From the category archives: Business

Business

Survey Gives Insight on Architecture and Engineering Firms’ HR Practices

Forty-two percent of all responding firms did not have a full-time HR department, and 81 percent of respondents said that the person in charge of HR functions participates in the firm’s annual business planning process. 

Who’s someone you look up to, and how do you model him or her in your leadership?

"We strive to exemplify the values my grandfather modeled in our dealings with clients, subcontractors and with each other. They guide us in our partnerships and recruitment efforts and are part of every job description."

Profiles in Leadership

With the help of recognition from their colleagues, peers, local media and business organizations, Construction Executive identified the following eight people as outstanding leaders who are making notable contributions within their companies, communities and the industry at large. 

Think Like a Millennial: Build a More Mission-Driven, Diverse Culture

Organizations with inclusive, diverse cultures are six times more likely to be innovative, six times more likely to anticipate change and respond effectively, and twice as likely to meet or exceed financial targets. 

The Quiet Progress of Career Education

To truly give all Americans access to flexible, safe and high-quality career education programs like those offered by ABC’s chapters, member companies and training partners, lawmakers and construction advocates must make meaningful progress to address the skills gap and build the workforce of tomorrow. 

Tire Tech: Look Past the Price Tag to the Total Cost of Ownership

  Because tires are critical to operation performance, construction executives should take the long view when making purchasing decisions. Rather than focusing on the price tag, consider the factors that contribute to the total cost of ownership: application, innovation and functionality. 

Gender Diversity in Architecture Shows Improvement

The National Council of Architectural Registration Boards (NCARB) recorded an increase in gender diversity of licensure candidates and newly licensed architects for the first time since it began collecting demographic data. In 2016, women made up 36 percent of newly licensed architects, versus 34 percent in 2015.

Be Proactive About Crafting a Company Drone Policy

  Construction firms should expect the drone compliance topic to develop rapidly, as other agencies may provide supplementary rules to address the impact of unmanned aircraft on the areas they regulate. It is important for contractors and their attorneys to stay up to speed on current developments to ensure that they are managing their risks effectively. 

Three Reasons Contractors Should Finance Software Investments

Software investments can (and should) be financed, just like heavy equipment such as bulldozers, cranes, trenchers and dump trucks. Even if a firm can afford to purchase its software systems upfront, financing is the smart choice for three main reasons. 

Retiring? Consider an Employee Stock Ownership Plan

While employee stock ownership plans (ESOPs) function to reward employees with an ownership stake in the business they helped build, they can also offer tax advantages as an ownership-transition vehicle. Yet only about 11 percent of construction companies had ESOPs in 2016, according to research by the National Center for Employee Ownership. Further research shows that companies that set up an ESOP tend to increase annual sales, employment and productivity an average of 2.5 percent.
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Industry Changes Push AEC Firms Toward Proactive Recruitment
When it comes to recruitment, the AEC industry is grappling with an already...

Gauging the Swing of the Republican Pendulum
As suddenly as the window of opportunity blew open for Republicans by the winds...

Q: What does it mean for your company to be employee-owned?
Employee ownership allows Choate to share long-term success with our employees...

Service Above Self
Two years ago, Gary Neal—an engineer and project manager with MEC Contractors...

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