The State of Construction Hiring
Are you having trouble finding qualified workers for your construction business? If so, you are not alone, according to our friends at Sage Software. They recently compiled some statistics about the state of hiring in construction. They found that 76% of construction firms report having a hard time finding qualified craft workers. 62% are finding it difficult to fill key professional positions.
Looking at the projected growth for the construction industry, it looks like these hiring issues may be with us for a while. According to Sage:
- More than 4 out of 5 firms expect the construction market to grow through 2016.
- 44% plan to grow outside of current geographic area.
- The construction industry will need 7.2 million workers by 2022.
That growth, along with the construction industry's aging work force is certain to present challenges to our industry. The ability to hire, train, and retain top talent may be the key ingredient to giving your firm a strategic edge in the future.
For more information about the growth and hiring in the construction industry, check out the infographic from Sage Software below (click the image for an expanded view):