Friday, April 21, 2017

Lost generation: Why construction can't afford to lose over-50s - CONSTRUCTION NEWS

Originally published: April 20, 2017
Publisher: ContructionNews.co.uk 

Solutions to the skills shortage usually focus on the younger generation – but are construction companies missing out on valuable experience among older workers? The statistics suggest so.

Over the next 10 years, almost 20 per cent of the construction industry workforce will retire.

According to the CITB, this equates to about 406,000 people.

At the same time, the industry faces a battle to attract young people and to retain its EU-born workers as the UK prepares to leave the European Union.

These factors are coming together to create a perfect storm, with the battle to find skilled workers one of the biggest threats to the industry’s future growth.