A new year has begun, but the construction industry faces many familiar challenges, in the form of labor shortages, inflation, and supply chain issues. As managers do their best to create accurate budgets, a solid understanding of price fluctuations is the best tool for minimizing project risk and managing expenses. In this article from Construction …..
In today’s society, the willingness to wait is increasingly rare. We are accustomed to setting our own pace and appreciate the convenience that instant access offers. In this article, read about how employers in the construction industry can utilize earned wage access (EWA) payroll systems, eliminating the need to wait for a paper check, improving …..
As with many professions, the construction industry has been experiencing an ongoing labor crisis. With over 400,000 existing openings, nearly half of the current construction workforce planning to retire in the next decade, and the impending creation of hundreds of thousands of new jobs by the Bipartisan Infrastructure Law, managers will likely find themselves struggling …..
The Infrastructure Investment and Jobs Act (IIJA), signed into law by President Biden in November 2021, is poised to bring a $1.2 trillion boost to various construction sectors over five years and is entering its second year of providing funding. This support is welcomed by the industry, which has faced a myriad of challenges. However, …..
January is the perfect time to refresh and refocus. Nonprofit accounting can be complicated, and accuracy is essential. It is crucial for organizations to be able to provide a transparent account of how they’re spending their funds so that donors can feel confident supporting their work, and agencies must file complete and correct reports with …..
As pandemic-era support programs continue to sunset, financial relief is still available for some nonprofit organizations impacted by COVID-19. The Employee Retention Tax Credit (ERC) is a rare tax credit (taken against employment taxes) available to tax-exempt organizations and was passed as part of the CARES Act in 2020. To be eligible, an organization must …..
Developing solutions and strategies to achieve your organization’s mission is the core of any nonprofit, but once you’ve found those solutions, how do you spread that message? Scaling your plan effectively is the key to creating maximum impact. In this article from The Standford Social Innovation Review, you’ll find a checklist that will help you develop …..
For nonprofit organizations, financial support from corporations generally comes in the form of donations and sponsorships. While on the surface, these may seem like clear-cut interactions, don’t miss this opportunity to build significant partnerships with your corporate supporters. By taking a little extra time to learn about an organization’s values, community engagement, and leadership, you …..
A new year has arrived, and with it comes the opportunity to reflect and refocus on how your organization is achieving its vital mission. Taking the time now to plan your strategies thoughtfully is one of the best ways to achieve success all year long. Gathering your team to discuss potential challenges and opportunities, staffing …..
It’s your time to shine! Who is your favorite author? What is the best book you’ve read? Jodi Picoult What is your favorite movie and/or TV show? Favorite TV show is The Office. Favorite movie is Bridesmaids What did you want to be when you were growing up? Teacher What hobbies do you have? Crocheting, …..
Believe it or not, the year is coming to a close. If you want to finish strong and set attainable goals for 2023, here’s a handy, actionable checklist to help you navigate upcoming expenditures. Review Your Spending and Create a Budget This might seem like Finance 101, but it’s a tried and true method that …..
Now is the time of year to do everything you can to minimize taxes and maximize your financial health with proper year-end planning. In this article, we’ll look at several actions to consider taking before the end of 2022. Thoughtfully Harvest Losses and Gains Before Year-End Tax loss harvesting by selling securities at a loss …..
When there’s a question of the benefit that tangible or intangible assets provide businesses, there are many factors that must be weighed to make internal accounting procedures effective. Businesses must determine how the cost of business assets can be expensed each year over the asset’s lifespan. Looking at how amortization and depreciation work, implementing both …..
There is a perception that managing in manufacturing is drastically different than managing workers in other industries. In a recent article for Forbes, Trond Arne Undheim questions this perceived difference. While he acknowledges that there are physical realities that impact manufacturing, he suggests that the current manufacturing management style “slanted towards control, emphasizing supervision, [and] …..
Automation is rapidly expanding within the manufacturing industry, writes Daniel Theobald in an article for Manufacturing Business Technology, and yet many business owners do not understand how robotics might affect their business. In his article, Theobald addresses some of the common misconceptions about automation, and then provides a five step plan to help businesses integrate …..
Many businesses are experiencing what Vince Molinaro calls a leadership accountability gap. This gap occurs “any time people in leadership fail to demonstrate personal ownership for their roles.” In his recent article for Industry Week, Molinaro outlines steps that CEOs can take to create a culture of accountability within their organizations. Click here to read …..
When the Inflation Reduction Act (IRA) was signed into law this summer, it created billions of dollars of tax credits designed to boost domestic manufacturing. In a recent article for Industry Week, Jay Ruckelshaus details the top six IRA tax credits for manufacturers and why they are beneficial. Click here to learn more.
While management technology has demonstrated itself to be of great use in the construction sector, it does bring with it new challenges. “Data and workflow hitches are hampering project management processes and creating chaos for project executives,” explains a new article from Construction Dive. Understanding and adapting your organization’s workflows is the key to successfully …..
Labor shortages in the construction industry are requiring companies to develop new expectations and strategies surrounding recruitment and retention, writes Stephen Angel in a recent article for Construction Executive. Construction businesses are dealing with competition both from within their industry and without. Angel recommends that contracting companies seek to increase stability, flexibility, and career advancement …..
Inflation is causing trouble for both businesses and individuals across the country, and the construction industry is no exception. In a new article from Construction Executive, author Joe Galvin takes a look at the economic instability impacting construction businesses. He offers three helpful tips for construction CEOs seeking to shore up their organizations. Click here …..
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