Constructor - July/August 2013 - (Page 56)
TEN REASONS EMPLOYEES REMAIN LOYAL
BY KIMMEL & ASSOCIATES
THE ECONOMIC RECESSION HAS HAD A severe impact on employ-
ment in the construction industry and retention has become an
important aspect for company leaders to seriously contemplate.
As a result of recession-driven layoffs and the vast amount
of professionals who left the industry altogether (1.6 million
between 2006 and 2011, according to an AGC analysis), those
remaining had to absorb more responsibilities and work longer
hours. Furthermore, some construction owners now expect their
employees to assume more roles without much recognition.
However, expecting long hours and exceptional performance
also requires that owners do more to retain their best talent.
It is a common misconception that companies must offer high
salaries and expensive trips or gifts in order to retain their best
employees. Yet these incentives are not always the best way to
maintain a happy workforce.
Recession or no recession, it will always be important for
companies to provide competitive ﬁ nancial and beneﬁt packages. But there are other factors besides compensation that can
help create an environment where employees remain loyal.
Companies can implement numerous low-cost solutions that
positively inﬂuence retention as much as higher salaries.
Here’s an example. A superintendent, who had been with his
company for several years, was underpaid for his experience
and skill level. Asked why he never considered career moves
to increase his compensation, he recalled a story: On his way
home from work one night, early in his career with the company,
Attendees of AGC’s April
Project Manager Course.
56 constructor | JU LY/ AU G U ST 2013
Table of Contents for the Digital Edition of Constructor - July/August 2013
Innovative Ideas Modernize 78-Year-Old Bridge
DeConstructing Social Media
Stand-Out Safety Program Earns Opp Construction Grand Award
2013 AGC/Willis Construction Safety Excellence Award Winners
2013 Liberty Mutual Marvin M. Black Excellence in Partnering Awards
Money Isn't Everything
AGC in Action
Wall of Wind
Weathering the Storm
Green, Safe and Fast
Leading the Way
Summing it Up
Going Interstate? Go NASCLA.
Do the Math
Legislative and Regulatory News
2013 Regional Resource Guide
Member and Chapter News
Index to Advertisers
Constructor - July/August 2013