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​The Future of Contractor Management

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​Would you like to be part of a successful company that stays busy, confidently makes decisions regarding outsourced work, turns a profit, and gets its employees home safe when it’s all said and done? Join the club! At the end of the day, we all just want to work hard, earn an honest living, and spend time with the ones we love.

In the United States, we pride ourselves as leaders in ambition, innovation, and technology. We are a nation of thinkers, dreamers, and doers. We’ve got no problem rolling up our sleeves and using a little bit of elbow grease to make our American Dream a reality. But putting in the hard work is only one of the components to success, especially in industry. Companies and their employees must also focus on safety and risk mitigation as part of their success plans—a task that is often easier said than done in an era of rapid growth and advancement.

Stability and Safety

Seven of the top ten industries with the highest sales growth rates in the United States are related to construction. Additionally, oil and gas rig counts have been on the rise since the middle of 2016. With so many experienced professionals completing important tasks every day, education and training is just one way to ensure the stability and safety of your company.

Regardless of industry, there will always be risks. Although structural iron and steel workers’ fatal injury rate was approximately 30 per 100,000 in the last few years, they are not alone in such a high-risk environment. For instance, loggers have a fatal injury rate was slightly more than 132 per 100,000 people. These numbers are staggering, but there are certainly ways we can mitigate risks to minimize the thumbprints of hazards in these industries.

Contractor Management Mitigates Risk

Risk increases with the outsourcing of work, but thankfully there are new applications and technologies specifically designed to manage and address some of these industries’ common concerns—such as training and contractor management. SaaS-based technology for contractor management allows owner clients, operators, and large contractors to reliably focus on important measurements, production, and outcomes in one concise program.

A quality contractor management program verifies and stores the proper contractor insurance documents as well as training certifications, safety manuals, and compliance standards. These components make evaluating and hiring processes more efficient and ultimately reduce risks through improved contractor vetting. As a management consultant and the accredited “founder of modern management,” Peter Drucker has said, “What gets measured, gets managed.” Seems this shift in contract management is the relief to many of our industry headaches!

Less Risk | More Efficiency

Leaders in contractor management also provide training and assistance to your business partners in order to meet both regulatory and owner client requirements. As a response to recent demands to further improve workplace safety, expert training and powerful technologies are available to provide clients with the data, analysis and reporting to qualify contractors for work. What could your company achieve if it didn’t have to devote valuable production time and resources on that administrative work?

As contractor management systems gain popularity, more and more companies will finally have the time, energy, and confidence to focus on keeping production and morale high while lowering safety risks and workplace incidents. Trained, qualified contractors and business partners leave everyone feeling positive about their capabilities, commitments, and business-to-business relationships. If this isn’t part of your future plans, it certainly should be!


SOURCES:

Biery, M. E. (2017, April 09). The 10 Fastest-Growing Industries In The U.S. https://www.forbes.com/sites/sageworks/2017/04/09/the-10-fastest-growing-industries-in-the-u-s/#14a2e3ed1ef2

Ward, M. (2017, January 04). The 10 most dangerous jobs for men. https://www.cnbc.com/2017/01/04/the-10-most-dangerous-jobs-for-men.html

Maestro, A. D., Branson, D., Biscardini, G., & Morrison, R. (2017, February 13). 2017 Oil and Gas Trends. https://www.strategyand.pwc.com/trend/2017-oil-and-gas-trends

Drucker, P. (2015, February 12). What gets measured gets managed.