Is Factoring the Right Move to Help Finance a Construction Project?
With rates as low as 2%, factoring arrangements can help general contractors finance new projects, especially as COVID-19 puts a pinch on traditional lending. Having enough cash on hand to pay the bills and fund new projects is always top of mind for contractors, especially labor- and material-heavy subcontractors that fund most of the activity on a construction project often months before the owner and general contractor pay their invoices.READ MORE
A Top Perk That Will Help You Attract the Best Talent
From profit sharing and gym memberships to free food and onsite childcare, offering employee perks like these can be an effective way to attract the best talent for construction careers. But, it’s important to remember that some employees place more value on certain benefits than others. As construction recruiters, we’re seeing a movement toward offering personalized, flexible benefits that span multiple generations in the workforce. We’ve also discovered that tuition assistance is a growing trend that companies are using to land and retain skilled candidates. READ MORE
Hiring Someone With a Criminal Record People with criminal records represent a significant portion of the workforce. There are going to be plenty of qualified candidates for construction careers that deserve a second chance. It’s still important to maintain a thorough screening process and background checks for executive-level positions, if you receive a job application from someone that has a misdemeanor or felony, you shouldn’t automatically disqualify them either.READ MORE
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.
