As the economy barrels into recovery many Georgia businesses are welcoming the change with open arms. The increased demand for products and services means many will soon return to pre-pandemic profitability. Despite the optimism, the reality is the aftereffects of COVID-19 are creating new challenges for many, including Atlanta construction companies and contractors. The confluence of supply chain issues, increasing material costs, and project delays have made recovery a challenging endeavor. Matters are further complicated by the news that worker shortages are once again a growing concern. According to the Associated General Contractors (AGC) 2021 Workforce Survey, 96% of companies with open positions are having a difficult time filling vacancies for both salaried and craft positions. This has forced companies to increase training, expand professional development programs and launch new recruiting efforts. To help clients, prospects, and others, Wilson Lewis has provided a summary of the key survey findings below.
The survey was conducted online between July and August 2021 and includes responses from 65 companies in Atlanta and across Georgia. The primary market sectors include building, utility infrastructure, federal and heavy, and highway and transportation construction. Revenue sizes varied with 45% reporting $10.1M – $50M in annual revenue, 32% $10M or less, and 23% $50.1M to $500M. Finally, respondents included a mix of both open shop and union contractors.
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As the hiring challenges continue, Atlanta construction companies will need to think “outside the box” to find new ways to attract qualified candidates. This will become increasingly important as supply chain issues resolve and project delays subside. If you have questions about the information outlined above or need assistance with a construction accounting or tax issue, Wilson Lewis can help. For additional information call us at 770-476-1004 or click here to contact us. We look forward to speaking with you soon.
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