What To Expect From The Construction Industry in 2019!

We may already be a quarter of the way through the new year but it is never to late to try and plan for what lies ahead. This is no different for the construction industry in 2019. However, a report released in late 2018 may, in fact, show a very minimal change in construction activity, only increasing in revenue by about $2 million from the previous year. So what does this mean?

In short, this could simply mean that while record growth within the construction industry is starting to plateau, spending and activity related to projects are most likely going to stay constant through 2019 with very minimal increases in overall spending. However, there are still some key factors that indicate a change is on the horizon. Based on past events with a similarly strong economy, this level of growth and spending is simply not sustainable over a long period of time.

Chief Economist and VP of Dodge Data & Analytics, Robert Murray, believes that a even if the construction industry sees a decrease in activity that doesn’t necessarily mean that the overall state will suffer a decline. It is his belief that overall value and spending on construction starts will achieve a “deceleration…the enhanced level of activity that has been achieved over the past several years.” In essence, the construction industry may fall back to where spending and activity was at its most profitable and sustainable over the past few years; a decline but not drastic.

However, according to Cristian deRitis, the Senior Director of Moody’s Analytics, the biggest red flag indicating an economic decline is the steady but low unemployment rate. Cristian argues that, historically, “any time unemployment hovers around 4.5%, recession comes about three years later.” And, in fact, ever since March of 2018, the unemployment rate has been steadily dropping. With this information in mind, according to Moody’s Analytics and the Bureau of Labor Statistics, this could mean that the economy is due for a recession next summer.

In addition, it is no surprise that the desperate demand for a skilled workforce is effecting the overall health of the construction industry. In a recent survey performed by the Associated General Contractors of America and Autodesk, 81% of those surveyed said they are having a hard time filling craft positions and 56% said the same thing about salaried positions. Where a small number of contractors are attempting to sustain through the labor shortage, the overall problem is that economists agree that is a problem that isn’t going away overnight. Only time will tell how much the construction industry will be able to retain this level of productivity through a long-term labor shortage and consistent low unemployment rates. However, all signs seem to point to 2019 remaining steady and profitable.

The Trillium brand of companies is privately owned by René Poch and provides more than 30 years of industry leading recruitment and staffing services through its divisions including: Trillium Staffing, Trillium Construction Services, Trillium Driver Solutions, Trillium Marine, Trillium Technical, Trillium Environmental, Trillium Hospitality and Trillium Techs. With approximately 100 offices nationwide and nearly 400 internal recruitment professionals, the Trillium brand is proud to be recognized by Staffing Industry Analysts as a Top 25 Largest Industrial Staffing Firm in the U.S., a Top 100 Largest Staffing Firm in the U.S., a Top 100 Fastest Growing Staffing Firm in the U.S., and a winner of National Best and Brightest Companies to Work For. For more information please visit www.trilliumstaffing.com.

 

 

Trillium Staffing Recognized by 101 Best and Brightest Companies to Work For in 2019!

Trillium Staffing is excited to announce that once again they have been recognized by West Michigan’s 101 Best and Brightest Companies to Work For in 2019. The awards competition provides the regional business community with the opportunity to showcase their best practices and demonstrate why they are an ideal place for employees to work. The awards are presented to organizations based on nominations and direct feedback from employees of each organization.

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Trillium Recognized as a National Best and Brightest Company to Work For in 2018!

The Trillium brand of staffing companies is excited to announce their recognition as a National Best and Brightest Companies to Work For for the 2nd straight year! The awards competition provides the national business community with the opportunity to showcase their best practices and demonstrate why they are an ideal place for employees to work. The awards are presented to organizations based on nominations and direct feedback from employees of each organization.

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Referrals and Their Impact on Your Success

It’s no surprise that top performers in sales and recruiting tend to utilize and see the value in referrals. The fact of the matter is that prospective clients and customers are more inclined to buy what you’re selling if a friend or colleague can vouch for you. Referrals can be a powerful tool regardless of your industry or what it is you are selling. From selling products and services to filling orders and selling jobs, referrals should be an integral part of any sales strategy.

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College Degree or Nothing? Not anymore!

Many of us grew up during a time where the notion of going to college was not only expected but was halfway shoved down our throats. Teachers, parents and even our peers were constantly talking about having a college degree was the only way to secure a stable and lucrative career. Many of us fed into this ideal resulting in thousands of dollars of student loan debt and leaving us wondering what was it all for. Now, don’t get me wrong, there are certainly specialized professions and positions that do require college degrees but that doesn’t mean that the college route is for everyone. For those of you that may have a passion for the medical industry, or a variety of engineering disciplines, college may still be the route to take. However, times are, in fact, changing and prospective job seekers have a wide variety of options available!

