Problem Finders vs. Problem Solvers

Patty McCord represents the shift that construction contractors must make in how they view HR’s role as it integrates with the company’s strategy and execution.

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Patty McCord has been on the front-lines of a war for talent that really kicked off for technology companies in 1998 but didn’t make it to the construction vocabulary until around 2016.  

Quote: Problem finders are cheap. Patty McCord.

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Forbes Article

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Increased Value by Lowering Variability
A construction business is capable of providing a very high return to the owners who have their capital at risk as well as the team members that work there. Contractors with lower variability in profitability are both more valuable and more sustainable.
Lean Principle - 8 Categories of Waste
The first step in improving labor productivity in construction is improving everyone’s ability to see the waste. Waste can then be broken down into 8 major categories. Like colors these are often interrelated.
Collections and Retention Trend Metric
Assuming that a contractor’s project team has done an effective job of aggressively billing the project, the biggest variable that remains for cash flow is the effectiveness of collections.