Under current practices, construction can often be low-paid, itinerant and dangerous work. However, among democratically owned firms, the reality is just the opposite, which is why we work with the owners of construction firms of all types to sell their business to their employees. Whether owners are looking to retain critical employees, set the stage for retirement, or expand sustainable building practices, we possess the expertise and experience to guide them every step of the way.
Careers in the construction industry hold some of the greatest potential for improving the quality and stability of ‘middle skill’ employees on a large scale. While occupational certification is often necessary to secure employment, in very few occupations is more than a high school diploma necessary. Median annual wages range from $30,000 to $50,000, and are often higher for more technically skilled occupations. By 2022, the Bureau of Labor Statistics expects the number of carpenters and construction laborers to increase by over 500,000. Yet, given that a majority of firms without a succession plan close, it is essential to ensure that the job quality is maintained, that successful firms are structured to ensure their long term success.
ICA has worked with numerous design/build and architecture firms to convert to democratic employee ownership. We understand the practical realities facing these firms and our simplified conversion process is designed to assist firms achieve a level of control they are comfortable within a streamlined approach.
Companies We Keep, by John Abrams