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Bognet Construction's Secret To Finding Quality People In A Tight Labor Market

“It’s basically an employees’ market right now and potential employees are not bashful about telling you what other companies are offering.”

L to Right: Trevor Hirst, Tracey Gardiner, Jim Bognet, Carlo Stalteri

TYSONS, VA–Jim Bognet co-founded Bognet Construction twenty years ago in a basement office with used old boxes for a desk. Today the general contracting company has more than $100 million in revenues, a staff of 70 and its own headquarters building, but Bognet has not forgotten his early days of working for other firms. He tells of the time he asked an employer if he could have some equity in the new offices the firm was opening in other cities. The answer was no. “I promised myself if I ever had an opportunity to start my own company I would make sure I wouldn’t give the same response to my key employees,” he told GlobeSt.com.

Bognet kept that promise four years ago when he brought on a partner and gave him some equity. That worked out well, and last month the company did it again, giving equity to three long-time staffers.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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