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Key factors of growth revealed for construction companies

18 October 2017

Employee engagement, good relationships with sub-contractors and the use of technology are the three main requirements for successful construction companies, according to a recent report.

Published earlier this week, the CIL UK Construction report studied 140 companies, with the three key factors proving to be the common link between those with sales growth of more than 5%.

It separates the companies into three categories of share winners - with sales growth over 5% - share decliners - those reporting falling sales figures - and non-movers - those with sales growth of 0-5%.

Companies within the share winners category were sent to have more engaged employees compared with share decliners.

Forty-one per cent of share winners described their employees as highly engaged, while share declines recorded a figure of just 12%.

Strong sub-contractor relationships were recorded by 29% of share winners, while just 10% of share decliners recorded this as a factor in their business.

There was a similar result for those engaging with technology to drive efficiencies and increase sales, with 31% of share winners stating this was part of their business strategy, compared to 15% of share decliners.

Companies focusing on the recruitment and retention of talent were described as "more enlightened" in the report and 27% of share winners said they had a "well-structured" apprenticeship scheme in place.

This was more than double the result for share decliners, recording a figure of 13%.

There was an even greater gap between the two categories when the recruitment of staff from higher education institutions was examined.

Share winners recorded a figure of 24% for this, while just 7% of share decliners had chosen this option.

The more successful companies had also placed more emphasis on recruiting female staff, with 36% working to improve the work environment for women.

The UK Construction survey was conducted by CIL and Barbour ABI this summer.


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