The skilled worker shortage has been looming over the construction industry, and the Associated General Contractors’ 2014 outlook shows that contractors are already having a problem finding skilled professionals and craft workers. With that in mind, it’s more important than ever to hang on to the valuable workers you already have. Do you have a retention strategy in place? Here are some tips to inspire you to develop your own plan:
1. Knowledge is power
You won’t be able to stop employees from leaving if you don’t know why they want to go. There are well documented reasons most workers leave, but it’s not enough to just know the most common reasons. You must know which reasons apply to your company.
Approach current and former employees and ask them for honest feedback. Be prepared not only to not punish your current employees for honest feedback, but to make real change where it is needed.