What are the most important traits of an electrical contractor and its workforce? Commitment? Craftsmanship? Continuity?They’re all important, to be sure. But there are other questions to be asked: How can I be certain that I’ll get what I pay for and that I’m getting a quality product at a fair price? How do I […]
International Brotherhood of Electrical Workers
For one, the existence of unions could potentially lead to increased workforce stability. Using Sustainalytics’ Employee Turnover Score (where higher scores are better, indicating lower turnover levels), we can see that higher percentages of unionized employees are correlated with lower employee turnover (outside a dip at lower levels of unionization).
Finally, among companies with higher levels of unionization, we see lower average Uncertainty Ratings as assigned by Morningstar equity analysts. While industry-specific considerations remain critical, a lower Uncertainty Rating requires a lower discount relative to the estimated fair value of a company before a stock is automatically assigned a non-3-star rating, given a slimmer range of potential future outcomes.
Similarly, companies with a higher percentage of employees covered by collective bargaining agreements tend to report stronger lost-time incident rate, or LTIR, performance over time, as measured by Sustainalytics’ LTIR Trend indicator. This indicator assesses the trend in a company’s LTIR by comparing the rate in a given fiscal year relative to its previous three-year average; again, higher is better. Better work safety performance may arguably translate into lower future costs associated with compensation for injury or death, alongside lower productivity losses.
The IBEW has dedicated teams of business development and workforce development staff that operate on a national stage. Their function is to bridge gaps, find resources and cultivate strategic partnerships to meet project demands in construction and manufacturing.
Advocacy and Compliance
IBEW Members and Representatives are well-versed in advocating for their communities and work opportunities within them. From town halls to Capitol Hill, we have a voice at the table. In addition to our tangible contributions, the IBEW believes our strong partnership within communities and throughout the permitting and political process is invaluable.
If you are looking to meet certain requirements or bench marks for your project we can help with that to. From Prevailing Wage to Apprenticeship to Local Hire, the IBEW maintains a dedicated staff that can help your company be successful no matter what the scope. With a national pool of members and resources, we believe that being part of the IBEW offers unparalleled opportunities in our industries.
Are you planning your next major project? Wondering how a qualified workforce can affect your timeline or bonding? Will your project or product be delivered on time, or within budget?
Whether you’re a sole proprietor or managing large electrical contracts we have the expertise to adapt to projects of any size accross North America.
The IBEW offers a diverse and skilled national workforce of over 700,000 members, plus connections to tens of thousands of non-members. When it’s time to staff your project, we’re ready to provide the qualified professionals you need.
Do you want to know how the IBEW can help you meet certain criteria for your project or with your workforce. The Inflation Reduction Act (IRA), Chips Act, and various Agreements set forth thresholds for things like apprenticeships and local hire. Not only can the IBEW help you meet those criteria but we are well versed and established in doing so. With existing tools for success, our benefit programs are not only cost-effective but also aid contractors in saving on payroll taxes.
The IBEW operates with a dedicated Government Affairs team based in Washington, D.C., alongside local and state lobbyists. Our team doesn’t just monitor and advocate for work opportunities but also possesses expertise in aiding employers in navigating industry policies and resources.
Affordable benefits are beneficial for both employees and employers alike. We have spent decades building strong multi-employer plans. The Family Medical Care Plan enables us to maintain low costs for all involved parties. Providing paid retirement and healthcare coverage for workers and their families not only helps in securing great talent but can reduce payroll taxes too!
The IBEW has a strong network of registered apprenticeships, working closely with employers to create effective training programs. This focus on apprenticeship helps improve workforce skills, lower employee turnover, and enhance the reputation of participating companies.
By partnering with the IBEW, companies can offer high-quality training and career growth for their workers, leading to a skilled and flexible workforce that benefits everyone involved.
With over 70 years of experience in construction apprenticeships, the IBEW and the Electrical Training Alliance also provide ongoing education to keep members updated on the latest technology. We collaborate with employers in the utility, manufacturing, and telecom sectors to create customized training programs and registered apprenticeships that meet their needs.