Labor productivity is the central economic engine that drives profitability for labor-intensive, self-performing contractors. FMI’s 2023 Labor Productivity Study found that contractors experienced approximately $30 billion to $40 billion in lost profits due to labor inefficiencies in 2022.
Workplace retention and employee satisfaction go hand in hand, with 77 percent of workers more likely to stay with an employer if they were satisfied with the company’s organizational culture.
Over 2,000 commenters responded to the Department of Labor’s request for input on occupations that should be added to the “Schedule A” shortage list, which presumes U.S. workers are not available in a listed occupation and speeds employer applications for green cards for workers in those jobs.
Associated Builders and Contractors and its Florida First Coast chapter filed suit in federal court on March 28 to stop the Biden administration’s unlawful scheme to mandate project labor agreements on construction contracts procured by federal agencies.
Associated Builders and Contractors announced the honorees of its 2024 national Construction Workforce Awards, which includes Craft Instructor of the Year, Craft Professional of the Year and Young Professional of the Year.
