaining flexibility, addressing compensation, improving communication, and focusing on career development, contractors can retain their top talent and keep their employees productive and safe.
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