The construction industry is projected to grow by 12% between now and 2026, which the BLS has identified as “faster than average job growth.” Normally this would be great news, but the industry is faced with a detrimental imbalance between project demand and labor supply.
In fact, 78% of construction companies struggle to fill salaried and craft positions. As skilled workers retire out of their positions, the hope is that young talent will step up in their stead. But studies show that, over the past decade, construction companies have struggled when it comes to recruiting — especially the millennial generation.
The good news is, there are proven ways to reduce—and even eliminate— the labor shortage in construction. Take a look at this free guide to learn how.