Construction Economist Onboarding Checklist

Construction Economist Onboarding Process

Are you looking for help setting up a staff orientation process so that when your new Construction Economist starts their role, they can learn about their responsibilities and your company as quickly as possible? Whether you’re keen to use buddy onboarding, want to automate your Finance onboarding experience or just need an onboarding checklist for your new Construction Economist, you’re in the right place. We’ve put together a sample Construction Economist onboarding checklist below and have created onboarding templates & resources to help.

Construction Economist Onboarding Checklist

1. Introduction to company culture and values: The task involves providing a comprehensive overview of the company’s culture, values, and mission. This helps the Construction Economist understand the organization’s core principles and align their work accordingly. Typically, this task is performed by the Human Resources department or a designated company representative.

2. Familiarization with company policies and procedures: The Construction Economist needs to be acquainted with the company’s policies and procedures, including those related to finance, accounting, and project management. This task ensures compliance with internal regulations and helps the employee understand the company’s expectations. The Human Resources department or the Finance department usually handles this responsibility.

3. Introduction to team members and key stakeholders: It is crucial for the Construction Economist to meet and establish relationships with their team members, as well as key stakeholders within the organization. This task facilitates effective collaboration, communication, and understanding of roles and responsibilities. The Construction Economist’s direct supervisor or a team lead typically oversees this task.

4. Training on financial software and tools: As a Construction Economist, proficiency in financial software and tools is essential. This task involves providing comprehensive training on the specific software and tools used by the company for financial analysis, budgeting, and forecasting. The Finance department or a designated trainer typically conducts this training.

5. Review of construction industry regulations and standards: Construction Economists need to have a solid understanding of industry regulations and standards to ensure compliance and accurate financial analysis. This task involves reviewing relevant regulations, codes, and standards specific to the construction industry. The Construction Economist may receive guidance from the Legal department or a subject matter expert within the organization.

6. Introduction to project management processes: Construction Economists often work closely with project managers, so understanding project management processes is crucial. This task involves familiarizing the Construction Economist with the company’s project management methodologies, tools, and reporting requirements. The Project Management Office or a designated project manager typically handles this responsibility.

7. Review of financial reporting requirements: The Construction Economist needs to be well-versed in financial reporting requirements, both internally and externally. This task involves reviewing the company’s financial reporting processes, deadlines, and templates. The Finance department or a designated financial reporting specialist typically oversees this task.

8. Shadowing experienced Construction Economists: To gain practical insights and learn best practices, the new Construction Economist may be assigned to shadow experienced colleagues. This task allows the new employee to observe and learn from seasoned professionals, enhancing their understanding of the role and industry. The direct supervisor or a designated mentor typically arranges these shadowing opportunities.

9. Introduction to company’s project portfolio: Understanding the company’s project portfolio is crucial for the Construction Economist. This task involves reviewing past and ongoing projects, their financial performance, and key metrics. The Construction Economist may receive guidance from the Project Management Office or a designated project portfolio manager.

10. Review of company’s financial goals and targets: The Construction Economist needs to be aware of the company’s financial goals and targets to align their work accordingly. This task involves reviewing the company’s financial objectives, revenue targets, and profitability goals. The Finance department or senior management typically communicates this information to the Construction Economist.

11. Introduction to company’s risk management processes: Construction projects involve inherent risks, and the Construction Economist plays a role in managing and mitigating these risks. This task involves familiarizing the Construction Economist with the company’s risk management processes, including identification, assessment, and mitigation strategies. The Risk Management department or a designated risk management specialist typically handles this responsibility.

12. Review of company’s cost estimation methodologies: Accurate cost estimation is crucial in construction projects, and the Construction Economist plays a key role in this process. This task involves reviewing the company’s cost estimation methodologies, tools, and historical data. The Construction Economist may receive guidance from the Estimating department or a designated cost estimation specialist.

13. Introduction to company’s procurement and contract management processes: Construction projects involve procurement and contract management activities, and the Construction Economist needs to understand these processes. This task involves familiarizing the Construction Economist with the company’s procurement policies, contract templates, and vendor management procedures. The Procurement department or a designated contract manager typically handles this responsibility.

14. Review of company’s financial analysis and forecasting techniques: Financial analysis and forecasting are essential skills for a Construction Economist. This task involves reviewing the company’s financial analysis techniques, forecasting models, and key performance indicators. The Finance department or a designated financial analyst typically provides guidance and training in this area.

15. Introduction to company’s performance evaluation and bonus structure: Understanding how performance is evaluated and how bonuses are awarded is important for the Construction Economist. This task involves reviewing the company’s performance evaluation criteria, performance review processes, and bonus structure. The Human Resources department or the Finance department typically communicates this information to the Construction Economist.

16. Introduction to company’s professional development opportunities: Continuous learning and professional development are crucial for a Construction Economist’s career growth. This task involves familiarizing the Construction Economist with the company’s professional development programs, training opportunities, and resources. The Human Resources department or a designated learning and development specialist typically handles this responsibility.

17. Review of company’s health and safety policies: Construction projects involve inherent risks, and the Construction Economist needs to be aware of the company’s health and safety policies. This task involves reviewing the company’s health and safety policies, procedures, and protocols. The Health and Safety department or a designated safety officer typically oversees this task.

18. Introduction to company’s communication channels and reporting structure: Effective communication is vital in any organization. This task involves familiarizing the Construction Economist with the company’s communication channels, reporting structure, and escalation procedures. The Human Resources department or the direct supervisor typically provides guidance on communication protocols.

19. Review of company’s ethical guidelines and code of conduct: Upholding ethical standards and adhering to a code of conduct is essential for the Construction Economist. This task involves reviewing the company’s ethical guidelines, code of conduct, and policies related to conflicts of interest, bribery, and corruption. The Legal department or the Human Resources department typically handles this responsibility.

20. Introduction to company’s software and technology infrastructure: Construction Economists often rely on various software and technology tools to perform their tasks efficiently. This task involves familiarizing the Construction Economist with the company’s software and technology infrastructure, including project management software, financial analysis tools, and collaboration platforms. The IT department or a designated IT specialist typically provides guidance and support in this area

Setting Up Your Employee Onboarding Process

From reading through the items in the example Construction Economist checklist above, you’ll now have an idea of how you can apply best practices to getting your new Construction Economist up to speed and working well in your Finance team. Scroll up to see the link to our onboarding templates & resources or get in touch to discuss getting help setting up your systems and processes in this area.