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Labor Shortage: Navigating the Challenges in the Construction Industry
The construction sector continues to struggle with a shortage of skilled labor, a challenge that seems to be deepening with time. Businesses find it increasingly difficult to retain workers, prompting them to explore alternative methods to fulfill project requirements.
The Ugly Truth: Why Construction Loses Billions in Labor Mismanagement
Unvetted hiring leads to unwanted turnover, injury risk, and mis-hires, which is costing contractors huge portions of their margin. These labor management costs run a 200-person subcontractor over $500,000 annually, with 500+ employee shops losing $1,000,000+.