Welcome to RentARecruiter.com - powered by Executive, LLC.
Construction Executive Hiring Permanently Changes After War
Back to results
01/16/2005
New Orleans, LA?April 15, 2003?(PRPros) A recent construction CEO survey conducted by Construction Executive (a career advancement and leadership development center for CEO?s and executives in the architecture, engineering and construction industry), indicated that 9/11 and the War on Terrorism has brought about permanent change in construction executive hiring.
Approximately 229 construction CEO?s and 286 construction executives responded to a recent ConstructionExecutive.com survey indicating that since 9/11, a greater emphasis has been placed on candidate screening for executive hiring (including the increase demand for third-party reference checking, detailed background checks, assessment testing, fee-based company research and probationary hires).
Kevin Carney, Marketing Director for Construction Executive, commented, ?9/11 forever changed the way construction executives are hired. Most CEO?s believed they were hiring smarter and being more careful with candidate screening this year than in previous years. Even the construction executives we heard from (who accepted new positions), felt they were much more cautious and had performed more company research prior to accepting a job offer.?
One area of the survey highlighted the fact that there has been an increase in executive probationary hiring. The survey found that 16% of all executive hires over the last 12 months involved a probationary or trial period. This figure has risen 12% (from the same time last year) and 9% (from the previous year when a similar survey was conducted).
Although probationary hiring may make sense for cautious employers and executives who prefer to test the waters before jumping in, it could be a smart move statistically for risk takers as well. Mr. Carney commented, ?Our studies indicate that most new executive hires which fail, usually fail within the first 90 days. However, we found that employers who implemented a 90-day probationary period, had a lower failure rate, and were more likely to retain their hires longer than employers who did not. Employers without probationary hiring, showed an 18% failure rate (due to termination or resignation) for new hires within the first 90 days, while employers with probationary hiring showed a 15% rate. We also found that executives and employers who consider probationary hiring usually are more diligent with their research and qualifying efforts, and more likely to put forth their best efforts to accommodate each other throughout the probationary period. Probationary hiring acts like an extended courtship giving everyone a chance to work cooperatively together over a longer term before making a permanent commitment.?
While some employment-seeking executives believe that probationary hiring mostly benefits the employer, others feel it?s a good thing for them as well. When commenting, Mr. Carney said, ?Many executives don?t understand that if probationary hiring is done correctly, it is designed to result in a permanent hire and is in the employer?s best interest to make the temporary hire permanent. Commitments that are made by employers can be just as difficult to reverse as those made by a new hire. Still, some reticent executives are given a severance arrangement as added inducement for considering the probationary term.?
Overall, the survey indicated a general change in attitude and approach to hiring for construction employers and executives, including changes in hiring practices at the corporate governance level. ?Since 9/11, we have experienced a significant rise in demand for our third-party reference checks, e-background checks, assessment testing and company research services. Across the nation, we are experiencing a permanent change in the way construction executives are hired,? says Mr. Carney.
ABOUT CONSTRUCTION EXECUTIVE Construction Executive is a career advancement and leadership development center for CEO?s and executives employed in the architecture, engineering and construction industry within the United States.
As a leader in human capital services, Construction Executive provides executives and emerging leaders with an opportunity to obtain outplacement, self-assessment, career counseling, executive marketing, post resumes, view jobs and get professional help with resume preparation. Employers can obtain consulting services on leadership development, compensation, succession planning, executive coaching, executive retention, outplacement, job interviewing and executive search. Employers can also obtain services such as third-party reference and background checks, relocation, and leadership assessment.
Construction Executive maintains one of the largest Offline Private Profiles databases of employed A/E/C executives, and is a leading information provider of construction salary surveys, construction career trends, construction demographics and other A/E/C employment data.
Contact Information:
Brian Parker, Customer Support, ConstructionExecutives.com, LLC Address: 511 Gravier Street #100, New Orleans, LA 70130 Phone: 877-645-2266 E-Mail: [email protected] URL: http://www.constructionexecutive.com
