Whether you own a construction company, are a construction pro, or are a project manager, staying on top of the latest construction industry trends is important to your livelihood. In 2024 we’re seeing even more advances in technology—especially with the rise of AI—and the push to implement sustainable building practices. Labor shortages will continue—especially when it comes to sourcing skilled labor—and employers will strategize on new ways to attract the best talent. Let’s get into the details!
1. Sustainable Building Practices
Buildings are responsible for 30% of global energy consumption and 26% of global energy-related emissions, according to the International Energy Agency. Construction companies aim to align with the International Energy Agency’s Net Zero Emissions by 2050 Scenario by constructing energy-efficient buildings made from sustainable materials. In addition, more construction firms will be implementing passive design strategies and using greener construction equipment to emit less carbon dioxide. Overall, construction firms will strive to build more sustainable structures in the most cost-effective ways to differentiate themselves in the market and satisfy earth-conscious clients.
2. Advances in Technology
The rise in generative AI gives construction companies the opportunity to automate some time-consuming tasks including project planning, cost controls, site inspections, project design, and more.
Drones will continue to be relied upon for site inspections, especially in areas that are hard to reach. Drones can also help construction firms make 3D models of jobsites.
Technological advances have also been made in wearable sensors. Construction workers can wear these sensors to track biometric data to avoid health hazards and injuries. Site sensors can be used to warn workers of jobsite hazards including poor air quality, unsafe temperatures, or excessive noise levels.
Additionally, advances in robotics technology are relieving workers from having to perform repetitive tasks so that they can avoid fatigue and overuse injuries.
3. Labor Shortages
The construction industry will continue to experience drastic labor shortages, especially when it comes to skilled workers. In fact, in 2024 the industry will need to attract an estimated additional 546,000 workers on top of the normal pace of hiring that happened in 2023 to meet the demand for labor. There is an increased need for professional roles including architects, project managers, field engineers, safety and quality managers, and superintendents.
4. New Ways to Attract Talent
In 2024 construction firms will use every means possible to win over skilled workers and professionals. Here are some of the tactics that are on the rise.
- Offering workers greater flexibility. Some younger workers are attracted to the idea of contract roles where they can work for multiple employers as opposed to pledging their loyalty to just one.
- Apprenticeships and training programs. While they may have fallen out of favor in recent years, apprenticeships are once again on the rise.
- A greater emphasis on safe work conditions. Construction firms are placing higher importance on safety to attract more talent.
- More enticing benefits packages. Employers are upping the ante on salary and benefits packages to attract the best talent.
- Recruiting a diverse talent pool. Employers are targeting a more diverse talent pool including veterans, underrepresented ethnicities, and those with disabilities.
Stay on top of the trends to stay competitive in today's challenging marketplace. When you need supplies, Zoro is here! From PPE to raw materials, Zoro has what you need to complete your builds in 2024 and beyond.
Product Compliance and Suitability
The product statements contained in this guide are intended for general informational purposes only. Such product statements do not constitute a product recommendation or representation as to the appropriateness, accuracy, completeness, correctness, or currentness of the information provided. Information provided in this guide does not replace the use by you of any manufacturer instructions, technical product manual, or other professional resource or adviser available to you. Always read, understand, and follow all manufacturer instructions.