The labor shortage faced by the construction industry appears to be far from over. Despite wages in construction rising faster than other industries, contractors are still struggling to fill positions, forcing them to become more creative with employment offers.
A recent DeWalt survey found 48% of US contractors prioritize training of new recruits followed by contingency planning and resilient supply chain solutions.
Hurricane Ian caused billions of dollars worth of damage in Florida. The rebuilding effort is set to take years and will require more construction workers. The trouble is the construction labor shortage already has workers in high demand.
With an aging population aggravating the labor shortage, construction firms must change tactics to attract younger employees.
If a lack of skilled labor is holding you back, there are some ways you can reach out and entice potential workers.
Studies show that replacing an employee costs an average of 6 to 9 months’ salary. When you lose employees, you fall behind on your project schedules and may even have to turn work down. With the current construction labor shortage set to deepen this year, it is more important than ever to create work environments …
2020 Figures show the construction industry will need an additional 430,000 workers in 2021.
Replacing employees is a difficult and costly job, especially during a pandemic. Putting some time and effort into your recruitment process will help you find the right person for your company. The best way to do this during a pandemic is online. Start by creating a detailed job listing. One tip here is to focus …
The December survey of the NAHB/Wells Fargo Housing Market Index found that 87% of construction professionals site labor shortages and increased costs as their number one concern moving into 2020. Looking back, only 13% of construction professionals thought labor shortages would be a problem in 2011. That number jumped significantly in 2014 when it reached …
According to the NAHB/Wells Fargo Housing Market Index (HMI) survey, construction labor shortages are even more widespread than they were last year.
