In an effort to stall inflation, the Federal Reserve has been lifting interest rates this year, which has had a ripple effect on all industries. Here are some construction industry challenges that have been caused by higher interest rates.
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Knowledge is power – the workforce data you should be tracking and sharing
In this post we’ll share some insights into the data our customers are tracking in Bridgit Bench, how they’re able to plan years in advance, and who is using their workforce data to inform their work.
Appealing to the next generation of construction workers
One of the challenges in construction has nothing to do with building, at least not directly, it’s with appealing to the next generation of construction workers, mainly Millennials and Gen Z. At this point, everyone in the industry is aware of the persistent labor shortages and cloudy economic outlook, but the aging workforce is a
Migrating your workforce planning to Bridgit Bench
Migrating to a new construction workforce planning tool may seem daunting, but with modern technology, implementation can be straight forward. Optimizing your workforce planning processes and gaining an operational edge compared to your competitors will set you up for long-term success.
Upskilling and reskilling your workforce during a recession
Just like being data-driven as a company has to come from the top down in order to become a part of your firm’s culture, so does the focus on expanding your people’s skill sets. When you hire new employees it should be understood quickly that they have avenues for growth, and they can seek out new project experience and general job training.
Effective workforce strategies and building a strong backlog
When the construction backlog drops, efficient and productive resource management can make the difference between keeping a project profitable and putting your projects at risk. This article explores some of the ways construction resource planning can help as project bidding becomes more competitive.
Construction has changed a lot in 10 years. So why hasn’t the workforce planning process?
Bridgit was founded 10 years ago. A construction technology company dedicated, at its core, to solving real problems in the industry. We’ve spoken to hundreds of contractors since then and have seen the desire for Design-Build (DB) contractors increase, and with the influx of money coming into infrastructure over the next few years, it’s expected
Building a best-in-class tech stack for 2023
This article is going to list some of the best-in-class software used by our customers and the construction industry as a whole to help you improve your processes around project management, estimating, HR, workforce planning, as well as sales and marketing.
Building a data-driven culture in construction
As the construction industry continues to move forward and embrace the digital transformation of their core processes, putting a focus on data analysis as a skill set will continue to become more important for all leadership and construction management positions. Construction is making the effort to shift from manual processes to cloud-based, automated software and technology. That shift will inevitably result in a wealth of project and workforce data being captured from every phase a project goes through.
How to manage construction stress as a project manager
Construction project managers encounter many hurdles during the course of their work. Learn how to manage stress in construction in this article.