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Top US Cities for Job Satisfaction!

In need of a change of scenery or looking to head down a new career path in 2019? While wages and location can be key factors in determining where you may end up, job satisfaction should also be taken into account. Considering the average worker spends around 30% of their lives at work, the expectation should be to at least somewhat enjoy what you do for a living.

(Pictured above – Map of All Trillium Locations)

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As in Management and in Life, Anger is Not the Answer!

We’ve all had them; managers or supervisors that struggle with anger management issues, those who can’t handle stressful situations and those who tend to take out their frustrations on their employees. It is also no surprise that any one of these characteristics in the workplace can be detrimental to the health and well being of individuals and the team as a whole.

Stress

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How Awareness and Early Education Can Combat the Construction Labor Shortage!

It is no surprise to anyone in the skilled trades industry that we are in the middle of a very serious and real labor shortage. In fact, according to timesunion.com, 80% of US based construction companies surveyed are experiencing problems in finding qualified workers, mainly hourly skilled trades workers. Just within the state of NY, 79% of companies stated having issues locating hourly workers, according to the Associated General Contractors of America;s 2018 Workforce Survey.

Guy on site Smaller

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How Small Towns are Becoming Growth Mecas!

According to a new study by Oxford Economics, even with a large portion of the United States’ economy heavily clustered within the 10 largest cities, nearly two thirds of total output comes from medium to small sized cities and metro areas.

Growth

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So You Were Ghosted as an Employer…What To Do Now?

One of the biggest fears of any hiring Manager or Recruiter is having your new hire ghost you on their first day on the job. Unfortunately, day 1 arrives and your hopeful new employee is no where to be found, no call, no text, no email…nothing! What happens now?

Frustrated Worker

Don’t get too discouraged or be hard on yourself. Unfortunately, although this type of behavior is frowned upon and can be considered to be in poor taste, recently ghosting an employer has become a part of the hiring landscape. It all started with candidates just not showing up for interviews and has since escalated into straight up not showing up for their first day of employment. Unfortunately, this new behavior can, in fact, hurt a company’s bottom line. With the cost of recruiting continually on the rise, what can an employer do if and when this happens to them?

  • Sit back, take a breath and look over the hiring process. Was there something within your hiring process that may have deterred the candidate? Was the candidate frustrated or anxious at any point or were they strung along for too long? While it can be easy and human nature to automatically place blame on the candidate, sometimes the underlying reason could fall back on the company itself. However, in such a tight job market, keep in mind that it could have come down to something as simple as they got a better offer.
  • Don’t stop recruiting: Even if you feel like you have a candidate lined up and ready to start, you should continuously keep recruiting. It is never a bad idea to have a few candidates within an arm’s reach should you need it. Also, it is highly likely that you interviewed and screened more than just one candidate. Take a look back at your previous applicants and see if there are any worth a second look before starting the process over.
  • Simply move on: In the event that you or your company is ghosted, you may never know the true reason as to why that individual never showed up. Taking solace in this, you have to keep the hiring process moving forward. Work on any kinks in on-boarding and improve the relationships that your Recruiters are building with the candidates. It is in these relationships that candidates will begin to feel vested with your company and less likely to vanish, without a trace.

It is rather unfortunate that ghosting is infiltrating the workplace and most likely a culture shift could be to blame. However, that doesn’t mean that your company can’t arm itself to better prepare and even prevent ghosting from occurring within your organization. Make the necessary changes, updates and improvements to your hiring process to secure a prospective employee’s faith in your company and how they fit into it.

The Trillium brand of companies is privately owned by René Poch and provides more than 30 years of industry leading recruitment and staffing services through its divisions including: Trillium Staffing, Trillium Construction Services, Trillium Driver Solutions, Trillium Marine, Trillium Technical, Trillium Environmental, Trillium Hospitality and Trillium Techs. With approximately 98 offices nationwide and nearly 400 internal recruitment professionals, the Trillium brand is proud to be recognized by Staffing Industry Analysts as a Top 25 Largest Industrial Staffing Firm in the U.S., a Top 100 Largest Staffing Firm in the U.S., a Top 100 Fastest Growing Staffing Firm in the U.S., and a winner of National Best and Brightest Companies to Work For. For more information please visit www.trilliumstaffing.com.