With markets, revenue and backlog surging for engineering and construction firms, employers are in hot pursuit of staff—both craft and professional—to fill all of the orders. And with worker shortages, companies are pushing hard to keep talent they already have.
A number of publicly traded engineering and construction firms have announced strong finishes for 2006 and positive outlooks for the coming year. Design firms had a lot to celebrate, with net revenue growing nearly 13.8% in 2006, according to a survey of 123 chief financial officers by management consultant EFCG Inc., New York City. “This is huge against the growth estimates of just three to four months earlier,” President Paul Zofnass told more than 120 CFOs on April 13.