What does 2017 have in store for the construction industry and how to adapt? Being able to adapt to such a volatile industry has many benefits for a business. Adaptation allows for businesses to extend their scopes and incorporate all the trends that have emerged over the last several months. These four trends are shaping the construction industry’s future. Which of these trends have you observed?
Technology – Virtual Reality Design
One of the biggest enhancements currently being tested by construction companies is Virtual Reality. VR allows companies to recreate and map out a 3D model of projects giving workers a firsthand experience in a fully simulated construction site before sending them to the real thing. There are many benefits to using VR in the construction industry. It allows for companies to minimise costs and prevention of onsite errors, it improves the efficiency and safety of workers and arguably the biggest area of impact would be the psychological effects it has on the workers. As University of NSW Associate Professor and Chartered Quantity surveyor Sid Newton said,
“VR is likely to be useful in terms of changing onsite behaviour and patterns in regards to safety. The impact of witnessing an accident whether it is virtual or real will most likely be able to change the behaviours in the future.”
What steps have you taken to ensure your business improves as technology further enhances the industry?
Shortages in Skilled Labourers
There is a shortage in skilled labour which is significant to the construction industry’s future. Productivity is declining as the demand of onsite work is undesirable. A CSQ (Construction Skills Queensland) Farsight Report stated that there was more demand for experienced older tradesmen for their skills in order to meet infrastructure and housing demands but unfortunately due to their age their bodies were wearing out. This resulted in a massive impact on absenteeism during not only the colder months but also in the event of extreme heat. Businesses need to be aware that this shortage can potentially cause negative effects on the construction industry where a lack of skilled workers can result in delays, completion of projects and even force businesses to withhold from acquiring new projects.
Hiring Agencies Save The Day
With a shortage in skilled workers on the rise and the demand for projects increasing, construction companies turn to recruitment agencies as a saving grace. Recruitment is a very time consuming task, and in such a fast paced market who really has the time to select and interview candidates whilst handling multimillion dollar projects at the same time? Outsourcing the recruitment process to hiring agencies provides construction companies with more time, resources and funds to focus on more important tasks at hand. Benefits of using a hiring agency are:
- Ensuring adequate tradesmen are available to finish a project on time
- Reduced staffing resources costs
- Casual workers to fill in for staff on leave
- Flexible workforce
- Easy access to specialists if needed
Going Green for a Sustainable Future
How can your business be successful and flourish whilst at the same time create a positive impact on the environment? As the construction industry evolves so do the materials, whether it be window films that block UV and IR radiation to paints with reduced emissions allowing for healthier air. Not only do green options provide a safer environment it is also quite affordable; basically going green saves money. It is all about sustainability for a low cost, and let’s face it who doesn’t want to be eco-friendly and profitable at the same time? Consumers are looking for alternatives, there is higher demand for the use of green materials as it lowers costs, has better risk management, efficient energy use and less wastage.