Over the next 10 years, the industry will undergo one of the most significant transitions of multiple generations. Yet few seem adequately prepared. This poses significant risks, chief among them the ongoing viability of the business.
Reducing voluntary turnover provides the organizational consistency necessary to navigate this transition, and engaging employees continues to prove to be the best means of accomplishing this. Simply stated, highly engaged employees are loyal employees and less likely to leave.
To understand how construction-related firms are preparing for the generational transition, what they perceive as the most needed skills among their youngest employees, and how they intend to ensure a successful outcome, the New Horizons Foundation commissioned FMI to investigate these issues through contractor surveys, interviews and analysis of data collected.
This short paper explores 5 key themes resulting from this study. I think you’ll find it a focused and insightful read!.
Guy Gast, Chair
New Horizons Foundation, an HVAC and Sheet Metal Industry Initiative