FMI warns shortage in trade workers may slow construction
After surveying members of the Construction Personnel Executive Group, FMI reported a craft labor shortage might slow construction. The survey determined that 24 percent of the survey respondents will be unable to bid more work and 32 percent will experience slow growth if their companies cannot meet the need for skilled labor and tradespeople.
“Overall, there’s an increase needed in skilled trade workers of more than 10 percent throughout the next three to 10 years,” says Ken Wilson, director for FMI.
According to FMI, the top five positions that will be most difficult to fill are heavy equipment operators, welder/boil makers, carpenters, pipefitters and ironworkers.
Two of the significant contributing factors to the high demand for craft labor include the shift of construction workers to oil and gas related construction, and the number of survey respondents that plan to increase the amount of work the company self-performs, FMI reports.
Download a copy of FMI’s 2015 survey report, “Craft Labor Recruiting and Retention” here.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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