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Turnover Rates in Construction Industry
Ask the ExpertCategory: QuestionsTurnover Rates in Construction Industry
hri_Admin asked 6 years ago
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1 Answers
Glenn Demby answered 6 years ago
Turnover rates are high although I couldn't find an exact figure. The sector added 300 new jobs in August and business is booming, especially in the Vancouver area where they're rebuilding their subway system. Biggest problem for construction employers in BC, as in most other parts of country, is finding skilled workers. Estimated shortage in range of 20,000, which will keep growing in years ahead. Of course, that adds to turnover as employees in demand shop their services around. Here's some stuff you can check for more info: https://www2.gov.bc.ca/gov/content/data/statistics/employment-labour/labour-market-statistics https://www.constructionforecasts.ca/sites/forecast/files/highlights/2018/2018_BC_Constr_Maint_Looking_Forward.pdf 2017 stats https://www.bccassn.com/media/bc-industry-stats-2017.pdf https://www.bccassn.com/media/survey-bc-construction-industry-2016.pdf https://vancouversun.com/news/local-news/shortage-of-construction-workers-critical-in-b-c-employers-say Hope that helps. Glenn