While workforce shortages remain a high-risk factor for many contractors, few employers are using significant compensation increases to help address labor needs. For the second year in a row, 80% of firms report they are having a hard time filling hourly craft positions, according to an annual survey of more than 2,500 firms by Autodesk and the Associated General Contractors of America.
About 73% of respondents reported in the August survey that they will have a hard time, and it will get even harder, to find hourly craftworkers during the next 12 months. Stephen Sandherr, AGC’s CEO, said that “workforce shortages remain one of the single most significant threats to the construction industry.”