Construction company executives have a lot to worry about. We find that CEOs leave a few key risks unchecked.

1. Being Unprepared for a Crisis

A crisis is any unpredictable event that threatens to harm an organization, its stakeholders, or the general public. 

What's the risk? The credibility and reputation of an organization is heavily influenced by how the company responds during a crisis. Failing to have an effective communication plan in place could be detrimental to your company's image in the community and create confusion amongst employees.

We hear it all the time from business owners: "We are paying too much for insurance. There's gotta be a better way." 

And our industry responds: "Have you heard about captives?"

Too often, insurance brokers confuse the financial instrument with the strategy. 

The reality is that these tools alone will not solve the problem of high insurance costs. To clear the air, though, we thought we'd share the pros and cons of 3 insurance products, each with different levels of risk ownership: full insurance, captives, and high deductibles.

Recruiting and hiring top talent is one of the biggest challenges that companies face. And yet we simply aren't good at it.

We aren't good at recognizing when a high performer is sitting right in front of us. And we aren't good at weeding out candidates that sound good but ultimately underperform. 

When people quit your organization, it can feel like one giant step backwards after many small steps forward. So why are so many people leaving? It could be because they never should've been hired in the first place.

On February 23, 2017, the Centers for Medicare and Medicaid Services (CMS) released an insurance standards bulletin allowing states to yet again extend the life of "grandmothered" or transitional health insurance policies to policy years beginning on or before October 1, 2018, as long as the policies do not extend beyond December 31, 2018. 

With roughly 3.5 million truck drivers collectively moving nearly 70% of all freight tonnage in the U.S. change is inevitable. 2017 brings a slew of trends that will shape the future of this essential industry. 

Driver pay has a direct correlation with retaining your drivers and oftentimes employers believe that higher pay will keep their drivers around. With recent findings, thinking outside of the box may be your best bet for hanging tight to your most valued drivers.

On the flip side, it’s not all about the dollar bills. A little R-E-S-P-E-C-T goes a long way in terms of driver retention. How are you treating your drivers?

Retaining top talent is one of HR's top wicked problems.

Roughly 55% of millennials are disengaged in their work, and this is causing them to move from job to job at a much faster rate than previous generations. In other words, you're losing your talent before you've unlocked their true value.

But what actions have you taken to combat this? Perhaps mentoring may be the hidden key to employee retention.

With the upcoming Electronic Logging Device Mandate just over a year away with a deadline of December 16, 2017, many companies have questions about what this means for their fleet, and what is the best way to remain compliant. Preparation in this area will prove beneficial with this major change, especially when it comes to choosing an ELD vendor.