Train and Develop Your Workforce in the Construction Industry

Alford Korzybski famously said, “A map isn’t the territory it represents.” there’s something intriguing about the mismatch between the bullish forecasts and therefore the actual ground realities within the US construction sector.

To begin with, the us has one of the most important construction markets worldwide, with an annual expenditure of over $1,293 billion. This huge spending could significantly drive the US economy within the future.

Despite this, projects after projects are running behind the stipulated schedule. And this shoots up construction costs by a big margin.

How is that possible? On the one hand, experts say that the development industry is booming, while on the opposite end the market is claimed to be during a huge financial and time loss!

The answer lies in understanding the crux of things, and it’s this — there’s a huge shortage of skilled labor!

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In a recent survey by the U.S. Chamber of Commerce and USG Corp., 70% of construction firms said they were struggling to form deadlines because they couldn’t find enough workers.

This despite the very fact that an awesome number of construction projects that had stalled during the recession are now back on target (in fact we are likely to ascertain increased spending on heavy construction segment with the Trump administration unveiling infrastructure plans valued at $1.5 trillion).

While there are other roadblocks, all of them revolve around this acute labor shortage, which features a direct impact on construction costs, and alongside rising material costs and land prices, makes new developments burdensome.

For instance, the development costs increased 6.2% last year, and therefore the majority of the rise came from increased labor costs, since with labor shortages, projects take longer, and bid contracts also become costlier.

The fact is, the extent of worker shortage in the housing industry is unprecedented at the instant. And although 79% of construction firms decide to expand their headcount in 2019 (according to a survey of construction executives from the Associated General Contractors of America and Sage 300 Construction and Real Estate), 78% of them can’t fill important positions.

There are questions we must ask:

Why is construction not a beautiful industry for the millennials? Why have the 600,000 workers who left the industry during the good recession not returned? Should we read more into the case with the aging workforce in construction (according to JBK, about one-third of all employees within the housing industry were born after 1980, while 52% were born between 1960 and 1979)? Is there how to bring back the two million construction jobs that somehow disappeared during the housing downturn? If we dig deep, we’ll find that tons of the elemental worries surrounding the development sector revolve around safety (by safety, don’t just read the private safety on the location, but also a secure and secure career for future).

What can we do to assuage the fears of an aspiring construction worker?

Lack of Safety in Construction Jobs The younger job aspirants are apprehensive about going into the development industry as it’s more susceptible to accidents. Every day, a mean of two construction workers die thanks to work-related injuries in the U.S. One in five of all workplace fatalities occurring are construction-related.