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The US Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) recently released several proposals that would place new requirements on construction companies involved in federal construction projects. These proposals are part of OFCCP’s continuing focus on construction companies.
Traditional talent pools are simply too shallow to meet workforce demands. Actively recruiting women offers contractors a deeper talent pool and taking part in Women in Construction Week is a great starting point.
The Fair Labor Standards Act (FLSA) protects US workers by ensuring they are paid for all hours worked, including overtime. Complying with the FLSA is a big part of construction payroll. Failure to comply can result in severe consequences in terms of fines and even criminal prosecution. Arcoro’s partner, myHRcounsel™, has compiled some of the most common overtime and wage violations in the construction industry to help you avoid the pitfalls.
Twenty-five years ago, the Euro was introduced, Space Shuttle Discovery docked at the International Space Station, Serena Williams won her first Grand Slam title at the US Open and the Sopranos debuted on HBO. It’s also the year ExakTime launched.
As the construction industry continues to struggle to attract and keep talent, compensation is top of mind for many owners, HR professionals and finance leaders. This includes not only wages, which are rising, but also the benefits a company provides. There’s good reason for the focus. While pay is primary, a recent survey by Aflac found that more than half of employees in all industries (53%) would consider accepting a job with less pay and better benefits.
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Each year contractors experience turnover. Some established workers leave for new opportunities while others are laid off until projects start back up. The construction industry saw 150,000 workers quit in December 2023, while layoffs totaled 169,000. Once demand increases, contractors will seek to replace the workers they’ve lost.
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