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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Setting the Conditions for Success
The contractors that will continue to grow profitably in the future are those that master talent development. Leaders must (1) setup the conditions for success with their team and (2) lead by example when it comes to their own development.
Builder and Business Manager Integration
A successful and sustainably growing construction business has the right balance of builder and business manager skills on the team.
Creating The Perfect Day
Contractors build things and ultimately that comes down to men and women in the field. They are the ones adding the value to the raw materials that the customer is ultimately paying for.