Sponsored: Investment in employees attracts best talent
This content is brought to you in partnership with Branch Builds, which provides professional construction management services on a diverse array of projects to a broad range of private and public-sector owners.
As the economy continues to grow, the competition for new employees remains fierce throughout North Carolina and around the country. The construction industry in particular is one of the most competitive sectors. The U.S. Bureau of Labor Statistics reported on February 1, 2019 that construction employment expanded by over 50,000 net new jobs, according to the Associated Builders and Contractors.
Although hiring for open construction jobs continues to grow, the acute job shortage remains among the most perplexing challenges the construction sector must address.
A leading construction management firm with a North Carolina presence is leveraging its unique set of employee benefits to attract and retain top talent.
Among the most meaningful and substantive investments is through the company’s Employee Stock Ownership Plan.
Branch Builds established its ESOP in 1982 and almost 40 years later, the plan has ensured that every team member has a vested interest in the success of each project and is a major contributor to the firm’s sustained growth and success. Since its inception, the ESOP has benefited hundreds of employees and instilled an additional sense of pride among all team members. Access to the ESOP also encourages employees to remain with Branch Builds for years, allowing them to create careers with the company and establish significant expertise that benefits both the company and its clients.
Other examples of investments include the company’s commitment to supporting professional development and continuing education of its team members. Branch Builds specializes in building high performance teams, which means long-term support for team members to become and remain leading experts in the construction sector. Branch Builds prides itself on offering state-of-the-art solutions to clients and ongoing education is a crucial facet of building expertise.
“A great deal of our company’s success can be attributed to our exceptional team members,” says Craig Floyd, president of Branch Builds. “We believe in building and supporting high performance teams. Investing in our employees and providing direct ownership through our Employee Stock Ownership Plan are unique recruiting tools that allow us to attract and retain top talent.”
Providing resources, including financial support and flexibility to participate in professional development, highlight how firms, like Branch Builds, offer current and prospective employees tangible and intangible benefits.