169. How to Revolutionize Workforce Management: Insights from an Expert
Release Date: 05/03/2024
182. Navigating ASC-842: What Construction CPAs Need to Know
The Mobile Workforce Podcast
Listen in as Mike Merrill and CICPAC Executive Director Kathleen Baldwin discuss the implications of the new lease accounting standard, ASC-842, on contractors’ financial statements and business operations. ASC-842 now requires companies to record the financial impact of their leases on their balance sheets. Baldwin details how this standard affects metrics like working capital, debt covenants and bonding capacity. The conversation underscores the importance of proactive communication with sureties and banks to manage these changes effectively. This episode provides actionable insights...
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181. Technology's Role in Modernizing Expense Reporting in Construction
The Mobile Workforce Podcast
This episode of the Mobile Workforce Podcast features a conversation between Mike Merrill and CICPAC Executive Director Kathleen Baldwin. Tune in to hear as they delve into how construction companies can manage travel expenses more efficiently, focusing on the benefits of accountable plans and the role of technology in streamlining expense reporting. This discussion provides practical insights for construction firms looking to improve their financial management and compliance with tax regulations. Key Takeaways Clearly differentiate between accountable and unaccountable plans, focusing on the...
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180. Mastering Risk Management in Construction
The Mobile Workforce Podcast
In this episode of the Mobile Workforce Podcast, host Mike Merrill speaks with Rob Remington, a construction lawyer with over 30 years of experience in the field. They discuss the evolving landscape of the construction industry, particularly as it shapes contract management, risk mitigation and the use of technology like project management software and AI. This conversation is vital for contractors looking to protect their bottom lines and improve operational efficiency in a fast-changing market. Key Takeaways: Implement effective risk management strategies to protect profit margins and avoid...
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179. Mastering Effective Communication and Employee Engagement
The Mobile Workforce Podcast
Effective communication is at the heart of any successful construction organization, and in this special episode of The Mobile Workforce Podcast, Mike Merrill and the team from Vantix Electric, including President John Hand, explore how leveraging communication tools can drive project success and foster a strong company culture. The group focuses on how contractors can use digital solutions, like software such as Smartsheet and FOUNDATION® accounting software, to create a single channel for correspondence and data exchange, making it easier to keep the whole team informed and engaged. ...
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178 Revolutionizing Payment Systems for Your Construction Business
The Mobile Workforce Podcast
Join Host Mike Merril as he interviews CTO and Product Officer at Basys Chris Borchers and Executive Vice President of Partner Relations at Basys Kenny Thompson. They discuss the intricacies of payment processing systems and how businesses — especially in the construction industry — can save on fees and streamline their payment operations. They’ll dive into the steps involved in credit card processing, the evolution of payment technology and specific challenges faced by the construction sector. They also emphasize the importance of security measures like multi-factor authentication and...
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177. Why Data is the Future of Construction Management
The Mobile Workforce Podcast
In this episode, join Host Mike Merrill as he talks with Pronovos President Bruce Orr about how leveraging precise project data, such as WIP reports and KPIs, can dramatically enhance profitability and operational efficiency in the construction industry. During the conversation, Bruce emphasizes the need for a cultural shift toward data-driven decision-making, highlighting how up to date information can guide construction owners to make more accurate decisions faster — therefore driving a transformation at the company. Key Takeaways • Accurate metrics are essential because they ensure that...
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176. The Impact of Generational Differences on Construction Work Culture
The Mobile Workforce Podcast
Join Mike Merril as he chats with Bruce Walt, Partner at HORNE, about the significance of understanding generational differences in the workplace, particularly in the construction industry. He breaks down the characteristics of six generations, emphasizing how technology and major events shape their behaviors and expectations. The conversation highlights the importance of integrating technology in work processes, offering flexible work schedules and fostering inclusion to attract Millennials and Gen Z. Walt also underscores the need for health and well-being programs to support workers,...
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175. How to Leverage Technology to Transform Your Construction Management
The Mobile Workforce Podcast
Join Host Mike Merrill and Foundation Software CRO Steve Antill as they discuss the importance of data collection efficiencies in refining a contractor’s back-office. Antill highlights how Foundation Software, an industry leader in innovative construction solutions, enhances data collection through strategic acquisitions and the development of new tools for project and human resource management. The conversation also looks at how different generations in the industry are adopting new technology — highlighting how easy-to-use software can improve data accuracy and make...
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174. The Benefit of Year-Round Compliance
The Mobile Workforce Podcast
Listen as host Mike Merrill speaks with Matt Smith, CPA, and Dorrie Franzello Kurtz, CPA. They discuss the importance of year-round accounting compliance in the construction industry. They highlight how continuous collaboration between different departments can lead to more thorough audit trails and better project outcomes. They also explore the critical role technology plays in providing real-time information for more timely decision-making. Key Takeaways: · Maintain compliance throughout the year rather than just at year-end....
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173 Why Your Construction Business Needs a Construction-Specific CPA
The Mobile Workforce Podcast
Listen as Host Mike Merrill and Foundation Software CPA Liaison John Corcoran discuss the critical role of CPAs in the construction industry. Corcoran gets into the nitty gritty of why it’s so important to have a CPA who understands construction-specific financial matters. He will expand on how networking and getting involved with professional associations — like CFMA — are vital for staying competent and connected in the industry. The episode also touches on the personal sacrifices required for career success and the evolving focus on mental health and diversity within the industry. ...
info_outlineAre you looking for steps to adapt to evolving workforce demands? Discover transformative strategies in our latest podcast episode.
Join Mike Merrill and renowned human relations expert Brent Kedzierski as they explore evolving workforce management trends to help you improve workplace productivity while attracting and retaining employees.
"Every generation reshapes the workforce based on their experiences. Right now, we're shifting from living to work to working to live. Understanding and adapting to this change is key to future success." - Brent
Key Takeaways:
- Embrace technology to improve safety and efficiency.
- Shift from work-life balance to prioritizing life.
- Engage and value employees to boost productivity.
In order to keep their companies competitive, construction professionals have to stay ahead of the evolving trends in workforce management. In this podcast, Brent discusses the historical shifts from efficiency-focused practices to modern, post-pandemic approaches that prioritize worker well-being and life outside of work.
Brent and Mike give advice on how to deal with the shift from traditional management theories to the current model that emphasizes work-life balance. One of the common tools they highlight to help implement this change is through the use of technology.
"Technology should support, not replace, human workers,” Brent said.
Construction technology can create, track and store crucial information. Employers can use this technology, oftentimes in the form of a software, to build their safety programs and track compliance, manage productivity, deadlines and much more.
See how WorkMax's construction time tracking and productivity management software can help you revolutionize your workforce management. With WorkMax, you can connect information from the field and office to provide you with real-time insights into workforce efficiency and project progress.