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News — 2020

State of recruiting in AEC

1379 2020 adapt adaptation AEC Architecture average career development Category_Articles child-care Christina Zweig Niehues classes conferences coronavirus COVID-19 cultural fit culture data digital recruiting e-commerce Education employee satisfaction Engineering environmental executive search Firing full-service engineering Growth Hiring hiring is tough impact of 2020 involuntary turnover key findings lack of qualified candidates layoffs LinkedIn multidiscipline new hires online online learning open position outside training pandemic percent growth qualified candidates Recruiting Recruitment remote work research response to COVID-19 Retention Salary salary increases satisfied Seminars slow growth slowed growth still hiring Survey Technology Training Turnover virtual webinars working from home ZG Team Zweig Group Zweig Group data

State of recruiting in AEC

By Christina Zweig Niehues | New data on recruitment and retention shows how firms of different sizes, types, and geographies were impacted by the events of 2020.

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We can do better

1377 2020 2021 adapt advisors areas of strength areas of weakness assessment available back to the office Benefits best performers best staff bundle business decisions Business Development candid Category_Articles CEO challenges client relationships client services communication communications community conversations coronavirus COVID COVID-19 Crisis do better Economy employees entrepreneurial equalizer expectations expertise firm location flexibility flexible flexible work flexible work policies focus on staff forward thinking Goals greatest resource Growth Hiring HR human resources Improve improvement improvements improving in this together inclusive innovative insight interns IT IT infrastructure IT systems JQ JQ Engineering jump ship key staff lack of support Leadership learn learned learning Lessons Learned Listen listened listening location market diversity market limits marketing mission mission statement new geographic markets new opportunities new staff nurture on-boarding operations Opportunities opportunity pandemic part-time employees pivot Planning political politics protect Quality Recruit Recruiting regional partners relationships remote work resource Respect Retention Safety seize opportunities sharing time staff Stephen Lucy Stress strong foundation strong foundation for growth Successful support technological shortcomings Technology Time Vision we can do better weakness what next what's next win-win work policies work quality work schedule work together working environment working through a crisis Workload

We can do better

By Stephen Lucy | In the past year, we’ve learned a great deal about how we can do better and have begun to seize opportunities created by 2020.

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Unanswered questions

1376 2020 2021 advisor career fairs Category_Articles Change Christina Zweig Niehues Clarity communication coronavirus COVID-19 culture data diverse diversity downsize downsize workplace employee demands expenses firm management flexible grow Hiring improvements Incentives increased efficiency increased profitability leave leave policies lower expenses management networking new geographies on-boarding overhead paid time off pandemic policies policy policy changes Productivity Profitability Project Management proximity PTO PTO carryover purpose Questions Recruiting Recruitment relocate relocation remote work remote workplace rent research researcher Retention sense of purpose social media solutions Spending surveys Teamwork Technology telecommute thrive Turnover unanswered questions upheaval utilities virtual work from home work remotely work-load working remotely ZG Team Zweig Group

Unanswered questions

By Christina Zweig Niehues | While we’re entering 2021 with a renewed sense of purpose and greater clarity, there are still a lot of unanswered questions.

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Keeping your firm ‘ready to sell’

1375 2020 2021 Accounting accounting procedures acquired acquired firm Acquisition administrative policies advisor afterthought Architecture associates balance sheets bargaining power Benefits buyer Category_Articles clean books clean finances clean records complications continue growing coronavirus COVID-19 creating opportunities culture culture fit curveballs EBITDA employee-focused employees Engineering Finances firm owner good record keeping grow growing Growth growth strategy growth through acquisition healthy firm hostile takeover human resources integrity John Bray junior principals Leader Leadership leverage M&A M&A activity maximize value Merger negotiations operating profitability opportunistic overtime owner Ownership P&L statements pandemic policies private equity Profitability profitable projections ready to sell record keeping retirement age second tier management seller selling stock stockholder agreement1375 strategic Strategy successor suitor transaction partner transaction ready Valuation valuation metrics values ZG Team Zweig Group

Keeping your firm ‘ready to sell’

By John Bray | Approachable steps you can take to prepare for a potential acquisition down the road, and why it’s never a bad idea to take them.

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Decentralization

1374 2020 2021 Accountability adaptable advanced concepts advanced ideas agile anticipation balance beneficial blame Category_Articles celebrate clear communication clear goals clear vision communication concepts contemplation Cooperation coordination decentralization decentralize decentralized structure delegate Delegation develop director of strategy empower empowered empowered leaders Growth hope ideas impression information sharing intelligence intent learn leave behind Lessons Learned look ahead look back negative impression Negativity New Year no excuses no ready opportunity organizational theory Ownership past performance Performance Phil Keil principles prioritize prioritize tasks purpose reflection simple goals simple message strategic plan Strategy stupid stupid employees stupid people Successful takeaway teach Teamwork triumphs Trust understand understand concepts unified valuable Vision ZG Team Zweig Group

Decentralization

By Phil Keil | Decentralization of structure within our firms allows for a more agile, adaptable, and unified organization.

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