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Posted by James Hawley, Executive Vice President, Veredus | Hays
on Wednesday, Nov 4, 2015
The booming construction industry continues to stretch the tight talent pool from basic labor to senior staff. As high-rise projects intensify in cities such as New York and commercial and retail projects expand, candidates with relevant experience, particularly those who can oversee large projects, are in high demand.
Employers focused on meeting immediate talent needs tend to hire project-to-project. As a result sought-after talent relocate to a new project every few years. While some large companies try to improve succession planning and talent development, few have career pathing and leadership advancement programs in place for long-term success. Employers need to get ahead of the curve and offer long-term career growth to employees to stop the revolving door and retain talent.
Hays Construction Recruitment & Retention Guide – a view from the top
The US construction market is becoming one of the most attractive markets worldwide, and shows no signs of cooling as demand for experienced candidates continues to grow across the country and a range of disciplines. We surveyed over 200 employers in the market to get their insights on hiring plans, in-demand skill sets and salaries for target positions, as well as a snap shot of what employers are doing to attract top talent. The resulting guide reveals key areas of demand are high-rise residential and commercial while 81% note that business activity levels will most likely increase over the next year. As a result employers plan to increase their construction headcount in the coming months, in particular for superintendents, estimators and project managers.
It’s an exciting time to be in construction
In the southern states, we’re seeing more healthcare, aviation and education projects as a result of population growth. In addition to this, multifamily apartment and high-rise residential projects are ramping up to meet the demands of these expanding regions bringing to light again the ongoing skills shortage. Reality is the market is hot and candidates are highly mobile as they are lured from project to project. Employers will be successful in attracting top candidates by promoting projects long-term as well as career progression opportunities.
Additionally, succession planning is key – find out why now.
Get your copy of the Hays Construction Recruitment & Retention Guide for exclusive insights and advice into the construction market to help you built your attraction plans.
Find out more about James Hawley, Executive Vice President, an expert in Construction & Property.