Technological advances in Science, Media, Finance and Retail have seen these sectors demonstrate continuous innovation and growth and whilst construction is one of the planet’s oldest sectors, it appears to have been left behind by technology. Until now.
Breakthrough technologies such as Robotics, Drone Imagery and Digital Project Collaboration tools are paving the way for exciting times in the industry but what impact will this have on talent? What can we learn from the successes (and mistakes) by other sectors in the search for technical skills?
In the last 2 years, we have seen a gradual decrease in demand for manual labour and an increase in roles that require some a technical edge. The problem arises when the demand outweighs the supply and this has had a huge impact on other industries. What we do know, is that whenever there are skills shortages, there is a direct correlation with an increase in a short-term mind-set. We live in a transactional world where money is often king and if you have a set of skills that multiple businesses want, the choice is endless.
There is no denying that early adopters of technology will outperform their competitors but how do you attract and retain digital talent?
The attraction part is relatively simple; strong culture, innovative vision and a compelling brand will always lead to the best people wanting to join.
But how do you retain that talent?
Not such an easy answer. In sectors and roles that are constantly evolving, it stands to reason that the talent within them will want to do the same. That’s why people are attracted to opportunities where they can learn, upskill, impact and move on. I guess what they’re saying is, “I want to be with you… just not forever”. And that’s not a bad thing. It allows you, as the business, to switch up your workforce so you are hiring the top talent in the market place. It also means that you can keep up with the cutting-edge developments in the fast-changing, technical arena.
Technology is shaping the world with everything from electric cars to hyperloop. But when it comes to the real estate construction industry, it is still underserved by technology.