According to Helbling & Associates, an executive search firm specializing in the construction, facilities management, real estate and engineering sectors, the top talent management challenges facing most engineering and construction (E&C) firms are:
Shortage of executives who have combined skills of technical knowledge, strong business acumen and management capabilities.
Aging population at the executive management and operational levels.
Lack of effective succession planning.
Need for professionals who are innovative and technologically progressive.
Necessity for executives to be multi-faceted and to provide support within a matrix organization.
Industry's approach to hiring, training, developing and empowering employees has been elementary, and firms need to improve their initiatives regarding how to attract people, manage them effectively and engage them to continually build a strong team.