Dynamic Happenings

Construction Industry Rebounds, Job Growth Increases

June 04, 2013 General

Is it Time to Expand Your Workforce?
Signs of recovery are springing up across the Bay Area. With construction
projects on the rise, formerly desolate commercial projects and ghost town
residential developments are now bustling with Orange-vest-clad workers. 
With the increased demand for housing, “For Sale” signs are popping up
everywhere, Bay Area home prices are soaring and the region’s job market
appears far stronger than originally thought.

That’s good for business, right?
Yes! The Bay Area is paving the way for the state and nation’s economic recovery. A hotbed for powerhouse industries, such as tech and finance, the Bay Area market is strong and that is good news for every business.

If there’s one thing we learned from the economic meltdown of our not-so-distant past it’s the interdependent nature of our strongly linked markets. When the housing market collapsed it snowballed and catapulted other industries into distress causing a global crisis.

As Bay Area construction stages a big rebound, we can anticipate a positive ripple effect throughout the region.

Business growth isn’t always a straight line.
You’ve managed your company through the ups and downs. You know what it’s like to take two steps forward and one step back. You may even know just what it takes to run a business on a skeleton crew. You’ve been there. You’ve done that.

As a business owner or manager, one of your most important tasks is workforce management. You not only need the right people on your team - you also need the right number of people to keep your employees happy and your business running smoothly.

Is it time to expand your workforce?
In the game of business timing is everything. Now that budget cuts are less and business growth is more, it may be time to bring on additional staff.  But how do you know for sure?

Here are 6 clues from leadership specialist Dr. David G. Javitch that let you know when to hire additional employees:
1.  Your employees are working very hard—perhaps too hard—and they’re letting you know—or complaining—that they have too much to do. Complaints of this nature aren’t uncommon, but your task is to determine if they’re legitimate. How can you do that? Try talking to your employees and asking them to validate their concerns of being “overworked.” Then look at attendance and productivity indicators to substantiate their claims. If what you find confirms their feedback, then you might decide to reorganize and restructure roles and responsibilities to better deal with the workflow. Or you could use your new knowledge as a guide to hiring additional employees.

2.  Employees claim they want to take on more tasks or spend additional time on current ones—if only they had the time.

3.  Τhe growth curve for your products or services is increasing, and you identify that as a positive trend, not just a blip on the consumer radar.

4.  You see an opportunity for growth and expansion in your industry or related industries, and decide that now’s the time to take a calculated risk to expand. But current employees aren’t available to assume additional responsibilities.

5.  You determine that your employee’s existing job skills and knowledge are fine for your company’s current level of productivity, but to expand, you’ll need either increased skills and knowledge or a new and different set of skills and knowledge.

6.  Revenue is at or above target and you project it to continue; other than financially rewarding yourself and/or your employees, you wonder what to do with the increased revenue.

Ready to grow but not sure where to start?
Dynamic can help with that. We’ll work with you to define the type of person or people that you need to keep your business running smoothly and positioned for growth. We understand that your business is unique and that you need a unique person to grow your team.

3 Great reasons to rely on temporary staff in a growth economy:
1.  Manage the intermittent labor demands of uneven growth without the cost, and commitment, of hiring full-time employees until growth is sustained.

2.  Find, and try-before-you-buy, highly skilled workers to explore new product or service options.

3.  Beat your competitors to new business opportunities by having a skilled workforce in place to react quickly.

The competition for today’s top talent is fierce.
Partner with Dynamic for strategic hiring solutions that will ensure you get the right person for the job.

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