Tuesday, April 16, 2019

Combating the Labor Shortage with Operational Efficiency Gains

By the year 2028, the construction industry will likely need to fill approximately 300,000 job openings. As more than a quarter of a million construction workers are expected to retire in the next decade, production is expected to weaken in most markets due to the aging population, skilled labor shortages, insufficient training and numerous other factors.

With overall skilled labor productivity in decline — and no signs of abating in the immediate future — it’s clear that effective workforce growth strategies and the capacity to accomplish the same or more work with fewer workers is needed.

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