Report offers ways to counter construction's labor woes | Why family-run businesses should have succession plans | Drones, VR among tech making construction safer
The labor shortage in construction is only likely to worsen, but companies can take steps to mitigate the situation, according to a report by McKinsey. The report outlines three strategies -- improving efficiency along the value chain, seeking out diverse talent and working to retain current employees, and elevating labor to a strategic priority.
Multigenerational family businesses need succession plans to clarify financial issues and handle any disputes, writes Trent Cotney, CEO of Cotney Attorneys & Consultants. "Many roofing companies are generational and while working with family can be great, it can also insert emotional issues that would otherwise not be present in a non-generational company," Cotney writes.
Smart systems and the internet of things are enabling technological devices that contribute to greater safety on construction sites, Rose Morrison writes. Morrison explores communications devices that track worker and machinery movements as well as other safety technologies and practices, including drones, virtual reality, smart sensors and improved training and cultivation of safety consciousness.
St. Anthony Coptic Orthodox Church in Maitland, Fla., has an aluminum metal roofing system painted in a custom shade of gold that is simultaneously beautiful and able to withstand multiple types of weather. The roof also has curves and domes, in keeping with traditional Coptic architecture.
A building at the Grand World Phu Quoc resort in Vietnam was constructed out of 42,000 pieces of bamboo. Several skylights punctuate the thatched roof of the building and let in natural light.
Construction will begin in the next several months on The Rise, a mixed-used development in Cupertino, Calif., that will feature a green roof said to be the largest in the world. The 29-acre roof will be open to visitors.
Business credit that's distinct from personal credit expands business owners' borrowing opportunities and protects their personal assets, finance expert Sharita Humphrey writes. Humphrey outlines what owners should understand about the different data and uses for business versus personal credit.
Employees might deliver excellent results for a firm while causing problems in an interpersonal context. Leaders must reconfigure workplace culture that has let negative behavior fester, starting by reviewing the firm's statement of ethics.
The Commerce Department on Monday agreed to take up Auxin Solar's request to investigate whether Chinese solar manufacturers are moving their operations to Malaysia, Thailand, Vietnam and Cambodia to avoid US solar tariffs. "This decision effectively freezes development in the US solar industry," said American Clean Power Association CEO Heather Zichal. "Frankly, the Commerce Department's action to initiate this investigation is a disaster for our industry."
Experts urge small businesses to review client and distribution lists for ties to Russian organizations subject to sanctions by the US government, even though most won't find violations. Start with the consolidated sanctions list on the Treasury Department's Office of Foreign Assets Control site, and build a compliance program using the dozens of lists from other government entities, experts recommend.
In this episode, RT3's Ryan Groth sits down with OneClick Code to learn more about their revolutionary software that gathers roofing code data from each controlling municipality and verifies it with the building official. The data is compiled and accessible to users by simply entering a property address.