Construction offers a bright and promising future for both business owners and workers. With steady national residential and nonresidential construction spending and a healthy stream of new bid opportunities, employees can enjoy healthy job security while companies pursue growth.
But filling job openings to meet the demand for new projects remains a significant industrywide challenge that can impede business growth. To gain a competitive edge in today’s labor market, companies must refine their hiring practices and implement innovative methods to attract candidates and retain employees.
Construction talent — especially skilled talent — is in high demand. In the Associated General Contractors of America’s 2023 Workforce Survey Analysis, 85% of surveyed companies reported job openings. Of those, 88% mentioned they’re having a tough time filling positions, especially in craft roles.
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