Navigating Human Resources Challenges in a Scarce Environment

As a construction financial professional, you may be responsible for human resources (HR) functions or play a role as a leader in your organization. In either case, being aware of the challenges and opportunities in leadership is critical to your personal and organizational success.

Talent management is the number one issue facing construction today, even more so than implementing new technologies, grappling with macroeconomic issues, or enabling a robust financial infrastructure. Whether it’s skilled personnel in the field or office, the need to attract, develop, and retain talent will require an industry-wide effort.

This issue presents a comprehensive collection of articles that cover a spectrum of issues related to the dynamic landscape of HR and explores innovative strategies that can redefine the workplace experience.

Attracting Talent to the Construction Industry

There are a number of considerations when we make decisions affecting our careers or as we help others determine their own career journey. Construction companies aren’t only competing with each other for talent, but also with the broader set of career options available to new entrants to the workforce.

Making construction an attractive career path is imperative for us as an industry regardless of your role. We have a full set of tools to leverage those efforts and, while rewards matter in terms of compensation, benefits, etc., so does meaningful work.

Helping emerging leaders grow with your company and the industry will ensure financial professionals stick with construction. And recognizing the potential of these emerging leaders is crucial for sustained success.

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About the Author

Neil Shah

Neil Shah is the President & CEO of CFMA, where he oversees CFMA's strategic development and is responsible for cultivating relationships with other construction industry organizations and partners.

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