More frequently, young people are considering careers in the trades over traditional four-year college degrees. This is good news for the construction industry, which has been experiencing a labor shortage for the last several years. However, while young people may be joining the trades workforce in record numbers, companies should still be mindful of how they can retain these workers. There are a number of strategies construction companies can use to retain their youngest employees, but according to For Construction Pros, these are some of the most effective ways: offering career development opportunities, developing tech-forward training, providing competitive wages, and more.
Competitive pay will always remain a tentpole retention tactic. Companies should keep pace with salary expectations and regularly benchmark their compensation packages against industry, age, and geographical standards. Compensation benchmarking tools can help employers stay on top of market rates, helping ensure they offer attractive wages that keep young workers engaged. Read more