With solid profits, U.S. contracting’s top managers are pocketing substantial bonuses on top of their base pay, say recruitment companies that conduct searches for top managers.
Thomas F. Prendergast, who stepped down on Jan. 30 as chairman and CEO of New York City’s Metropolitan Transportation Authority (MTA), has joined consulting firm STV.
Efforts to improve lagging construction productivity have largely failed, notably in the U.S., but skills shortages and increasing constraints on migration likely will inflate pay and force productivity improvements across the globe, according to a recent construction-industry survey and forecast by the McKinsey Global Institute.
“Hard Hatted Woman,” the first feature-length documentary about construction tradeswomen on jobsites, is closer to completion, with recent donations of $25,000 each from contractors Turner Construction, Dragados USA Inc. and Structure Tone, says its director-producer Lorien Barlow.
In today’s information-driven economy, when even a backhoe’s idling time can be tracked and analyzed, many contractors may be surprised to discover just how little they know about the performance of their most important resource—their employees.
As the Trump administration shifts the emphasis in U.S. immigration policy to a harsh, unneeded deportation drive of undocumented workers, employers have an important role in what comes next.