chapter  14
24 Pages

Human resource management

Introduction The cyclic variation of demand for construction sector products and services is perhaps among the most extreme of all industry sectors – investment in the property sector varies widely. It is at the whim of investors – share market buoyancy, taxation policy and government interest rate policy are just three of its main drivers. This has led to extreme highs and lows in demand; the variation between peaks and troughs at times exceeding 100 percent. This naturally places a consequent strain on resources at the peaks, forcing many in the sector to look for work elsewhere during the slumps.