Dive Brief:

• The predicted shortage of skilled workers in the construction industry showed up in FMI Corp.'s annual report on talent development in the construction industry.
• The report is based on a survey sent to 3,600 companies, FMI said, and a group of respondents that were 49% general contractors.
• The situation will make recruiting current and future skilled talent a critical strategy for companies.

Dive Insight:

Companies face a double whammy because many of them have baby-boomer executives who are looking at retirement and inevitably take experience, insights and business contacts with them. Some of the steps that companies said they are taking to confront the overall question of a changing workforce were promoting internally to fill key positions, providing training to improve performance in specific competencies and devising „„internship/co-op programs to create a pipeline of younger workers.