FOR IMMEDIATE RELEASE:
Brian Binke, CEO of The Birmingham Group – A member of the Sanford Rose Associates® network of offices, Authored “Why Settling for Mediocre Talent is an Expensive Mistake” Featured in Construction Today
Brian Binke is currently President and CEO of The Birmingham Group – A member of the Sanford Rose Associates® network of offices, an executive search firm located in Berkley, MI. They specialize in construction, oil and gas. The following is an article published in Construction Today.
Plano, TX 12/27/2017
Settling for mediocre talent could be sabotaging your construction company’s success and shaving thousands of dollars off your bottom line. Since there is an ongoing labor shortage to fill construction jobs, some companies are attempting to resolve the issue by hiring subpar workers. Although it might seem like convenient, short-term solution, it’s a costly mistake that will only hurt your bottom line in the long run.
The Cost of Mediocre Talent
Settling for mediocre talent costs potentially hundreds of thousands if not millions of dollars to your bottom line. Employing mediocre talent will increase your company’s turnover rate. In turn, you’ll be paying a high price to replace employees through an increased frequency of new hires and new hire training. You’ll also have to contend with unfinished work and partially finished projects. Some additional drawbacks:
- Completed projects will be lower quality.
- Inferior talent commits more mistakes, driving up costs.
- Subpar workers don’t save the company money.
- Mediocre leaders don’t take a big picture view.
- The value of your brand will likely suffer.