Top Benefits to Attract and Retain Construction Employees
Employee retention in construction is one of the most important aspects of running a successful construction company. The industry is facing a shortage of labor, so keeping your current and future employees is critical.
When business owners complain about their employees' work ethic or attention to detail one the first question to ask is “how much are you paying them?” Oftentimes the answer is “We start at $12 per hour”. $12/hr is not a liveable wage. If that’s what you’re paying someone, then that’s about all you can expect out of them.
Offering a competitive wage attracts and retains the best talent.
Health insurance helps employees take care of unexpected or ongoing medical issues. It provides a safety net for them and their families. It’s important to offer things like: medical, dental and vision plans.
Paid Time Off
Offering paid time off (PTO) to construction employees allows them a healthy work life balance. It allows them to take vacations or handle personal matters without losing a paycheck.
Bonuses / Performance Incentives
Offering additional incentive based compensation is a win-win for everyone. Your employees make sure they’re hitting their goals and you’re getting the most out of them. Employees that work 1.5-2x harder than other workers should be compensated accordingly. It also lets them know you see their hard work.
Career Advancement Opportunities
Allowing employees to grow within the company is a two way streak. It ensures retainment and helps your business grow. The more responsibilities you give to your employees, the more you can focus on selling and growing. Establishing a career path for your employees keeps them engaged and on track.
Training and Development
Not every employee knows how to operate heavy machinery or do advanced tasks like reading blueprints. Offering training and development courses for your employees can help build them up so they can continue to grow within the company.
Is Offering Benefits Worth It?
Offering benefits isn’t cheap, but is it worth it? If attracting the best talent or employees who want to stay and grow within the company, then it probably is. Employees that are proud to come to work every day build a great culture. Your company's culture is a reflection of how you run your business and helps make customers want to do business with you!