More than half of U.S. contractors (55%) say finding enough skilled workers is one of the biggest barriers to growing their business, according to a DEWALT Powering the Future Survey.
That number rises to 69% among businesses with $10 million or more of annual revenue and 64% among survey respondents with 20 years or more of experience. About half of respondents believe that training the next generation of trades professionals is one of the most critical needs for the success of the construction industry in 2023.
An overwhelming majority of contractors (93%) say the lack of skilled workers has had at least a minor impact on their existing work. Half of the contractors who have had their work impacted by the labor shortage (50%) cite the primary causes for the labor gap as a lack of awareness around career paths in construction, followed by outside influences (parents, media, etc.) that guide younger people away from pursuing a career in the industry (47%), as well as an underestimation of how much money can be made (41%).
Keeping up with inflation (57%), risk management (37%), and working long hours (37%) are also major concerns for contractors.
Related Stories
| Jan 7, 2013
Jerry Yudelson's issues his "Top 10 Green Building Megatrends" for 2013
Yudelson, a Contributing Editor to Building Design+Construction, says, “It looks like a good year ahead for the green building industry. Based on our experience, it seems clear that green building will continue its rapid expansion globally in 2013 in spite of the ongoing economic slowdown in most countries of Europe and North America. More people are building green each year, with 50,000 LEED projects underway by the latest counts; there is nothing on the horizon that will stop this Mega-trend or its constituent elements.”
| Dec 15, 2012
SAIC makes ready to lay off 700
SAIC, McLean, Va. (2011 construction revenues: $185,390,000), said it plans to cut its workforce by 700 employees in order to remain competitive in the federal market.
| Nov 20, 2012
PC Construction completes Juniper Hall at Champlain College
Juniper Hall is on track for LEED Gold certification from the U.S. Green Building Council.
