Delaware Business Insurance Update From CNC Insurance Associates Inc. "Talent Pool is Dry for Construction Companies" 6-17-15

One of the biggest risks developing for construction small business is lack of talent to fill jobs. During the recession of 2008-2011, construction companies had to reduce their work force to stay in business. This meant a lot of well qualified workers were laid off. Now that construction is picking back up, these same workers are older and do not want to come back to work. Also the industry did not do a good job of recruiting and training a younger workforce and this has created a gap. If you ask small business owners in the construction business they will tell you, "I can't find help" and will continue to be a big problem. The need is in the field, project management, leadership, and even engineering. The economy depends on the construction industry to drive growth. This could be stalled if projects cannot get done or the amount of available work lay dormant because of a reduced construction work force. Only time will tell if these available jobs will be filled in time to keep our economy growing, albeit slow. Until next time be careful out there and know your risks.


G. Kevin Nemith, President CNC Insurance Assoc. & The Small Business Insurance Center.
Serving DE, MD, PA, NJ, & VA
www.cncinsurance.com
www.bizinsurancetv.org



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