Talent Shortage 2.0

Contractors will face a 25% gap in the critical talent layer that keeps their companies growing profitably and sustainably.

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Sustainable Growth 2018: 25% of Your Deep Expertise Will Be Gone by 2030.

Contractors will face a 25% gap in the critical talent layer that keeps their companies growing profitably and sustainablyMichael McLin provided a lot of great feedback helping clarify our initial draft, THANK YOU!

  • From 2015 to 2030 the overall population will increase about 12.5% while the population of 45-65 year olds will decline by about that same amount from peak 2015 levels. 
  • Construction demand will grow roughly with the population; likely faster due to deferred infrastructure maintenance.
  • Automation technologies will help significantly with the front-line workforce including drivers, operators, many craft, basic engineering functions, etc. 
  • The demand for critical expertise and management capabilities will increase do to the increasing complexity of projects, changing project delivery methods and tighter supply chain integration.
  • 90% of this talent is 45-65 years old because it typically takes 20+ years to build the deep experience and relationships required.
  • Compensation WILL NOT solve the problem of a massive shortage in supply just like you can’t offset a 25% decline in oil supply through higher gas prices.   

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