Challenges around skilled workforce shortages are again at the doorstep of the U.S. industrial construction marketplace. Retirements, economic difficulties and project uncertainties are draining the pool of skilled workers, and owners again face the unknown - will the right workers be in the right place at the right time to meet demand. How will we respond?
The Construction Labor Market Analyzer®
- Manage labor risk & contingency
- Save money on project labor cost
- Improve project execution planning
Workforce development and planning is fundamentally about risk management; and we need to prepare now for growth that has already begun. If you are unable to reliably foresee skilled labor supply and demand pressures, effectively planning is not possible and your project may not be able to avoid unforgiving market forces, which significantly impact your ability to staff projects and complete them efficiently.
The CLMA is designed to improve your project and human resource decision-making capacity through reliable, project-based labor analytics. The alternative is uncertainty, which leads to higher contingencies and increased cost.
In May 2007, 54% of Construction Users Roundtable owner members, who collectively spend about $180B annually, stated workforce shortages resulted in project cost escalations exceeding 20%. One hundred percent of owners interviewed stated they experienced project cost escalation of at least 5%...meaning an additional cost of about $500,000 on a relatively small project of $25M.
It doesn't need to be this difficult. The construction industry can do better and the CLMA can help. Please check it out at www.myCLMA.com
and get started today.
For more information, contact Daniel Groves by email
or phone at (859) 339-5071.