The fundamentals of the commercial construction industry are strong and industry leaders are largely optimistic about the future of the sector, according to the latest USG Corporation + U.S. Chamber of Commerce Commercial Construction Index (CCI). Contractors report a healthy pipeline of new business and more than 50% expect to hire more people in the next six months.
But behind the headline numbers, one of the most persistent challenges in the construction industry is first recruiting, then training and retaining, skilled workers. Like manufacturing and other trade industries, the construction sector is grappling with an aging workforce, as well as a gender and skilled labor gap, which is causing builders to turn down work, submit higher bid levels and struggle to meet deadlines.
Reprinted courtesy of Diane Earll, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.