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
| Sep 18, 2012
MKK opens office in North Dakota
MKK is currently working on seven projects in North Dakota, including a hotel, restaurant, truck stop, office building, and apartment complex.
| Sep 13, 2012
Leo A Daly Company promotes Kraskiewicz to senior vice president
Kraskiewicz, who most recently served as chief operations officer for the Leo A Daly division, will guide brand management, business development, operations and financial performance for 18 offices worldwide.
| Sep 11, 2012
About 170 events planned nationwide for fourth annual SteelDay September 28
SteelDay is a national event featuring free educational and networking opportunities for the design and construction community and the public.
| Sep 11, 2012
New York City releases first energy benchmarking data for private buildings
City is first in U.S. to disclose private-sector building energy data from a mandatory benchmarking policy.
| Sep 7, 2012
Net-zero energy pioneers on the el-hi frontier
Getting to net-zero is not easy, but the promise of eliminating energy bills and using state-of-the-art technology as a learning lab can make a compelling case to reach for net-zero.
| Sep 7, 2012
The keys to success in the K-12 school market
When educators and school administrators describe their vision for new K-12 school buildings as ‘21st-century learning spaces,’ they’re not exaggerating. Many new schools are truly different in concept from their counterparts of only a few years ago.
| Aug 24, 2012
Skanska hires Miller as procurement manager
Miller brings more than 25 years of construction procurement expertise.
| Aug 24, 2012
KLMK Group forms strategic alliance with Taylor Construction Management
KLMK's expertise in the capital delivery process and TCM's global platform combine to provide an integrated solution with an unparalleled impact for health care related industries.
| Aug 24, 2012
Study predicts how health economic, delivery and buildings play a role in the next decade
Study also finds accountable care organizations, pay-for-performance and aging population will have greatest impact over next five years.
| Aug 24, 2012
ABI downturn moderates as negative conditions continue
South the only region reporting increase in design activity.
