{"id":16134,"date":"2017-11-17T09:08:16","date_gmt":"2017-11-17T09:08:16","guid":{"rendered":"https:\/\/oradeo.com\/?p=16134"},"modified":"2017-11-17T09:08:16","modified_gmt":"2017-11-17T09:08:16","slug":"skills-shortage-tightens-around-uk-construction-sector","status":"publish","type":"post","link":"https:\/\/oradeo.com\/2017\/11\/17\/skills-shortage-tightens-around-uk-construction-sector\/","title":{"rendered":"Skills shortage tightens around UK construction sector"},"content":{"rendered":"

\"Construction<\/p>\n

 <\/p>\n

B<\/span>ritain\u2019s shortage of surveyors, bricklayers and other construction workers is holding back building work just at the time when the country needs more houses and infrastructure.<\/p>\n

Almost two-thirds of surveyors said a lack of skilled workers is a key factor limiting building activity, according to the Royal Institute of Chartered Surveyors.<\/p>\n

The skills shortage has now overtaken planning and regulation as the second biggest problem facing the industry, with 62pc reporting recruitment problems in the third quarter of the year.<\/p>\n

<\/div>\n

This is the highest proportion in two years and one of the highest scores on record.<\/p>\n

On average over the survey\u2019s five year history only 40pc have reported a lack of skilled workers is holding back business, so the rise to 62pc is a significant intensification.<\/p>\n

The only bigger impediment is a lack of access to finance which was reported as a difficulty by 69pc of surveyors, a sharp fall from 79pc in the second quarter of 2017.<\/p>\n

<\/div>\n
\n
\n
\n

 <\/p>\n

\"Shortage<\/p>\n

 <\/p>\n

T<\/span>he construction sector is growing \u2013\u00a0the proportion of surveyors reporting higher demand on the quarter outweighed those reporting a fall by a margin of 22pc.<\/p>\n

The industry also expects profit margins, workloads and employment to rise over the next year, though at a slower pace than in the years from 2013 to 2015.<\/p>\n

\u201cWhile activity in the sector has moderated, growth and growth expectations remain in positive territory,\u201d said RICS\u2019s senior economist Jeffrey Matsu.<\/p>\n

\u201cUncertainties due to Brexit continue to weigh on companies\u2019 investment and hiring decisions, and banks appear to be adopting a more cautious stance to providing finance. Meanwhile, challenges related to an inadequate supply of skilled labour are as pronounced as ever.\u201d<\/p>\n

The struggle to find workers comes at a time of record low unemployment.<\/p>\n

The jobless rate is 4.3pc, according to the Office for National Statistics, the lowest since 1975.<\/p>\n

Over the 12 months from June 2016 to June 2017 employment in the construction sector rose by 45,000 people to 2.9m.<\/p>\n

Average earnings in the industry increased by 2.1pc over the 12 months to September, close to the average of 2.2pc across the whole UK economy.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  Britain\u2019s shortage of surveyors, bricklayers and other construction workers is holding back building work just at the time when the country needs more houses and infrastructure. Almost two-thirds of…<\/p>\n","protected":false},"author":22,"featured_media":16137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[155],"tags":[844,843],"class_list":["post-16134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-construction-jobs-uk","tag-construction-workers-in-the-uk"],"yoast_head":"\nSkills shortage tightens around UK construction sector | Oradeo<\/title>\n<meta name=\"description\" content=\"| Skills shortage tightens around UK construction sector\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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