Don’t Let Know-How Walk Off the Job

If your bench feels thinner every year, you’re not imagining it. More than one in five workers in construction fields are 55 or older, which means a big slice of your most experienced people are at or near retirement. When they leave, so does decades of skills and knowledge. The good news: There are practical ways to capture that knowledge, keep veteran workers engaged longer and ramp up the next generation faster. Reality checkContractors will need to attract an estimated 439,000 new workers in 2025 just to meet demand. Meanwhile, 94% of firms report they’re struggling to fill openings. Translation: Hiring alone