Blogs

Commercial construction costs hinge on two primary categories: materials and skilled labor. Therefore, when both are in short supply and more expensive, already small profit margins contract even further. To counteract rising costs, many CRE firms simply raise their prices—which could further negatively affect the industry. First, there was Covid-19. Then came widespread labor shortages. Supply chain collapses saw rising commercial construction costs dig into profit margins worldwide. And now—to top it all off—there’s inflation. Rising steel prices, peaking at nearly $2,000/ton have affected...
As an employer, attracting and retaining talent is challenging as you work to drive your business forward. The workforce continues to be compressed, which only intensifies the need to stand out amongst other employers in your industry. This might include additional PTO, assistance programs, health care benefits, and for many, a structured and valuable retirement plan. As a leader at your company, the retirement plan landscape can be overwhelming at times. You want to offer your employees a plan to help them achieve a good retirement, while minimizing your risk and ensuring your plan fits your...
With more than an estimated 200,000 jobs to fill (and more to come), nursing home and ALC staff have every opportunity at their disposal to find a new position. Almost every operator you speak with will tell you recruitment and retention is one of their biggest challenges in today’s labor market, if not the biggest. That's why Skilled Nursing and Senior Housing operators must implement strategies to ensure the right staff is in place to deliver quality patient care. Covid-19 highlighted the importance of nurses more than ever before. As cases, hospitalizations, and deaths spiked in every city...
Recruiting and retaining top talent can be challenging. Providing a structured retirement plan is important, but a plan without education tends to not meet the needs of your employees, while one that does include education helps instill financial confidence in their future. A recent study* shows that 48% of employers say financial stress has a significant impact on their employees. This kind of stress is affecting all types of workers in all industries – it’s everywhere - from those that are hourly (45%) to those that are highly compensated (49%). And unfortunately, a company’s bottom line is...
With the Biden Administration’s recently signed Infrastructure Investment and Jobs Act (IIJA) coming into law, $1.2 trillion will find its way into many new projects over the next several years. While infrastructure investments won't happen overnight, congressional task forces are hearing bids to allocate funding to the most in-need communities. Here's what CRE developers need to know now to get a head start. On November 15, 2021, the Biden Administration signed the Infrastructure Investment and Jobs Act (IIJA) into law. This bipartisan legislation will allocate $1.2 trillion to invest in...