Skilled Labor Shortage Implications for Construction Companies

Hardhat gloves measuring tape and plans resting on wooden table

from Amerisure discuss how to address labor shortage issues.

July 15, 2019
Tony James & Keith Maciejewski - Construction Executive

The construction industry is facing one of the most significant labor shortages it has ever seen. This labor shortage has far-reaching implications for worker safety and construction quality—both of which could adversely impact a company’s bottom line if investments are not made to address the issue.

What’s causing the labor gap?

There are two underlying trends driving this phenomenon:

  1. More experienced workers have either not returned to the industry after the Great Recession or are now retiring as they’ve concluded their careers.
  2. The construction industry has long struggled to attract new, younger workers to the industry, and this problem has only worsened as the broader economy boomed. As a result, construction firms must compete with other industries, such as health care, technology and engineering, for young talent.

Reprinted courtesy of Tony James & Keith Maciejewski, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.


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