Construction Labor Report Discusses Constricted Labor Pool
Date Posted: February 13, 2024
Posted In: Discussion, Workforce,
From For Construction Pros: Recently, ConstructConnect and Gordian teamed up to create and release a report on the construction labor pool and what is anticipated to happen with it in the future. This report will provide people in the industry with an understanding of why the labor pool is the way it is and how they can work with it.
According to the press release:
Construction wages rose sharply in the past three years and all market indicators foreshadow that labor will be a long-term constraint on the growth of the construction industry, according to a new report.
Gordian, a provider of data solutions for all phases of the building lifecycle, collaborated with ConstructConnect to produce a construction labor outlook report, The Great Adaptation: Navigating the New Construction Labor Pool. This report analyzes how the labor force has shifted since the pandemic and provides practical strategies for how organizations can adapt.
“Since the COVID-19 pandemic, the construction labor pool has experienced a seismic shift,” said Sam Giffin, Gordian’s director of data operations and co-author of the report. “Organizations now find themselves hiring a different group of laborers, with different expectations and different skill sets. Navigating these new dynamics against structural headwinds requires careful consideration and cost management.”