The construction industry has faced a productivity crisis in recent years, with productivity growth hovering around 1% for the last two decades. Managing this crisis is expected to become even more challenging for construction companies due to the spike in pandemic-induced demand and a rapidly shrinking workforce. The extent to which construction companies can create new and more efficient processes will rely heavily on their ability to attract and retain top talent in the coming years. Here are three challenges that the construction industry will have to overcome to close the skills gap and become an attractive industry to work in moving forward.
In this article, Angie Licata – COO at Ryvit – explores:
- Barriers preventing companies from meeting the rising demand for construction
- How modern technology can address the skills shortage in construction
- Why integration is crucial to using technology effectively