Empowering the new construction workforce
Right skills and knowledge, industry expertise and peer-to-peer knowledge sharing are key components in building the future construction workforce
The global construction market is expected to grow by $4.5tn by 2030 to to reach $15.2tn, with its value touching $8.9tn in emerging markets in 2030, according to the Future of Construction report by Marsh, the global risk advisor and insurance broker. Furthermore, a report by Mordor Intelligence states that the UAE construction market is expected to reach a value of $133.53bn by 2027, registering a compound annual growth rate of 4.69 per cent between 2022 to 2027. Construction will continue to be a critical economic driver not only globally, but specifically in the GCC, as the region continues to expand its cities.
Currently, the construction sector is also going through a major shift. From technological advancements to a significantly larger focus on sustainability, the industry has to make many changes over the next few years. These changes, in turn, require the workforce to be fully equipped and open to constant change. Moreover, the ageing workforce soon looking at retirement is also a reality looming over the industry. The potential loss of intellectual and practical knowledge and capital means it needs to constantly prepare the younger generation and emerging leaders for the future, failing which the sector can look at a slower pace of growth and potential stagnation.
While education certainly plays a major role in developing the right skills and knowledge, industry expertise and peer-to-peer knowledge sharing are also key components of building the future workforce in construction.
Here are the factors that will empower the new generation of leaders in construction.
Technological innovations and digitalisation Technology will continue to evolve, making it necessary for the construction industry to adopt and adapt now and in the future. To future-proof the sector and continue the growth momentum, the knowledge of technologies currently being used is not enough. Technologies such as augmented reality, enhanced project management tools, and collaboration software will gain popularity.
Focus on green construction
Sustainability is key to ensuring the industry is headed in the right direction. The next generation of construction leaders needs to give sustainability the attention it deserves and warrants. Understanding the value of green construction and how it can help reduce carbon emissions is imperative for the workforce to build a secure future.
From green concrete to the usage of biodegradable materials and green insulation to electrochromic smart glass to cool roofs, these technologies can help developments reduce the harmful impact they have on the environment.
Practical knowledge and training
Gaining early knowledge through internships and training is key. Furthermore, peer-to-peer knowledge sharing is important. From being part of online or offline industry communities to being actively involved in where the industry is headed by taking on mentors and peer support is also advisable.
Diversity and globalisation
The Covid-19 pandemic has truly embedded the meaning of globalisation in most industries. Organisations are now open to global talents. The younger generation needs to be open to the idea of globalisation and understand that there are many chances for career advancements through this. While the construction industry in the region is booming, there are many underdeveloped and other developing countries that need newer talents to support the burgeoning demands of the population. Diversity is equally important, and companies must make a significant effort to diversify their workforce by focusing on the required talent.