Engineering Inc. - July/August 2016 - (Page 38)
CHALLENGING
2016-2017 ACEC Executive Committee
Talent shortage, retiring baby
boomers among industry's most
pressing issues
By Stacy Collett
M
ost engineering firms are experiencing
a little breathing room as the economy
continues its upward trend. Billings
for private, nonresidential construction
broke into growth territory last spring,
according to the U.S. Census Bureau and
MAPI Foundation. Public construction
spending rose 3 percent in 2015, with another 3 percent growth
expected in 2016, and 1 percent in 2017. The oil and gas sector,
however, continues to suffer, especially in the Deep South and
the Dakotas. What's more, looming unknowns such as the
upcoming presidential election and a contentious regulatory
environment temper the industry's enthusiasm.
38
ENGINEERING INC.
JULY / AUGUST 2016
steadily, just as the economy, from the
dark days of the recession," says Chairman
Peter M. Strub, principal and senior vice
president at TranSystems Corp. in Greenville, South Carolina. "We are maintaining
progress in times of uncertainty, but have
challenges ahead."
Talent Shortage
Industry data shows that engineering firms
are looking to significantly increase staff
but are struggling with a shallow pool
of talent. Results from the first-quarter
2016 ACEC Engineering Business Index
(EBI) show that more than eight in 10
PORTRA IMAGES/GETTY IMAGES
Members of the 2016-2017 ACEC Executive Committee weighed in on the industry's
top challenges
from concerns
about the
economy, to
the effect of
retiring baby
boomers to
the need for
increased
cybersecurity.
"The
industry has
Peter M. Strub
Chairman
progressed
Table of Contents for the Digital Edition of Engineering Inc. - July/August 2016
Engineering Inc. - July/August 2016
Contents
From ACEC to You
Market Watch
Legislative Action
Engineering and Cyberdefense
Passing the Baton
Look Beyond the Premium
Turning Up the Power
Secure Defense
Lighting a Spark
Navigating a Challenging Terrain
2016 Fall Conference Preview
Guest Column
Mergers and Acquisitions
Guest Column
Members in the News
Business Insights
Engineering Inc. - July/August 2016
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