The construction and manufacturing sectors are experiencing intense global competition for entry-level skilled trades talent.
As a result, Canada, the United States and Europe are seeking the services of welders, technicians and other highly-skilled manpower.
The construction industry has been a vital force in the European Union’s economy, standing as the leading industrial employer and making a significant contribution to GDP.
As the construction industry undergoes a transformative phase, with an increasing focus on sustainability and digitalisation, certain European countries are emerging as frontrunners in offering lucrative opportunities for construction professionals.
As many as 1.5 million additional workers will be needed to fill construction jobs in Europe between 2023 and 2030 from local and foreign talents, according to the International Trade Union Confederation .
Additionally, the United States has been facing a significant demand for construction workers, with approximately 374,000 job openings as of December 2023.
The reasons for these skills shortage are not far-fetched.
According to a 2023 survey by the Associated General Contractors of America, two key supply-side trends are reducing the number of skilled labourers in the workforce: an ageing population and a lack of younger individuals entering the trades.
The increased labour scarcity, further exacerbated by the disruptions caused by COVID-19, has intensified competition for talent, resulting in the sector’s average wages rising by more than 20 percent since the first quarter of 2020.
Job titles within the construction and manufacturing industries typically include welders, electricians, technicians, masons, and carpenters.
Read more: Businessday.
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