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THE SKILLED WORKER SHORTAGE
01 Construction
Navigating the talent crisis Employment growth
Construction sector executives find themselves facing a dilemma. As confidence returns to the industry and macroeconomic shocks settle down, there is likely to be a shortage of skilled workers available to fill the vacancies needed to rebound quickly after three difficult years. Our survey presents several warning signs to which executives should pay close attention. 50% of the corporate decision- makers surveyed say they find it very difficult to attract and retain early career professionals to roles in the construction industry Ranking a difficulty level of 7 and above out of 10 on a scale of difficulty
What are some of the main skills that your organisation finds hardest to recruit? THE RECRUITMENT EXPERIENCE FOR CONSTRUCTION EXECUTIVES
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
“It is hard to recruit self-motivated and hard-working young adults.” - USA
“Finding young workers that are willing to give it their all.” - Australia
16% report no difficulties in attracting and retaining early career talent. 14% describe filling vacancies as ‘extremely difficult’ 9 or 10 out of 10 on the difficulty scale.
“Engineering. There are a lot of people with false degrees and at the moment the best way is to contact their referees to determine if they are legitimate.” - South Africa
approach to recruitment, retention and diversity
“General trades have been difficult - there is a labour shortage there. We do our best to plan resources to match volume but there isn’t much we can do when the workforce simply does not exist.” - Canada
07 Conclusion
BDO’s message to Gen Z Practical lessons for construction executives 08 Countries in focus
“The main qualifications that my organisation finds difficult are candidates with specialised technical skills and advanced soft skills such as leadership, problem solving and team collaboration.” - LATAM (Mexico)
Australia Belgium Brazil Canada Latin America The Netherlands New Zealand Norway South Africa USA 09 About BDO’s research 10 How BDO can help
“People with management and leadership skills.” - Australia
“Experts in app development and cloud management.” - LATAM (Colombia)
Although the talent crisis is present across all markets in our research, it is most strongly reported by decision-makers in the Netherlands, Australia and LATAM.
> In the following sections of this report, we will uncover the reasons why Gen Z are turning away from a career in construction, and what strategies construction companies can take to overcome this talent crisis.
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