BambooHR just released their report for the first half of 2023, ranking the happiness of workers in their respective industries. Who came out on top, you might ask? The Construction industry, that's who.
Posted: September 08, 2023Categories: Business & Industry
In an effort to reel in and keep current workers, construction companies are pumping up pay. The labor market for the construction sector is meager at best, with labor statistics indicating as many as a half million construction jobs remain unfilled. Add to that the number of construction workers quitting the profession, and you have a labor shortage crisis.
According to an Associated Builders and Contractors (ABC) the construction sector had 400,000 job openings in March of this year, an increase of 60,000 jobs from the previous year.
Construction workers quit more than they were letgo by about 3% which is well above the layoffs and discharges rate of 1.6%. It's the 13th consecutive month with quits outpacing