Long employee tenure leads to higher construction revenue — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Long employee tenure leads to higher construction revenue

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in Compensation and Benefits,Human Resources

The average tenure of the 180 em­­ployees of Redwood City, Calif.-based W. Bradley Electric is 9.3 years—three times the national average in the construction industry.

Execs there say that longevity has contributed to revenue growth from $65 million to $75 million in just two years. Employee retention, says CEO Leslie Murphy, contributes to customer retention. Among the firm’s ­strategies:

  • After laying off employees during the recession, the company ramped back up by rehiring as many of them as it could.
  • A full menu of traditional and voluntary benefits has been a key to attracting and retaining the best workers, Murphy says.
  • The company has an on-site gym and offers yoga classes.
  • Financial, legal and mental health counseling professionals visit the company’s offices three times a year to work with employees.
  • Regular, all-hands meetings keep employees in the loop about company decisions and progress, a tactic that helps ease the worry that inevitably persists in any company that has laid off employees.
  • Employees are encouraged to volunteer in the community.

Contact: Leslie Murphy, (650) 701-1502.

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