Published Date : Jan 14, 2016
The global construction industry saw slow growth in the past few years as economic depression led to wrapping-up of many projects, especially in developed parts of the globe. As the industry slowly treads along a path of recovery, it is faced with an issue that is projected to come ahead as a big challenge for the construction sector if not dealt well today – labor shortage.
The construction industry is facing the issue of labor shortage which is even more intensified owing to the aging workforce of the industry. So as to avoid a major dearth of human resources in the future, which can have a direct impact on the number of projects that can be undertaken by a construction company, many construction firms across the globe are trying out new ways to lure young people into the industry.
Frank L. Blum Construction, the U.S.-based construction company has doubled the number of employee training programs in the past few years, has considerably increased the salary package, and has also started mentoring programs. The company has also invited its own clients to talk to employees about how and why work in the construction sector is important.
The initiatives are an attempt to answer the question of how construction companies can attract young people who will form the base of the construction industry for its ongoing expansion.
The old days when companies used to hire employees and sticking them directly to the job site for them to learn the work themselves have gone. Today’s young generation needs the assurance that their employer will take efforts to develop skills, engage, and appreciate them.
Employment in the construction sector of the U.S. suffered a huge blow during the period 2007-2010 when it shed over 2.3 mn jobs, which accounted for a 29% of the sector’s then workforce. Through January this year, the sector has been able to regain nearly 900,000 of the workforce but still has been slow in bringing back workers in the age between 19 and 24, according to recent analysis published by the U.S. Census Bureau.
According to another survey published by the Associated General Contractors of America, 79% of construction companies in the U.S. are facing trouble in filling positions of hourly-basis jobs, especially in the posts such as concrete workers, sheet metal installers, and carpenters. Hiring employees for posts such as supervisors and project managers is also becoming a big trouble for several construction countries.