Contractors will face a 25% gap in the critical talent layer that keeps their companies growing profitably and sustainably with a strong scoreboard (https://dbmgt.co/2vW9v9i). > From 2015 to 2030 the overall population will increase about 12.5% while the population of 45-65 year olds will decline by about that same amount from peak 2015 levels. > Construction demand will grow roughly with the population; likely faster due to deferred infrastructure maintenance. > Automation technologies will help significantly with the front-line workforce including drivers, operators, many craft, basic engineering functions, etc. > The demand for critical expertise and management capabilities will increase do to the increasing complexity of projects, changing project delivery methods and tighter supply chain integration. > 90% of this talent is 45-65 years old because it typically takes 20+ years to build the deep experience and relationships required. > Compensation alone WILL NOT solve the problem of a massive shortage in supply just like you can’t offset a 25% decline in oil supply through higher gas prices. > Mastering the 9 Critical Talent Processes (https://dbmgt.co/2qnnZgD) is the only sustainable talent strategy for contractors.
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