There is a hiring crisis facing the contracting industry today and it’s only getting worse. If you’re trying to hire right now, you already know what I'm talking about.
The question is, what are you doing about it?
The labor shortage in construction has been grossly underestimated. The numbers are staggering.
The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022 to meet the demand for labor, according to the Associated Builders and Contractors.
Meanwhile, the HBI said 2.2 million new workers are needed within the next three years to meet housing demand.
Contractors, all of us, now must compete with far more businesses for the same workers.
That’s requiring our industry to rethink not only wages and benefits but also how we can improve work environments and career opportunities.
An estimated 1.2 million construction workers will leave their jobs in 2022, accounting for much of the shortfall. As well, the shortage of skilled labor is reaching crisis levels as well.
With many industries outside of construction also competing for increasingly scarce labor, our industry must take drastic steps to ensure future workforce demands are met.
To overcome this massive challenge, all of us will now need to become master recruiters and marketers to attract the talent available.
But let's face it, recruiting, especially in this market, is time consuming and not something that most of us want to do.
That's why my team and I have been working on solving the hiring crisis by taking the burden off your hands.
