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The Great Adaptation: Navigating the New Construction Labor Pool
July 15, 2024
Construction industry executives, architects, engineers and contractors can’t catch a break. After enduring several years of construction material cost volatility and unprecedented supply chain constraints, industry leaders now face a new challenge: labor. Since the COVID-19 pandemic, the construction labor pool has experienced a seismic shift. Organizations now find themselves hiring a different group of laborers, with different expectations and different skill sets.
Gordian and ConstructConnect explore construction labor market changes in this insightful report. Download it today for cutting-edge data and expert analysis of:
- Construction labor cost growth from 2021 to 2023
- Changes to prevailing wage calculations and the implications of those changes
- The rise of the mega-project and its impact on the construction labor pool
- The new balance of labor supply and demand
- Changing workforce demographics
- Strategies for adapting to these new dynamics
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