9/5/2018: Brian Binke Featured in Construction Today
A skilled labor crisis has burdened organizations of all sizes in the construction industry for much of the past decade. Construction recruiting is as competitive as it has ever been as experts point to a variety of different causes ranging from retirement and increased building demand to the recession and a lack of vocational programs. Even though many CEOs might have their own reasons why there is labor shortage, it’s important to understand how each of these reasons have played a part in creating it in order to find legitimate solutions.
Economic Recession
Prior to the Great Recession that officially took place from December 2007 to June 2009, the commercial construction market was booming. The industry prospered from several years of records for construction spending. Unfortunately, the demand quickly plummeted when the recession hit. In 2010 when the economy had 10 percent unemployment and was still reeling from the recession, the construction industry was actually in a depression with 26 percent unemployment.
