What does BlackRock‘s $12B acquisition in Global Infrastructure Partners (GIP) signal about the future of the Construction Industry? Hint: technology, operational efficiency, and productivity in Construction. About the deal: Macro Trends Driving Investment: Booming Infrastructure Market: The infrastructure sector, valued at $1 trillion, is on an upward trajectory, fueled by digital infrastructure and decarbonization. Government-Private […]
Abstract Why unlock worker productivity? Because labor productivity is declining, and the labor crisis exaggerates the problem. Construction companies need to do more with less labor and retain top talent. To solve this today, the best builders communicate with their workers and reward good performance. But they are doing it verbally, which is inconsistent and […]
Workers are being held back and can be much more productive. But when I talk to leaders about motivating workers, I often hear: “people don’t want to work anymore.” The problem isn’t with workers not wanting to work. The problem is that they are kept in the dark and treated like cogs in a wheel. […]
Today, our expectations have evolved. Fair pay is a starting point. In a labor-short world, finding a decent-paying job is easy. On construction sites, workers often lament that ‘every job is the same.’ This perspective explains the propensity to switch jobs for minor gains. Why, then, should workers give their all? I’ve posed this question […]
Worker Productivity in construction industry can be improved by communicating, recognizing and motivating which helps improve their engagement.
The construction industry is lagging behind in employee engagement .