FMI Releases 2013 U.S. Construction Industry Talent Development Report

FMI, a leading provider of management consulting and investment banking* to the engineering and construction industry, announces the release of its 2013 U.S. Construction Industry Talent Development Report. The report is based on responses nationwide from a mix of general contractors and construction managers at firms of all sizes and specialties, including mechanical/plumbing and heavy/highway/civil.

More than half of respondents report a shortage in skilled labor. As a war for talent begins, construction experts must evolve their methodology of searching for the best and brightest employees. First, construction careers must be made more appealing to women and minorities. Second, there must be an appeal to today’s youth through career counselors, career fairs and utilization of social media channels.

In addition, as baby boomers retire, more than 75 percent of those surveyed said they were preparing for a leadership transition in three ways:

Promoting internally
Training to improve performance
Providing internship and co/op programs

Also, more than half of those surveyed said they were:

Identifying gaps in core competencies
Increasing recruiting efforts at schools and universities
Employing “best practices” to retain key talent

To download a copy of the full report, click here. For reprint permission or to schedule an interview with the author, please contact Mike Gauss at mike@articulon.com.

About FMI:
FMI is a leading provider of management consulting, investment banking* and research to the engineering and construction industry. We work in all segments of the industry providing clients with value-added business solutions, including:

Strategic Advisory
Market Research and Business Development
Leadership and Talent Development
Project and Process Improvement
Mergers, Acquisitions and Financial Consulting*
Compensation Benchmarking and Consulting
Risk Management Consulting

Founded by Dr. Emol A. Fails in 1953, FMI has professionals in offices across the U.S. FMI delivers innovative, customized solutions to contractors; construction materials producers, manufacturers and suppliers of building materials and equipment, owners and developers, engineers and architects, utilities, and construction industry trade associations. FMI is an advisor you can count on to build and maintain a successful business, from your leadership to your site managers. For more information, visit www.fminet.com.

*Investment banking services provided by FMI Capital Advisors, Inc., a registered broker-dealer and wholly owned subsidiary of FMI.