slide1
Download
Skip this Video
Download Presentation
High Percentage of Skill Shortages Troubles Construction Industry

Loading in 2 Seconds...

play fullscreen
1 / 13

High Percentage of Skill Shortages Troubles Construction Industry - PowerPoint PPT Presentation


  • 127 Views
  • Uploaded on

Skill shortages in the field of construction seem to have no plans of stopping. Despite the best efforts, there is still a big shortage and lack of skilled workers willing to work in this arduous kind of job.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'High Percentage of Skill Shortages Troubles Construction Industry' - willh00p3r


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide2

Skill shortages in the field of construction seem to have no plans of stopping. Despite the best efforts, there is still a big shortage and lack of skilled workers willing to work in this arduous kind of job.

slide3

Let’s do the math and take Axis Capital Group’s statistics as an example. Since operating from 1999, Axis has grown to employ an estimated 150 machine operators, mechanical engineers and shipment crews and admin staffs.

slide4

Among these employees in the main office in Singapore and office branch in Jakarta, Indonesia, more than 75% are now in their middle aged years.

slide5

While the business is improving and growing, in 10 years, these middle-aged employees will be retiring. When that happens, those remaining 25%, assuming zero attrition rate, would already be middle aged and promoted.

slide6

If there is still a shortage of skilled workers, there is a bigger risk of deterioration in the construction industry despite machines doing most of the labor works.

slide7

Manual labor is already being reviewed as one of the reasons which can greatly affect the already developing industry.

slide8

In more studies, of UK’s construction industry and related businesses were unable to fill the vacancies in the previous two years. While many leaders in this sector plea for help and complaints are already filing up for not properly marketing the benefits of the industry, experts say that the solution would be vocational training.

47%

slide9

Companies should allot time, effort and budget for trainings and educational seminars for aspirants to be able to regain the number of workers.

slide10

Companies should take advantage of the high rate of unemployment among young adults and offer benefits befitting for a regular employee and for the risk that they are to undergo when working as a construction worker.

slide11

Since, as analysts mention, that the need for manpower, the benefits they will be getting and the demand for workers are not highlighted in schools and universities and instead being belittled, construction companies should do their part to presenting a better image and marketing their names through these interactive seminars and trainings.

slide12

Since businesses are struggling to contain the shortage which seems to have no plans of abating, there is already a surge of significant pay growth in this sector of almost 5%.

While the business is continually growing, many companies are already imploring assistance to other sectors and even from the government to find other solutions for the increasing manual labor.

ad