Peace Recruitment is warning construction companies to invest in existing employees now or risk losing them.
The skills shortage means demand for construction workers has never been so high, with pay going through the roof. Companies, many of which are working with limited capacity, are being forced to offer candidates the best possible deals to try and attract them.
According to Peace Recruitment, more and more under-appreciated workers are looking around to see what is on offer elsewhere, so companies need to act now to try and stop this from happening.
This warning parallels with specialist recruiter Randstad CPE’s analysis that claims a million extra workers need to join the house building industry if the country is to build new homes at the necessary rate. Further details of the analysis can be found on the Ranstad website.
By 2020 the UK will need a total of 1.98 million house building workers – to build the necessary 300 000 homes per year. This means the creation of over a million new construction jobs by the end of the decade.
As of 2015 there are 0.98 million people working in the UK’s house building trades and professions, who are involved in the likely completion of 148 000 new homes this year. This will need to grow to 1.98 million workers in order to reach 300 000 homes per year – which means an additional one million workers by 2020.
Building homes is also becoming more labour-intensive. In 2007, UK house building peaked at 226 000 completed homes per calendar year, while at the time there were over a million people working in related construction jobs. This implies just more than five such workers per completed home – a figure that has since deteriorated towards seven workers per completed home in 2014.
Skilled trades will be particularly vital – requiring the creation of 27 000 bricklayer jobs, 89 000 jobs for plumbers and 100 000 carpenter jobs.
Adapted from press releases by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/30102015/construction-companies-warned-invest-existing-employees-880/