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Construction boom helps fuel job gains in March
Construction companies helped to hammer together another strong month for the U.S. job market. The Labor Department reported Friday that construction firms added 39,000 jobs in March — a remarkably strong showing in the face of high interest rates. Hiring was also robust in health care, restaurants and local government. The unemployment rate dipped to 3.8%, even as more than 400,000 people joined or rejoined the workforce.
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US Construction Half a Million Workers Short
In recent years, the US construction sector has grappled with a formidable challenge: a significant dearth of proficient laborers. Fresh data released by the Associated Builders and Contractors (ABC) underscores the gravity of this shortfall, estimating a staggering deficit of 501,000 workers to satisfy existing demand. This insufficiency poses a grave peril to the expansion and solidity of the construction domain, compelling immediate action to rectify the incongruity between labor supply and demand.
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Building a Strong Employer Brand in the Construction Industry
Think your brand doesn’t matter as a construction company? Think again. Employer branding in the construction industry is a big deal, and companies with a great brand attract better talent more easily. In today’s job market, where the demand for skilled construction professionals often outstrips supply, having a strong employer brand is a necessity. Here’s how construction companies can build a compelling employer brand to attract top talent and stand out in a crowded marketplace. READ MORE
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The Digital Transformation Is Changing Hiring in Construction
The construction industry, traditionally seen as slow to adopt new technologies, is experiencing a significant shift in its recruitment practices thanks to digital tools and platforms. This digital transformation is not only streamlining the hiring process but also expanding the reach for potential employees, offering unique advantages to both construction companies and job seekers. READ MORE
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Improving Construction Company Performance Through Employee Ownership
An Employee Stock Ownership Plan (ESOP) offers a strategic edge for construction companies by facilitating succession planning, providing tax benefits, and boosting employee motivation. This innovative approach aligns employee interests with the company’s success, fostering a culture of ownership and shared objectives. READ MORE
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CONSTRUCTION RECRUITMENT EXPERTISE
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About The Birmingham Group |
Since 1967, The Birmingham Group has been considered one of the nations most respected Construction Executive Search and Consulting Firms. Our team of experienced search consultants can strategically work with your organization, from the hire of a key project manager, the planning and execution of building an entire team to create a new business unit, to the placement of your next CEO.
info@thebirmgroup.com | (248) 647-7766
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