Talent Shortage Through 2030

Contractors must have a clear scoreboard and keep everyone focused on the most important objectives.

D. Brown Management Profile Picture
Share

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

Talent Development: 25% of Your Deep Expertise Will be Gone by 2030
  • 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 alone 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. 
  • Mastering the 9 Critical Talent Processes is the only sustainable growth strategy around talent for contractors.

Schedule a conversation with us to learn more about how we are helping contractors with their talent. 




Impacted Productivity - Unleveled Manpower
The biggest risk for a specialty contractor is the performance of on-site labor. One of the biggest impacts to labor productivity is having a sporadic manpower schedule.
Leadership and Management of Details
Building a great contracting business requires the right balance of leadership and management. While it is possible to separate them the truth is that many of the top leaders are relentlessly disciplined managers.
Retirement Onboarding - Retirement, Time, and Money
Construction business owners should look at time and money very simply in their retirement at the start of planning their retirement onboarding.