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7 construction industry firms that not only survived, but thrived, in 2020


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The U.S. business community overall has suffered a great deal during the coronavirus pandemic. Restaurants and retail establishments have shut down due to customers staying home during lockdowns or because of tight government restrictions on how they are able to operate. Contractors and others in the industry have also taken a hit, even though many services were deemed essential, because some owners and developers are taking a pause on their projects amid economic uncertainty.
But there are some construction industry companies that have thrived during the pandemic, opening up new locations, taking the opportunity to become lean and moving to hire skilled employees laid off from competitors. Here are some of their stories: ....

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Digital Job Boards Target Construction Workforce Labor Shortage


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According to a McKinsey Global Institute report, the construction industry represents roughly 13% of the global gross domestic product (GDP) and employs approximately 7% of the world’s working age population. Yet, a persistent challenge remains in its ability to find and hire talent. Traditional methods, largely dependent on word of mouth referrals, have proven largely ineffective and made hiring challenging for employers and finding employment that matches their skills difficult for workers.
Fortunately, three recently introduced digital platforms geared specifically to the construction workforce are seeking to change that.
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Construction workers are a unique collection of individuals with a very special set of skills. Because of this, traditional platforms for interacting with peers or seeking employment haven’t always proven a good fit. They aren’t as conducive to how many of those working in the industry like to interac ....

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