Goodall Brazier Logo Goodall Brazier Logo
Home / Blog /

Blog

How can talent management construction professionals improve senior managers confidence in time and budget management

21st November 2017 | Richard Goodall

How can talent management construction professionals improve senior managers confidence in time and budget management

A recent global construction survey from KPMG International revealed that only half of construction bosses believe that they can stick to timeframes and budgets. These troubling statistics can leave companies concerned about their employee’s abilities to achieve their internal objectives and complete projects on time. Talent management construction professionals can address these issues through devising training programmes and closely monitoring the performance of their workforce, including the senior management team. The report, which detailed the results of over 200 senior construction executive respondents, displayed the low levels of confidence across the majority of these high-level employees. The inability to deliver projects within budget and on time displays the inefficiency level that currently plagues the construction industry, which could be costing companies greatly. The survey also revealed the disruption within the industry caused by changes in technology and a changing skills requirement. These changes need to be quickly actioned by talent management construction professionals. The internal efforts to adapt and create a more efficient way of working can bring about company-wide change, resulting in uplifts in profitability, workplace satisfaction, and efficiency. Build an action plan Talent management construction professionals need to initially build an action plan to either realign their workforce […]

A recent global construction survey from KPMG International revealed that only half of construction bosses believe that they can stick to timeframes and budgets. These troubling statistics can leave companies concerned about their employee’s abilities to achieve their internal objectives and complete projects on time. Talent management construction professionals can address these issues through devising training programmes and closely monitoring the performance of their workforce, including the senior management team.

The report, which detailed the results of over 200 senior construction executive respondents, displayed the low levels of confidence across the majority of these high-level employees. The inability to deliver projects within budget and on time displays the inefficiency level that currently plagues the construction industry, which could be costing companies greatly.
The survey also revealed the disruption within the industry caused by changes in technology and a changing skills requirement. These changes need to be quickly actioned by talent management construction professionals. The internal efforts to adapt and create a more efficient way of working can bring about company-wide change, resulting in uplifts in profitability, workplace satisfaction, and efficiency.

Build an action plan

Talent management construction professionals need to initially build an action plan to either realign their workforce through training, seminars and workplace changes or prevent these issues from taking hold of their workforce, initially. Prevention is often the best route, which means talent management construction professionals need to review the company infrastructure and the individuals within it to identify any potential areas of concern. Following this, they can accurately determine a way to improve their human resource, for example, through budget management training, timekeeping advice and confidence boosting activities.

Internal surveying

Conducting your own internal survey can reveal independent concerns, that are unique to your business. While industry-wide issues are important to recognise, you may find that there are issues arising under the surface of your company, that HR and board members are simply unaware of. By conducting anonymous surveys across all levels of your company, your talent managers may be able to identify areas for improvement that can lead to the introduction of improved or new training courses. Furthermore, an internal survey is a great way to gauge your current workforces confidence in using technology.

Technology in construction

93% of the respondents of the survey stating that they believe technology and innovation will significantly change the business they work in, compared to the 5% who believed their current business was at the forefront of technology. This clear disparity displays how the construction industry is proving adverse to moving forwards, despite the innovation this can bring to businesses. Investing in technology and embracing it within a company can bring a number of advantages, such as; improving efficiency and attracting and retaining both local and international talent. Attracting talent needs to remain at the forefront of the talent management construction professionals mind, particularly with Brexit on the horizon, during a time when there are clear skills gaps due to reduced international talent in the UK.
Not only can technology improve your HR functions and attract new talent, but it can also improve time management and provide access to useful software to maintain budget trajectories. By removing the overly-cautious approach to technology in the construction industry, your workforce may find their processes proving to be more efficient and improve confidence where human error is less possible.

At Goodall Brazier, we understand what it takes to exact an effective talent management construction strategy. Our team of highly-skilled professionals advise our clients on how to attract the best talent with the ability to source premium candidates to suit your role. Get in touch today to find out how we can improve your talent management strategy.