Sage Advice US

A different approach to the construction worker shortage

According to the U.S. Bureau of Labor Statistics, the construction industry will require over 7.2 million workers by the year 2022. Yet the primary working age group—those between 25 and 54—is projected to decline. Ouch!

Bottom line, it doesn’t look like it’s going to get any easier for contractors to find qualified employees, especially younger workers. The alternative? Make the most of what you have. Now’s the time to take a closer look at your current workforce to pinpoint and remedy skill gaps, retain key employees, and improve overall productivity and performance. That evaluation starts with these six basics:

Ultimately, any evaluation of a workforce against a company’s current and future needs will uncover skill gaps, indicate exactly where you need to hire, and identify issues that can lead to high employee turnover. Having a good read on current staff will help you add new employees more strategically—critical when you are dealing with a limited labor pool.