haysconstruction
TRANSCRIPT
THE HAYS CONSTRUCT NEW YORK
hays-us.com
AGC’s national survey reveals that US construction firms are experiencing skills shortages when hiring.
Employers have been raising salaries and offering better benefits in a bid to attract talent. Though this may help in the short-term, as the industry expands these challenges are set to intensify.
Employers are getting creative with attracting candidates, offering performance-related pay or project completion bonuses. However, this doesn’t tackle the overarching shortage of skills in the industry.
The growing industry is adding pressure for niche skillsHere in New York, major projects such as Hudson Yards and the LaGuardia Main Terminal redevelopment are increasing demand for Project Managers and Superintendents with experience in large-scale developments. Estimators with 5-10 years of experience in ground-up and interiors projects are highly sought after, specifically in Manhattan and Long Island, New York, and Jersey City, New Jersey.
Building a workforce to bolster the labor market Target different candidate poolsEngaging highly skilled workers who can transition relatively easily into the field is an economical solution for the immediate skills shortage. For example military retirees or skilled professionals from the manufacturing or natural resources sectors can make a successful career move into construction.
Up-skilling your current workforceInternships and apprenticeships are a cost effective way to train new workers. Where possible, partner baby-boomers with new employees to successfully transfer their knowledge before retirement.
Establish a pipeline of future talentDeveloping a partnership with colleges and universities will help promote your company and the wider industry. Showcase growth opportunities and earning potential to graduates to build a pipeline of future leaders. Try targeting schools that specialize in construction and the STEM subjects.
May 2015 | Issue 1
Is the industry building a labor market to support the growth of the city?
Follow this conversation in the Hays Construction Forum – New York
INDUSTRY NEWSFuture tallest residential building - how will it impact the New York sky line?
Accidents on the rise in NYC - what can be done?
NYC’s first outlet center breaks ground - will this kick start Staten Island transformation?
March 2015 construction starts up by 28% year-on-year - second quarter looking strong across US.
Welcome to the inaugural Hays Construction newsletter for the New York region. Here you will find insights to support hiring decisions and advice to help navigate your career path.
Welcome to the inaugural Hays Construct newsletter. Here you will find the latest hiring trends in the New York labor market and career tips from our staffing experts. I hope you find it a useful and enjoyable read. - James Hawley, Executive Vice President, Hays Construction
When you give notice, your boss is likely to make an offer to tempt you to stay. This article gives practical tips and considerations for tackling these ‘counter offers’ to ensure you stay on your right path.
Employers want to keep good people. It’s flattering to be counter-offered, but don’t let your emotions rule your head. If you’ve made your mind up to leave, thank them for the offer but re-affirm your decision, focusing on the positives of the new project and not the negatives of your current role. The New York construction industry is a tightly knit community so avoid burning any bridges.
Will money fix all the problems?If salary is your main motivator for leaving then calculate the total value of both offers including extras such as bonuses, retirement and share plans for the coming years. An increase in base salary alone might not outweigh the total value of the new offer. Also find out when the next salary increase would be in both companies. An immediate uplift today is great, but not if the next pay review is in several years.
Ask yourself: “why did I consider a new role to begin with?” For some construction workers in New York, the goal is to get experience in a diverse range of developments. If this is the case, take a look at what industry sectors both companies are focusing on for upcoming key projects. What direction is the company planning to take and how does this align with your career aspirations?
TOP TIP: Compare the projects that have already been signed off on. Give weight to the company that has already won the type of project you’re targeting.
EVENTS - MAY 2015 NEW YORK
SPECIAL FEATUREGroundbreaking Women in ConstructionMay 6, 2015 - TKP New York Conference CenterNetwork and connect with leading women in the construction industry. Learn key insights onP Women managing other womenP Tackling workplace harassmentP Planning a family and a career
Get further expert career advice and practical tips to help you achieve your career goals.
HIRING MANAGERS & HUMAN RESOURCES: KEY CONSIDERATIONS
Avoid losing a candidate by making the right offerP Your offer must be competitive for the local market.P Spell out the full dollar value of the offer - salary + full packageP Showcase opportunities throughout the interview processP Introduce the candidate to the team to keep them engaged and eager
This will make your job offer much more attractive.
5 The 6th Annual MTA MWDBE Conference
5-7 Lightfair International
6 AGC - Leveling The Playing Field For Ny Contractors On Public Construction Projects
6 ASPE - Monthly Meeting
6 Groundbreaking Women In Construction
7 AGC - Bim Technology
12 ABC CNY Verizon Technology Meeting
13 New York Building Congress 94Th Anniversary Leadership Awards
21 NYC Plumbing Fire Protection Exposition
NAVIGATING YOUR CAREER RESIGNING: BE PREPARED FOR POTENTIAL PUSH-BACK
/HaysConstruct
/HaysNorthAmerica
/Hays Construction Forum - New York
BUILDING A TEAM OR ADVANCING YOUR CAREER
Partner with the staffing experts in construction. With local market knowledge in New York City, Long Island and New Jersey, we specialize in staffing interiors, high-rise and ground-up projects.
T: 212 548 4500