World Of Concrete Asia

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2024.8.14-16 Shanghai New International Expo Centre,China

World Of Concrete Asia

2024.8.14-16 Shanghai New International Expo Centre,China
57,000+
Visitors
37,000+
Exhibitors
720+
Scale

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Home > > Study Shows Technology Can Ease Construction’s Labor Crisis

Study Shows Technology Can Ease Construction’s Labor Crisis

Construction Dive

McKinsey consulting firm argued that more aggressive solutions are needed to address the staffing gap, such as tech tools that helps with repetitive tasks.

MICHELE D’OTTAVIO / ALAMY STOCK PHOTO

As the labor gap continues to widen, builders need to think of different, creative ways to attract new labor and bolster what they already have, according to an April report from consulting firm McKinsey.

The picture that the firm paints is grim. In skilled trades roles such as construction laborers, welders and electricians, the firm said for every successful new hire in the industry, there will be an additional 20 job openings to fill. Illustrating how robust demand for workers is, average wages in manufacturing and construction have increased by more than 20% since the first quarter of 2020.

To rectify these issues, McKinsey says that builders must turn to solutions that include collective action across public, private and social sectors, along with technology. The report’s authors pointed to, for example, an engineering firm on an unnamed high-profile project that secured scarce skilled workers with attractive sign-on bonuses and relocation packages.

To read the rest of this story from our sister publication, Construction Dive, click here.

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