Compact Equipment

OCT 2018

Compact Equipment is a magazine dedicated to equipment owners and operators of small, nimble, tool-carrying construction, landscape and ag equipment — such as skid steers, mini excavators, compact tractors, generators compressors and beyond.

Issue link: http://digital.compactequip.com/i/1036685

Contents of this Issue

Navigation

Page 16 of 63

www.compactequip.com 17 Layers of excessive regulation translate into higher rents, reduced affordability for consum- ers and on average account for almost one- third of a multifamily project's development and building costs, the National Association of Home Builders (NAHB) told Congress recently. The congressional hearing was spurred in large part due to a new study by NAHB and National Multifamily Housing Council called Multifamily Cost of Regulation that details how regulatory costs account for 32 percent of the cost of developing new multifamily properties. The new research shows that well over 90 per- cent of multifamily developers typically incur hard costs of fees paid to local governments, both when applying for zoning approval and again when local jurisdictions authorize the construction of buildings. Furthermore, state and federal governments are increasingly be- coming involved in the process and layering on additional levels of fees and regulations. REGULATIONS ACCOUNT FOR NEARLY ONE-THIRD OF MULTIFAMILY COSTS, BUILDERS TELL CONGRESS 2. Emphasize training. In our industry, skill is dy- ing. You no longer can simply rely on trade schools to supply qualified workers. You have to grow from with- in. For example, we recently developed and established an in-house institute for training. It helps us to better prepare our employees to be as productive as possible, and it gives our organization a competitive advantage. 3. Manage employee workloads effectively. Construction is a competitive business. Employee re- tention becomes even more difficult if your company does a lot of seasonal work, since workers are often more likely to leave when the weather changes and the opportunities dry up. To combat this, we really make a concerted effort to keep our employees busy and on the job. If we can fill up their plate with work, so to speak, they'll be less inclined to leave us in order to make a couple cents more per hour. 4. Keep your equipment well maintained. We take great pride in keeping our fleet of machines clean, safe and running well. Quite often people tell us they want to come work with us because of the quality of our equipment. It doesn't break down, and it has air condi- tioning, a radio and other amenities. Most importantly though, our equipment does its job. 5. Be transparent. We make it a priority to share our corporate priorities, strategies and initiatives. It's important for our employees to understand where we are as an organization, where we're headed and what we're trying to achieve. We hold regular "town hall" meetings to explain what direction the company is go- ing and inform them of the latest news and happen- ings. We encourage employees to speak up and get the information they need to do their jobs as efficiently and as effectively as possible. An example of encouraging communication is our Speak Out For Safety program, where anyone in our company can shut down a crew's work just by pulling out a card and saying, "This doesn't seem right. Can we review this?" 6. Stay up to date on the latest tools and tech- nologies. Because of the diminishing skill in our in- dustry, companies like ours have begun to lean more on technology to improve efficiency and better meet the needs of customers. Drones are one good example. Global positioning satellite (GPS) technology, 3D and autonomous equipment also offer a ton of potential. As an organization, we are quite curious to see what the future will bring on the technology front. 7. Encourage networking and continuous learning. Trade shows like CONEXPO/CON-AGG are critical to our workforce development efforts. For the last three or four times the show has been held, we've sent somewhere between 30 and 40 company represen- tatives to Las Vegas to see what's new and bring relevant information back to our company to see if we can use it to the benefit of our clients.

Articles in this issue

Archives of this issue

view archives of Compact Equipment - OCT 2018