02
Our research suggests that hiring is likely to be most active for highly skilled roles, with skilled fieldwork, engineering and procurement roles most in demand across the sector globally – see Figure 2. Alongside these on-site technical roles, a range of other roles encompassing competencies such as data analytics, environmental expertise, computer science and health and safety are all cited as secondary areas of increased demand.
REASONS FOR OPTIMISM: DEMAND IS BOUNCING BACK Despite the issues noted above, executives in the construction industry remain optimistic about their future. They are gearing up for growth.
01 Construction
Navigating the talent crisis Employment growth
The construction sector is bouncing back following difficult years and heavy impact on profits 03 Gen Z Understanding what motivates the workforce of tomorrow 04 Closing the gap Aligning the construction industry with Gen Z’s aspirations 05 Proactively altering Gen Z’s perceptions Addressing the construction industry’s image problem 06 Refreshing the industry’s
51%
More than half of those surveyed by BDO anticipate the size of their workforce will increase over the next six months. Confidence in project pipelines is returning throughout 2023 and beyond, to the extent that executives are looking to invest in hiring new staff or rehiring to replace those made redundant during the pandemic. In contrast, just 17% of construction companies anticipate their overall headcount will decrease this year. The USA, South Africa and the LATAM region all anticipate the largest increases in their workforce this year, with more than 60% of executives in each of these regions expecting to grow headcount throughout 2023.
Skilled field work
50%
29%
18%
3%
Procurement and contracts negotiation skills i.e. with materials suppliers and service providers Engineering
41%
43%
11%
4%
38%
44%
14%
4%
Unskilled construction site labor
36%
36%
22%
6%
approach to recruitment, retention and diversity
Health & safety expertise
35%
47%
13%
5%
07 Conclusion
Strategic leadership
33%
50%
13%
5%
BDO’s message to Gen Z Practical lessons for construction executives 08 Countries in focus
Environmental expertise
32%
47%
13%
8%
Australia Belgium Brazil Canada Latin America The Netherlands New Zealand Norway South Africa USA 09 About BDO’s research 10 How BDO can help
Data analysis
31%
50%
13%
7%
Computer science/coding
30%
43%
14%
13%
Finance and accounting
29%
55%
13%
3%
Expertise in robotics & automation/Artificial Intelligence (AI) Legal, risk and quality knowledge
27%
55%
12%
5%
27%
43%
14%
16%
Communications and PR
24%
55%
14%
7%
Don't know Downsize No change Hire
Figure 2: Which of the following roles are you looking to hire or downsize at your company over the next 12 months? Figure 2: Which of the following roles are you looking to hire or downsize at your company over the next 12 months?
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