Construction companies can streamline their staffing strategies by accounting for current prior and market forces, labor trends, and digital adoption initiatives.
FREEMONT, CA: Construction companies must consider the ongoing and emerging construction trends affecting construction demands and staffing requirements in almost all industries. The construction industry is facing current supply chain difficulties, which contribute to working interruptions and setbacks in profitability. Supply chain inconsistencies and market changes add to staffing challenges like labor shortages for skilled workers.
Construction companies must account for the following trends to maximize current trends and staffing efforts.
Market: Market research shows that supply chain and inflation issues persist in 2023. Construction players observe that rising inflation leads to higher living costs and costs of raw materials like lumber, steel, and iron. The construction industry will face an impending cost rise as lead times and shipping bottlenecks delay the supply chain.
New governmental regulations like the Infrastructure Investment and Jobs Act will further burden construction staffing requirements as the act allocates USD 1.2 trillion to construct and repair the existing infrastructure. Construction demands are increasing, and so is the demand for hiring a workforce.
