The Constructor's Voice - 2013 - (Page 20)

The Coming Talent War have forced that foreign worker pool to evaporate. Our future workforce shortage is driven by demographics. There is one-third less 18-38 year olds today than there were 20 years ago. For example, my parents had three children, and I only have two. Competition for these future employees will be fierce because other American industries are also recruiting from the same labor pool. Some experts predict that America will not have the necessary numbers of skilled employees to fill the critical jobs of the future. FMI and the Construction Users Round Table (CURT) are estimating that by 2014, there will be 2,000,000 more skilled construction jobs in the United States than employees to fill them. Colorado’s Construction Labor Force is aging. According to the Colorado Department of Labor Regional Workforce Investment Boards study for the Denver Metro region, 38.1 percent of construction industry workers are over 40 years of age, and 14.2 percent of workers in the industry are over 50 years of age. The heavy-highway segment of the industry is projected to grow by 33.3 percent between 2006 and 2016, faster than the 21.8 percent growth rate for all industries in the area. This amounts to 3,419 additional jobs over the period, or about 342 added jobs per year – not counting replacement due to attrition of existing workers. So at the time that we have record growth in infrastructure investment, we will also be experiencing a shortage of skilled  employees. While it is difficult to hire new management and hourly employees for possible future jobs for the next construction season, companies do and need to focus on keeping their existing employees. Now is the time to reward your employees that have stuck with your company during these challenging times. Rewards do not have to be monetary; in fact, a simple thank you for their loyalty from the company president or a birthday or holiday card is sometimes all that they need. Keep your experienced workers working for as long as you can. Provide incentives to them to stay working. During the past four years, these employees have been working hard for the team, and they are By Terry Kish CCA Director of Safety and Workforce Development or the past 25 years, the construction industry has been hearing the cries of experts warning of the coming workforce shortage or the new buzz word: talent shortage. During these questionable years, there has been, for the most part, a sufficient supply of skilled workers. So why will this time be different? To start with, for most of those 25 years, our industry has had a large immigrant pool that has allowed companies to keep up with the demand and in some ways keep wages depressed. However, current state and federal immigration laws F 20 • THE CONSTRUCTORS’ VOICE 2013

Table of Contents for the Digital Edition of The Constructor's Voice - 2013

2012 President
Meet the 2013 President
Executive Director’s Message
2012 Associate Council Chairman
Meet the 2013 Associate Council Chairman
Social Media: What Am I?
2012 Included a ‘SUCCESS’ for CCA Members in HB12-1119
The Coming Talent War
CWFC Sees Continued Successes, New Directions
Congratulations to the 2011 CCA-CDOT Project Management Award Winners
Your Association Staff
A Vision for Colorado!
What is SBTRC, and How Can It Help You?
Colorado Contractors Trust Rates Remain Below Market Trends
Your Association Staff
Setting Up Your People for Success
CG/LA Infrastructure
Index of Advertisers/

The Constructor's Voice - 2013