FMI, a banking and management consultant for the engineering and construction industry, released its latest report, “Millennials in Construction — Learning to Engage a New Workforce.”
FMI determined that Millennials get a bad rap. The younger generation, according to the firm, is loyal to their companies and share similar career aspirations, attitudes, and goals with the older groups.
“While the stigma exists that Millennials are entitled, disloyal, and lazy, it appears that this is not true,” Sabine Hoover, Content Director at FMI, said in a statement.
The survey found that a well-communicated vision, competitive pay, and work-life balance are a few of the most important factors in keeping individuals engaged with their work. Also, a vast majority (96%) of respondents said they were willing to work beyond job requirements to help the business succeed, and 74% said that they expect to remain with their company for more than five years. In addition, Millennials bring new perspectives and ideas to a construction firm.
The report was based on surveys and interviews with 400 workers in the construction industry across the nation. Half of those surveyed were Millennials.
Related Stories
Contractors | Apr 29, 2016
OSHA issues advisory to protect workers from Zika virus
Construction industry workers considered at high risk.
Government Buildings | Apr 22, 2016
Public-private partnership used to fund Long Beach Civic Center Project
Arup served as a lead advisor and oversaw financial, commercial, real estate, design, engineering, and cost consulting.
Contractors | Apr 21, 2016
Dewalt introduces rugged construction smartphone
The Android-powered device is waterproof, dustproof, weatherproof, and can withstand drops up to six feet.
Building Tech | Apr 12, 2016
Should we be worried about a tech slowdown?
Is the U.S. in an innovative funk, or is this just the calm before the storm?
Green | Apr 4, 2016
AIA report analyzes 20 years of the best green projects
"Lessons from the Leading Edge" is a study of the 200 Committee on the Environment (COTE) Top Ten Award winning projects since 1997.
Market Data | Apr 4, 2016
ABC: Nonresidential spending slip in February no cause for alarm
Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. The figure is a step back but still significantly higher than one year ago.
Codes and Standards | Mar 25, 2016
OSHA finalizes new silica dust regulations
Construction industry has until June 2017 to comply.
Contractors | Mar 24, 2016
ABC: Construction Backlog expands at the close of 2015
Uptick suggests high demand for construction workers will continue.
Market Data | Mar 1, 2016
ABC: Nonresidential spending regains momentum in January
Nonresidential construction spending expanded 2.5% on a monthly basis and 12.3% on a yearly basis, totaling $701.9 billion. Spending increased in January in 10 of 16 nonresidential construction sectors.
Market Data | Mar 1, 2016
Leopardo releases 2016 Construction Economics Report
This year’s report shows that spending in 2015 reached the highest level since the Great Recession. Total spending on U.S. construction grew 10.5% to $1.1 trillion, the largest year-over-year gain since 2007.
