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Staffing, supply chain issues and workplace changes are the challenges facing FMs
Triax Technologies, Inc., a provider of wearable technology for jobsite connectivity and worker safety, has shared strategies for helping construction, the second least digitized U.S. industry, embrace technology, improve safety and operations and attract a new generation of tech-savvy workers to help fill the skilled labor shortage left by retiring baby boomers.
“The construction industry is facing a major dilemma: business is booming, but productivity is stagnant, and its skilled workforce is aging while there just aren’t enough new workers to fill demand,” says Chad Hollingsworth, co-founder and president, Triax Technologies. “New technologies, such as IoT-based wearables and analytics solutions, that provide unprecedented jobsite visibility help contractors optimize their current workforce, promote worker safety, and attract millennials to the field. Whether it’s solving our nation’s crumbling infrastructure or building sustainable spaces, construction continues to be the foundation of U.S. industry, and the new greenfield for technology transformation.”
While job opportunities across sectors increase as 10,000 baby boomers retire daily, and job growth in construction is expected to double the national average, fewer millennials are choosing that field. According to a USG and U.S. Chamber of Commerce Commercial Construction Index, more than 60 percent of contractors are having difficulty hiring skilled workers. Additionally, only three percent of overall respondents to a National Association of Home Builders (NAHB) survey expressed interest in the construction trades.
Among the factors Triax has identified as contributing to the shortage of millennial workers in construction is the general low-tech perception of the industry, and the lack of awareness about the potential for career advancement. Based on its work in the field with leading construction firms, Triax recommends the following strategies to attract a new, tech-savvy workforce to fill the labor gap: