Construction Success Story – Cross-training saves contractor money, worry

Description

Abstract: In this issue’s “Construction Success Story,” we meet a contractor with a commercial construction business in a sizable metropolitan area who was concerned about the fact that many of his seasoned employees were baby boomers who would be ready to retire in a few years, and there weren’t enough younger workers entering the field to take their places. After discussing the situation with his financial advisor, the two recognized that perhaps the most cost-effective option was to cross-train existing “craft” employees (such as electrical or carpentry staff).