As football season rolls around, I find myself thinking about cool fall evenings, cheering fans, hot chocolate and A&E firms. I know you probably think the last one is a typo, but it isn’t. Football teams and A&E firms both have a common goal: finding and keeping the best players so they can win.
In the 36th Annual Deltek Clarity A&E Industry Study, firms reported an average net revenue growth forecast of 6.2%, with some firms forecasting 13.4% or higher growth. The study also shows the average employee turnover rate is 13.7% and the average staff growth rate is 4.7%. These statistics mean that A&E firms are optimistic about growth and are working hard to find the right team members to make further growth a reality.
So, what can A&E firms do to attract and keep the right people? To start, they can learn from successful football teams when it comes to team-building and recruiting.