The continuing slow-growth economy has already created tighter budgets and stricter schedules for architects, engineers and contractors. Add in a looming shortage of talent as Baby Boomer employees start to retire in expected record numbers—and the issue escalates into a serious problem.
While there seems to be no silver bullet for this dilemma, the good news for firmsis that young professionals often referred to as Generation Y or Millennials, have skills rooted in entrepreneurship, technology, and collaboration—skills that can help counter some of the sector’s emerging challenges.